13 Nov 2019 17:21:00
Explanation regarding the case of being accused as the abettor on a criminal offense
ST/2019/0662 November 13, 2019 Subject: Explanation regarding the case of being accused as the abettor on a criminal offense To: Directors and Manager of the Stock Exchange of Thailand According to the news which the National Anti-Corruption Commission accuse Sino-Thai Engineering and Construction Public Company Limited and some senior management of the company as the abettor on a criminal offence of bribing the government officials in exchange for allowing the ship to transport the construction equipment parts from abroad into a harbor. The company wish to affirm that the company away conducts the business in accordance with the principles of good governance and will never involve or support any forms of corruption, also, the company has very strict measures to prevent the corruption within the organization in accordance with the principles of good corporate governance, thus, all investors can be confident in the business operation of the company. The company firmly believe that we can provide explanations and evidences to defense against the above allegation. In this regard, the company also wish to inform everyone that the accusation from that the National Anti-Corruption Commission is only the initial investigation, it is not clear whether the company is a participant in any wrongdoing or not at all. Provided that there is no final court judgment yet, the company still deemed as innocent. If anyone misrepresent or spread the false news that the company has violated the law or involved in any kind of bribing act, the company will take a legal action against such a person. The Company provides this information for your acknowledgment and dissemination to the public and other investors. Sincerely yours, Sino-Thai Engineering & Construction Public Company Limited (Mr. Pakpoom Srichamni) President ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.