News Detail

Date/Time
16 May 2016 13:41:00
Headline
SP, NP posted in case of unable to express confidence on auditor's report as at March 31, 2016
Symbol
EMC
Source
SET
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                Sign posted

Subject                                  : Suspend and Notice pending (SP and 
NP) signs posted
Security Symbol
  - EMC PUBLIC COMPANY LIMITED (EMC)
Sign posted                              : SP
Sign posted on (date)                    : 16-May-2016
Trading session                          : Afternoon
Sign lifted on (date)                    : 17-May-2016
Trading session                          : Morning
Sign posted                              : NP
Sign posted on (date)                    : 17-May-2016
Trading session                          : Morning
Reason                                   :
As the companies' auditors have been unable to express confidence in the firm's 
financial statements ending 31 March 2016, the SEC may require that the
companies amend its financial statements
Remark                                   :
SP, NP posted in case of unable to express confidence on auditor's report as at 
March 31, 2016
    "SP" (Suspension) and "NP" (Notice Pending) signs posted on EMC Public Company 
Limited (EMC) in case of unable to express confidence on auditor's report of
financial statements for the period ending March 31, 2016. The company has
submitted to SET its financial statements for the period ending March 31, 2016.
As the companies' auditor have been unable to express confidence on the
financial statements, they can be considered that the numbers, which represent
the companies' financial status and operating outcome as presented in their
financial statements, failed to adequately and/or properly reflect the actual
position of the companies. This is due to these discrepancies, the Securities
and Exchange Commission (SEC) is considering requiring that the companies amend
their financial statements on the issues raised by its auditors
    SET has posted an "SP" sign to suspend trading on their securities effective 
from the second trading session of May 16, 2016 to enable shareholders and
investors to have sufficient time to scrutinize its auditors' reports on its
financial statements carefully. SET will lift the "SP" sign and post an "NP"
sign effective on May 17, 2016 until the companies have submitted their amended
financial statements or the SEC concludes that the companies are not necessary
to amend their financial statements.
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