The Stock Exchange of Thailand (SET) is proceeding with the delisting of securities for All Inspire Development (ALL), Stark Corporation, and World Corporation due to their inability to address the grounds for delisting or meet the criteria necessary for resuming trading within the designated timeframe.
According to the SET, All Inspire, a property developer, is currently under court-ordered receivership, while Stark, the embattled wire and cable manufacturer, has issued misleading information in its financial statements.
World Corporation, a property development company undergoing rehabilitation, has reported shareholder equity of less than zero and has failed to regain the necessary qualifications for trading resumption by the specified deadline.
The SET will permit trading of these three securities for a period of seven business days prior to the effective date of delisting, from August 23 to September 2.
Purchases of these securities must be made through a cash balance account, meaning investors must pay the full amount in cash before making a purchase, as stated by the bourse on Wednesday.
During this trading period, a non-compliance (NC) sign will be posted to caution investors against trading these securities.
The ceiling and floor prices for All Inspire, Stark, and World on the first trading day (August 23) will not be determined until trading occurs. These prices will then be adjusted accordingly based on normal criteria starting the next business day.
Following the trading period, the SET will officially delist these securities, effective September 3, according to the announcement.
“The SET advises shareholders and investors to exercise caution when trading these securities and to thoroughly review the company’s information, including financial status, operating results, audit reports, major shareholders, board of directors, and previous news, along with associated risks and other relevant factors,” the statement indicated.
Additionally, to assist investors, the SET is providing preliminary summaries of the latest financial statements, along with audit reports and the most recent annual registration statements (56-1 One Report) disclosed via the SET’s information system.
Once the securities are delisted, shareholders and investors can monitor their financial status, operating results, and access the 56-1 One Report through the Securities and Exchange Commission’s website at www.sec.or.th, the statement further added.
