รายละเอียดข่าว

วันที่/เวลา
30 ต.ค. 2560 08:51:00
หัวข้อข่าว
SET posts SP sign and NP sign still posted on GL's securities concerning the auditor is unable to render opinions on financial statements 2016, interim financial statements for periods March 31, 2017 and June 30, 2017
หลักทรัพย์
GL
แหล่งข่าว
SET
รายละเอียดแบบเต็ม
คลิกที่นี่เพื่อดาวน์โหลดรายละเอียดข่าวรูปแบบเต็ม
                Sign posted

Subject                                  : Suspend (SP) sign posted
Security Symbol
  - GROUP LEASE PUBLIC COMPANY LIMITED (GL)
Sign posted                              : SP
Sign posted on (date)                    : 30-Oct-2017
Trading session                          : Morning
Reason                                   :
The auditor was unable to render opinions and conclusions on the company's 
financial statements.
______________________________________________________________________

Sign lifted

Subject                                  : "Suspended" (SP) sign lifted
Security Symbol
  - GROUP LEASE PUBLIC COMPANY LIMITED (GL)
Sign lifted                              : SP
Sign lifted on (date)                    : 31-Oct-2017
Trading session                          : Morning
Remark                                   :
SET posts SP sign and NP sign still posted on GL's securities concerning the 
auditor is unable to render opinions on the financial statements for the year
2016, and no conclusion reports on interim financial statements for the periods
ended March 31, 2017 and June 30, 2017

As Group Lease Public Company Limited (GL) submitted the financial statements 
for the year ended 2016, the interim financial statements for the periods ended
March 31, 2017 and June 30, 2017 with the reports dated on February 28, May 12
and August 15, 2017 respectively. The auditor's opinion were unqualified with
emphasis on unsual matters. Subsequently, on October 16, 2017, the Securities
and Exchange Commission (SEC) filed a criminal complaint against one GL's
executive with the Department of Special Investigation (DSI) for committing
fraud, misappropriating the company's assets and falsifying accounting records
by executing concealed transactions through several associated companies abroad
to exaggerate the company's operating results. On October 19, 2017, the SEC
informed GL to urgently amend the financial statements which GL's board of
directors had a resolution on October 20, 2017 to perform a special audit by
independent auditor on loan issues and GL will restate the financial statements
as SEC informed as soon as possible (Details as shown on SEC's news on October
16 and 19, 2017 and GL's news on October 24, 2017).

On October 27, 2017, GL resubmitted the financial statement for those 3 periods 
as mentioned above,    which the auditor modified opinions from unqualified with
emphasis on unsual matters to unable to render opinions and no conclusion
reports for those 3 financial statements due to the SEC filed a criminal
complaint against GL's executive, which the auditor has been unable to obtain
sufficient appropriate audit evidence to provide basis for audit opinions. In
addition, GL informed that the company is currently in the process of reviewing
its financial statements and loan transactions and a special audit on the loan
issues will be performed as previously disclosed (Details as shown on GL's news
on October 24 and 27, 2017).

Therefore, the Stock Exchange of Thailand (SET) posts "SP" (Suspension) sign to 
suspend trading on GL's securities from the morning session of October 30, 2017,
so the investors are informed mentioned information and able to study related
information. Then, the SET will allow trading on GL's securities from the
morning session of October 31, 2017. "NP" (Notice Pending) sign has been posted
until GL submits the revised information to the SEC.

As a result, the SET requests the investors to carefully study GL's information 
and financial statements, including the auditor's opinions, before making
investment decisions. Also, the investors should closely monitor the submission
of revised financial statements after a special audit is performed.
______________________________________________________________________