SEC Catches EMPIRE Stock Manipulation

MGR Online•Economy•18d ago

Reader Briefing

SEC investigates EMPIRE for stock manipulation and non-transparent transactions amid significant financial losses and shareholder concerns.

•The SEC has ordered EMPIRE to disclose information regarding significant asset acquisition and disposal transactions.
•EMPIRE's board approved the sale of its subsidiary OIN for up to 125 million THB and debt transfer related to MTT and SPTX.
•Shareholder confidence is low due to three consecutive years of losses, depletion of shareholder equity below registered capital, and a delisting warning ('CB' sign).

•On December 13, 2026, EMPIRE was ordered by the SEC to disclose information on significant asset transactions.
•On December 19, 2024, EMPIRE shareholders approved investment in the DRJ Group.
•EMPIRE's executive management stated that the divestment of DRJ Group to bring in MTT's business is for the maximum benefit of EMPIRE.
•EMPIRE's board changed its business policy from food supplements to focus solely on IT within one year of approving DRJ Group investment.
•EMPIRE's share price experienced a high of 1.83 THB in the past 12 months but has since fallen to a low of 43 satang.
•The number of retail shareholders in EMPIRE decreased from 4,433 on March 14, 2024, to 2,437 on March 18, 2025, indicating a loss of confidence.
•The SEC is closely monitoring EMPIRE's transactions due to recurring questions about transparency in its stock trading.
•EMPIRE has been flagged with a 'CB' warning sign by the stock exchange as of March 6, due to continuous losses and shareholder equity below registered capital.

Full article content is available on the original source.

Executive Management of EMPIRE

"The divestment of DRJ Group to bring in MTT's business is for the maximum benefit of EMPIRE."

การจำหน่ายกลุ่มบริษัท DRJ เพื่อนำธุรกิจของ MTT เข้ามานั้น เป็นไปเพื่อประโยชน์สูงสุดของ EMPIRE

SEC(ก.ล.ต.)ℹ️

The Securities and Exchange Commission of Thailand, which has ordered EMPIRE to disclose information regarding its transactions.

EMPIRE

A publicly listed company facing SEC scrutiny for stock manipulation and non-transparent transactions, with significant financial losses.

Origin Global Empire Public Company Limited(บริษัท ออริจิ้น โกลบอล เอมไพร์ จำกัด (มหาชน))

The full registered name of the company referred to as EMPIRE.

Organics Innovations Company Limited(บริษัท ออกานิกส์ อินโนเวชั่นส์ จำกัด)

A subsidiary of EMPIRE that EMPIRE approved the divestment of.

OIN

An abbreviation for Organics Innovations Company Limited, a subsidiary of EMPIRE.

Organics Greens Farm Company Limited(บริษัท ออกานิกส์ กรีนส์ ฟาร์ม จำกัด)

A subsidiary of EMPIRE.

OGF

An abbreviation for Organics Greens Farm Company Limited, a subsidiary of EMPIRE.

Doctor Gel Company Limited(บริษัท ด็อกเตอร์ เจล จำกัด)

A subsidiary of EMPIRE that EMPIRE initially invested in but is now considering divesting.

DRJ

An abbreviation for Doctor Gel Company Limited and its related companies, a group EMPIRE is divesting from.

Maltita Company Limited(บริษัท มัลทิตา จำกัด)

A company whose shares EMPIRE is acquiring and which has a loan agreement with SPTX.

MTT

An abbreviation for Maltita Company Limited, a company whose shares EMPIRE is acquiring.

SPT EX Public Company Limited(บริษัท เอสพีที เอกซ์ จำกัด (มหาชน))

A company involved in a debt transfer agreement with EMPIRE and whose shares EMPIRE is acquiring.

SPTX

An abbreviation for SPT EX Public Company Limited, involved in a transaction with EMPIRE and MTT.

The Stock Exchange(ตลาดหลักทรัพย์ฯ)ℹ️

The Thai stock exchange, which previously ordered EMPIRE to clarify financial statements and has flagged the company with a 'CB' warning.

Mr. Krataesong Jirusiwa(นายกระทรวง จิรุศิวะ)

A significant day trader who has become a major shareholder in EMPIRE, holding the second-largest stake.