News Detail

Date/Time
15 Nov 2016 09:27:00
Headline
SP, NP posted in case of unable to express confidence on auditor's report as at 30 Sep 2016
Symbol
NBC
Source
mai
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                Sign posted

Subject                                  : Suspend and Notice pending (SP and 
NP) signs posted
Security Symbol
  - BANGKOK RUBBER PUBLIC COMPANY LIMITED (BRC)
  - K.C. PROPERTY PUBLIC COMPANY LIMITED (KC)
  - NATION BROADCASTING CORPORATION PUBLIC COMPANY LIMITED (NBC)
  - NATION INTERNATIONAL EDUTAINMENT PUBLIC COMPANY LIMITED (NINE)
  - NATION MULTIMEDIA GROUP PUBLIC COMPANY LIMITED (NMG)
Sign posted                              : SP
Sign posted on (date)                    : 15-Nov-2016
Trading session                          : Morning
Sign lifted on (date)                    : 16-Nov-2016
Trading session                          : Morning
Sign posted                              : NP
Sign posted on (date)                    : 16-Nov-2016
Trading session                          : Morning
Reason                                   :
As the companies' auditors have been unable to express confidence in the firm's 
financial statements ending 30 September 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 
September 30, 2016

"SP" (Suspension) and "NP" (Notice Pending) signs posted on listed companies in 
case of unable to express confidence on auditor's report of financial statements
for the period ending September 30, 2016. The following listed companies have
submitted to SET their financial statements for the period ending September 30,
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 their auditors. Listed
companies as following:
1. Bangkok Rubber Public Company Limited (BRC)
2. K.C. Property Public Company Limited (KC)
3. Nation Broadcasting Corporation Public Company Limited (NBC)
4. Nation International Edutainment Public Company Limited (NINE)
5. Nation Multimedia Group Public Company Limited (NMG)

SET has posted an "SP" sign to suspend trading on their securities effective 
from the first trading session of November 15, 2016 to enable shareholders and
investors to have sufficient time to scrutinize their auditors' reports on their
financial statements carefully. SET will lift the "SP" sign on KC, NBC, NINE
and NMG and post an "NP" sign effective from the first trading session of
November 16, 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.

However, SET has still suspended trading of the securities of BRC in view of the
 fact that the company must rehabilitate its operation.
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