Office of the Securities and Exchange Commission (SEC) give orders Stark Corporation Public Company Limited or STARK Take additional action After submitting a special inspection report Review information disclosure to be more complete and clear. and asks STARK shareholders to attend the meeting on October 19, 2023 and continue with an in-depth investigation. To expand the results regarding offenders and additional offenses
As STARK has submitted a special audit report (special audit report) and published the information through the information system of the Stock Exchange of Thailand on September 29, 2023, the special audit report states that the auditors found irregularities. of the various transactions of STARK and its subsidiaries, many of which had a relatively high value, the SEC therefore ordered STARK to take the results of the special audit into consideration for further action, such as updating information in the regular financial statements. Year 2022 and action against persons involved in such incorrect transactions, etc.
In addition, the auditor also revealed that Some data verification has not yet been completed. or have not yet received correct and complete information or some transactions still cannot be audited, the SEC therefore orders STARK to conduct additional investigations into such cases, including requiring STARK to review the disclosure of information summarizing the results of the special audit through the Stock Exchange’s information system. To be more complete and clear
The SEC requests that STARK shareholders attend the meeting and exercise their rights to ask questions about various issues and carefully study the information in order to make decisions about voting in the shareholder meeting as well. STARK has informed that it will hold an Extraordinary General Meeting of Shareholders No. 1/2023 on October 19, 2023 for shareholders to consider and approve the appointment of directors to fill all vacant positions in accordance with Section 83 of the Public Limited Companies Act B.E. 1992
As for the progress of the in-depth investigation of the STARK case, on July 6, 2023, the SEC charged 10 offenders, consisting of 5 natural persons and 5 juristic persons, with the Department of Special Investigation (DSI). In the case of embellishing the financial statements and disclosing information in the false bond filing form of STARK and committing fraud and deception and obtaining property from the people who were deceived.
At present, the SEC is in the process of in-depth investigation. to expand the results regarding additional offenders and additional offenses As appeared in the news before, such as the use of inside information. Spreading misleading news about STARK, etc., has been carried out continuously by the SEC. And there has been some progress, such as checking documents and evidence. Examination of the words of those involved, etc.
In this regard, the SEC’s investigation of wrongdoing is a legal process that is carried out without waiting for the results of a special audit. However, the SEC will take such information into consideration as well.
2023-10-07 03:39:54
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