The SET announces its procedures for listed companies that are subject to possible delisting which the period for rectifying the cause(s) of delisting has ended and adding additional causes for possible delisting due to fail to submit third quarterly, 2017 financial statements within due date

According to the Stock Exchange of Thailand's regulation, there are 2 periods of rehabilitation for listed companies which are subject to possible delisting i.e. (1) Period for rectifying the cause(s) of delisting and (2) Period for the repossession of the required qualifications for trading resumption.

The SET would like to inform procedures to listed companies which the given period for rectifying the cause(s) of delisting has ended as follows. (Details shown on the SET's news on 19 March 2018)

1. The SET announces the names of 16 listed companies which have already rectified the cause(s) of delisting as having entered the period for the repossession of qualifications in order to resume trading (Resume Stage) as follows

No.

Symbol

Full Name

Given Period

Group of companies which has negative shareholders' equity but currently recovers to over zero.

1

ADAM 1/

Adamas Incorporation Public Company Limited

31 March 2019

2

KTECH

K-TECH Construction Public Company Limited

31 March 2020

3

NFC

NFC Fertilizer Public Company Limited

4

POMPUI

Kuang Pei San Food Products Public Company Limited

5

PRO

Professional Waste Technology (1999) Public Company Limited

6

SAFARI

Safari World Public Company Limited

7

STHAI

Shun Thai Rubber Gloves Industry Public Company Limited

8

THL

Tongkah Harbour Public Company Limited

9

VI

Venture Incorporation Public Company Limited

10

WORLD

World Corporation Public Company Limited

11

WR

WE Retail Public Company Limited

12

YCI

Yong Thai Public Company Limited

Group of companies which fails to submit the financial statements within specific period. Currently, they have submitted all delayed financial statements that meet the deadlines.

13

AI

Asian Insulators Public Company Limited

31 March 2019

14

AIE

AI Energy Public Company Limited

15

BLISS

BLISS-TEL Public Company Limited

16

BUI

Bangkok Union Insurance Public Company Limited

1/ ADAM is also subject to possible delisting as Cash Company, at present; the company has rectified the aforementioned cause of delisting. The SET grants period until 31 March 2019 for resume trade with qualify the listing requirement.

-2-

2. The SET grants an extension for rehabilitation period until 31 March 2019 to 4 listed companies which are unable to rectify the cause(s) of delisting as follows

No.

Symbol

Full Name

Given Period

Company which has the shareholders' equity lower than zero.

31 March 2019

1

YNP 2/

Yarnapund Public Company Limited

Group of companies which fails to submit the financial statements within specified period.

2

CHUO

Chuo Senko (Thailand) Public Company Limited

3

IEC

The International Engineering Public Company Limited

4

LVT

L.V. Technology Public Company Limited

2/ YNP is also subject to possible delisting in case of fail to submit financial statements, at present; the company has rectified the aforementioned cause of delisting. The SET grants period for the company until 31 March 2019 to submit financial statement within due date in accordance with such resume trading procedure.

In case of the aforementioned companies are unable to rectify the cause(s) of delisting or repossess the qualifications in order to resume trading within specified time, the SET will propose to the Board of Governors of the Stock Exchange of Thailand to consider delisting the listed companies accordingly.

3. Thai Unique Coil Center Public Company Limited (TUCC) is in the process of consideration and the SET will notify its resolution onwards.

Otherwise, there are 8 listed companies who fail to submit their reviewed financial statements ending 30 September 2017 to the SET. Those are late more than 6 months from 14 November 2017, resulting in the cause of additional possible delisting as SET's regulation Re: Delisting of Securities, 1999 clause 9(3), 9(5) and SET's guidelines for the listed companies failed to submit financial statements or late submission of financial statements from the due date. As a result, the SET announces additional causes for possible delisting these securities from 24 May, 2018.

  • 1. Chuo Senko (Thailand) Public Company Limited (CHUO)

  • 2. Energy Earth Public Company Limited (EARTH)

  • 3. The International Engineering Public Company Limited (IEC)

  • 4. Inter Far East Energy Corporation Public Company Limited (IFEC)

  • 5. K.C. Property Public Company Limited (KC)

  • 6. L.V. Technology Public Company Limited (LVT)

  • 7. Polaris Capital Public Company Limited (POLAR)

  • 8. Thai Unique Coil Center Public Company Limited (TUCC)

----------------------------------------------------------------

Attachments

  • Original document
  • Permalink

Disclaimer

Energy Earth pcl published this content on 24 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2018 02:07:01 UTC