shares

  • Thailand News

    Former Transport Minister Saksayam found guilty in shares concealment case

    The Constitutional Court has declared former Transport Minister Saksayam Chidchob guilty of concealing his shares and ownership in a construction company that scored numerous projects from his own ministry, with the ruling of a 7-1 vote. According to the court, Saksayam’s ownership of Buricharoen Construction Co Ltd was confirmed, as alleged by 54 opposition MPs. One judge, Wiroon Saengthian, was notably…

  • Business News

    Innobic divests Alvogen Malta shares, refocuses on Asia-Pacific pharmaceutical market

    In a strategic move to refocus its pharmaceutical sector, Innobic (Asia) Co, the life sciences division of the PTT Plc national oil and gas conglomerate, has entirely divested its shares in Alvogen Malta (Out-licensing) Holding (AMOLH). The shares were acquired by Floki Holding Société à Responsibilité Limitée, a healthcare and pharmaceutical firm based in Luxembourg. The transaction is expected to…

  • Business News

    Delta Electronics cites external factors in share price fluctuations

    There’s been a recent development with Delta Electronics (Thailand). The company has informed the Stock Exchange of Thailand (SET) that the company’s recent share price fluctuations are the result of external factors and that its financial fundamentals remain strong. Following a slump of 18.3% on Tuesday, Delta’s shares experienced volatility yesterday, closing up 0.26%. The trading alert on Delta’s shares…

  • Business News

    Fashion-forward: Jaspal gears up for IPO, set to make a stylish debut on stock exchange

    Bangkok-based ready-to-wear fashion company Jaspal is preparing for an initial public offering (IPO) on the Stock Exchange of Thailand (SET) as it seeks funding to further develop its fashion and lifestyle ventures. Jaspal recently submitted a proposal for the listing, offering up to 156 million shares, representing no more than 26% of the firm’s paid-up capital, to the Securities and…

  • Business News

    TBN shares surge 144% on MAI debut, SET issues cautionary note

    The Market for Alternative Investment (MAI) saw the debut of TBN Corporation shares on Monday, leading the Stock Exchange of Thailand (SET) to issue a cautionary note to investors in light of high trading speculation. Yesterday morning, TBN shares experienced a trading turnover ratio of 85%, reaching 41.5 baht by midday. The 144% increase was up from the initial public…

  • Business News

    Delta Electronics shares plunge 20%, triggering 1% drop in Thai Stock Exchange

    Delta Electronics saw its shares plummet by approximately 20% recently, negatively impacting the Stock Exchange of Thailand (SET) after the implementation of market surveillance measures due to irregular price increases. Analysts from Krungsri Capital Securities (KCS) and Maybank Securities identified the primary cause of the 1% drop in the SET index as Delta’s share price decline, as the electronics parts…

  • Thailand News

    TV tangle: MFP leader’s shareholding scandal sparks iTV’s clarification clash

    In the midst of a Thai shareholding scandal involving Move Forward Party (MFP) leader Pita Limjaroenrat, iTV has released a statement to clarify inconsistencies between the official minutes from its annual shareholders’ meeting and a video taken on April 26. The central issue revolves around whether iTV is still operating in the media business, which could have implications for Pita’s…

  • Business News

    Stock exchange warns investors: Tread carefully on OTO shares

    Following irregular trading of One to One Contacts Plc (OTO) shares, the Stock Exchange of Thailand (SET) issued a warning for investors to be cautious and examine information thoroughly. OTO, which offers outsourced contact centre services to government agencies and corporations, faced a spike in trading volume, mainly concentrated among a few investors. Previously placed under the Level 1 trading regulations…

  • Business News

    SET and AIMC to use class action law to protect investors amid Stark fraud probe

    The Association of Investment Management Companies (AIMC) and the Stock Exchange of Thailand (SET) are set to utilise class action law to safeguard investors’ interests as the Department of Special Investigation (DSI) examines potential fraud involving former executives of Stark Corporation. Stark’s shares plummeted by approximately 90% after the SET allowed trading to resume on June 1, causing significant harm…

  • Business News

    Foreign investors sell 100 billion baht in Thai stocks and shares amid global rate rise

    In the first five months of this year, foreign investors offloaded almost 100 billion baht worth of Thai shares, with 33.4 billion baht sold in May alone, due to increasing global interest rates and uncertainties surrounding the formation of a new government. Despite this, the Stock Exchange of Thailand (SET) expressed optimism yesterday, believing that the recent easing of the…