News Detail

Date/Time
16 Nov 2016 08:34:00
Headline
SET lifts "SP" sign on the securities of NMG NBC and NINE.
Symbol
NBC
Source
mai
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                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.
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