16 Nov 2016 08:34:00
SET lifts "SP" sign on the securities of NMG NBC and NINE.
SET lifts "SP" sign on the securities of NMG NBC and NINE. According to the Stock Exchange of Thailand (SET) has posted an SP (Suspension) sign in order to suspend the trading on securities of the following listed companies from the first trading session of November 15, 2016 because the companies' auditor has been unable to express confidence on the financial statements for the period ending September 30, 2016. 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 auditor. In addition, SET will post an NP (Notice Pending) sign 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. Listed companies as following: 1. Nation Multimedia Group Public Company Limited (NMG) 2. Nation Broadcasting Corporation Public Company Limited (NBC) 3. Nation International Edutainment Public Company Limited (NINE) (The detail as shown in SET's news on November 15, 2016) Presently, SEC has informed SET that the point which their auditor has been unable to express confidence on the financial statements for the period ending September 30, 2016 of NMG, NBC and NINE due to the scope limitation imposed. SEC has not found that a disclaimer of the auditor's opinion is caused by scope limitation by management or the financial statements are not in line with accounting standard. Therefore, SET has not posted an NP (Notice Pending) sign on the securities of NMG, NBC and NINE on November 16, 2016. ______________________________________________________________________