SET keeps a close eye on STARK stocks

SET revealed to keep an eye on STARK stocks, if not submitting financial statements as scheduled, trading will be suspended. Coordinating with the SEC to closely monitor

Mr. Manpong Senanarong, Deputy Manager, Head of Issuer Division The Stock Exchange of Thailand (SET) mentions the temporary opening of STARK stock trading for 30 days from June 1st. After being suspended from trading due to not submitting the financial statements for the year 2022 and the 1st quarter of 2023, which is in accordance with the trading criteria that have been in place since 2019, which is only cash balance trading, during this time, the company must Actions are taken to deliver financial statements on time. The SET has coordinated with the Office of the Securities and Exchange Commission (SEC) to follow up on such matters closely. If after 30 days, the financial statements cannot be submitted as scheduled, trading must be suspended again according to the rules.

Mr. Pakorn Peetathawatchai, SET's director and manager, discussed the case of STARK's complaint to the Department of Special Investigation (DSI) and the SEC. the However, the stock exchange have worked together with Association of Investment Management Companies (AIMC) and Association of Securities Companies (ASCO)

However, in the past, both MORE shares and STARK shares caused the stock market to It is seen that in the future there will be a need to adjust the way of working with stakeholder more. It is a problem that relevant agencies must come together to discuss. to close the loopholes to a minimum.-Thai News Agency

Source: Thai News Agency