SET maintains SP sign for ECF over negative equity and delisting risk

Prachachat•Economy•10h ago

Reader Briefing

The Stock Exchange of Thailand has maintained suspension signs on ECF shares due to negative shareholders' equity and a lack of auditor opinion on financial statements.

•The Stock Exchange of Thailand maintained SP and NC signs for ECF shares.
•ECF's 2025 annual financial statements show shareholders' equity is negative 421 million baht.
•The Stock Exchange of Thailand applied the SP sign on September 16, 2026, because the auditor did not express an opinion on the financial statements.
•A conclusion regarding additional reasons for potential delisting is expected by September 24, 2026.

Overview

•The Stock Exchange of Thailand is maintaining SP (Suspension) and NC (Non-Compliance) signs for ECF shares.
•ECF reported negative shareholders' equity of 421 million baht in the 2025 annual financial statements.
•ECF is already considered for potential delisting due to the delayed submission of financial statements.
•The Stock Exchange of Thailand applied the SP sign to ECF shares on September 16, 2026, to allow investors to study the auditor's opinion and financial notes.
•The SP sign was applied because the auditor did not express an opinion on the financial statements.
•The Stock Exchange of Thailand is considering additional grounds for potential delisting, with a conclusion expected by September 24, 2026.
•The Securities and Exchange Commission (SEC) may order ECF to correct its financial statements.

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Key Entities

Organization

Stock Exchange of Thailand(ตลาดหลักทรัพย์ฯ)ℹ️

The entity maintaining suspension signs and considering the delisting of ECF shares.

ECF

A company whose shares are under suspension and facing potential delisting due to negative equity and financial reporting issues.

Securities and Exchange Commission (SEC)(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ (ก.ล.ต.))

The regulator that may order ECF to correct its financial statements.