News Detail

Date/Time
24 May 2018 08:49:00
Headline
SET announces procedures for companies that are possible delisting which the period for rectifying the causes of delisting has ended and adding causes for possible delisting due to fail to submit third quarterly, 2017 financial statements
Symbol
WORLD
Source
SET
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                According to the Stock Exchange of Thailand's regulation, there are 2 periods of
rehabilitation for listed companies which are subject to possible delisting
i.e. (1) Period for rectifying the cause(s) of delisting and (2) Period for the
repossession of the required qualifications for trading resumption.
The SET would like to inform procedures to listed companies which the given 
period for rectifying the cause(s) of delisting has ended as follows. (Details
shown on the SET's news on 19 March 2018)
1. The SET announces the names of 16 listed companies which have already 
rectified the cause(s) of delisting as having entered the period for the
repossession of qualifications in order to resume trading (Resume Stage) as
follows
- Group of companies which has negative shareholders' equity but currently 
recovers to over zero.
Grants period until 31 March 2019 : ADAM
Grants period until 31 March 2020 : KTECH NFC POMPUI PRO SAFARI STHAI THL VI 
WORLD WR YCI
- Group of companies which fails to submit the financial statements within 
specific period. Currently, they have submitted all delayed financial statements
 that meet the deadlines.
Grants period until 31 March 2019 : AI AIE BLISS BUI
2. The SET grants an extension for rehabilitation period until 31 March 2019 to 
4 listed companies which are unable to rectify the cause(s) of delisting as
follows
- Company which has the shareholders' equity lower than zero. : YNP
- Group of companies which fails to submit the financial statements within 
specified period. : CHUO IEC LVT
In case of the aforementioned companies are unable to rectify the cause(s) of 
delisting or repossess the qualifications in order to resume trading within
specified time, the SET will propose to the Board of Governors of the Stock
Exchange of Thailand to consider delisting the listed companies accordingly.
3. Thai Unique Coil Center Public Company Limited (TUCC) is in the process of 
consideration and the SET will notify its resolution onwards.

Otherwise, there are 8 listed companies who fail to submit their reviewed 
financial statements ending 30 September 2017 to the SET. Those are late more
than 6 months from 14 November 2017, resulting in the cause of additional
possible delisting as SET's regulation Re: Delisting of Securities, 1999 clause
9(3), 9(5) and SET's guidelines for the listed companies failed to submit
financial statements or late submission of financial statements from the due
date. As a result, the SET announces additional causes for possible delisting
these securities from 24 May, 2018. : CHUO EARTH IEC IFEC KC LVT POLAR TUCC
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