SEC: In-depth probe into TRUE shares, confirms reporter ID checks.

MGR Online•Economy•19d ago

Reader Briefing

Thailand's SEC is conducting a thorough investigation into the TRUE shareholding issue, emphasizing its stringent system for verifying reporter identification.

•The Securities and Exchange Commission (SEC) is investigating the TRUE shareholding matter.
•The SEC utilizes a robust system for checking reporter identifications under Section 246-2.
•The investigation aims to clarify numerous doubts surrounding the share transactions.

Overview

•The SEC states that Section 246 requires holders of 5% or more of voting shares to report acquisitions or disposals in order to disclose changes in control or potential control stemming from convertible securities.
•Such disclosure requirements are aligned with international standards and are crucial for investor decision-making, necessitating timely disclosure.
•The reporting process involves the reporter registering with the system, which then cross-references personal information with the Department of Provincial Administration's citizen registration database for initial verification.
•Reporters must submit reports on the acquisition or disposal of securities within 3 business days from the date of the transaction.
•In the case of TRUE shareholders, the SEC found that the reporter had registered and the system had verified personal information with the Department of Provincial Administration's database as per procedure.
•The reporter has already submitted their report through the aforementioned system.
•The SEC is actively conducting an in-depth investigation into the accuracy of the reported share acquisition or disposal information.
•The SEC's in-depth investigation is a result of numerous doubts and concerns raised about the TRUE shareholding reports.

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Key Quotes

Anek Yu Yuen

"Regarding the verification of the accuracy of the acquisition or disposal of securities by the reporter in the said case, the SEC is currently conducting an in-depth investigation."

ในส่วนของการตรวจสอบความถูกต้องของข้อมูลการได้มาหรือจำหน่ายหลักทรัพย์ของผู้รายงานในกรณีดังกล่าว ก.ล.ต. อยู่ระหว่างดำเนินการตรวจสอบในเชิงลึก

Key Entities

Organization

SEC(ก.ล.ต.)ℹ️

The Securities and Exchange Commission, a regulatory body overseeing the securities market in Thailand, currently investigating the TRUE shareholding issue.

Office of the Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The official name for the SEC in Thailand, responsible for market regulation.

Department of Provincial Administration(กรมการปกครอง)

The government department responsible for maintaining the citizen registration database in Thailand, used by the SEC for verification.

TRUEℹ️

The company whose shareholding activities are currently under in-depth investigation by the SEC.

Person

Anek Yu Yuen(นายเอนก อยู่ยืน)

Deputy Secretary-General and Spokesperson for the SEC, providing official statements on the TRUE shareholding investigation.

Law

Section 246(มาตรา 246)

A legal provision requiring significant shareholders to report their acquisitions or disposals of securities.

Report 246-2(รายงาน 246-2)

The specific reporting system mandated by Section 246-2 for disclosures of securities acquisitions or disposals.