SET put up SP sign for Jasmine International's shares

[webfact]

SET put up SP sign for Jasmine International's shares



BANGKOK: -- The Stock Exchange of Thailand (SET) Tuesday put up a SP sign for the shares of Jasmine International on the ground that the company’s clarification for the failure of its subsidiary, JAS Mobile, to meet the Monday’s deadline for the payment of the first installment of license fees was incomplete.

An informed SET source said that the SP notice would be lifted once Jasmine International has come up with full clarification to SET’s satisfaction.

SET has demanded Jasmine International to clarify on three points: Firstly, why JAS Mobile or JASMBB which is a subsidiary of Jasmine International did not abide by the contractual conditions regarding the installment payments?

Secondly, the damage which will or may render to JAS Mobile such as the guarantee money which may be confiscated and other damages to its business that Jasmine International may have to be held accountable.

And, thirdly, the impacts on the financial standing, business performance and operations of Jasmine International. According to Jasmine Internatioinal’s balance sheet for 2015, JAS Mobile was set up on August 21, 2015 with 350 million baht paid-up capital and with 302 million baht in borrowing from Jasmine International.

Source: http://englishnews.thaipbs.or.th/content/156308


-- Thai PBS 2016-03-23

[asdecas]

The idiots got carried away at auction. Not the first to have second thoughts and won't be the last, but they should suffer the consequences of their idiocy.

[maoro2013]

What's an SP sign?

[Langsuan Man]

What's an SP sign?

What does the "SP" sign mean?

The "SP" sign stands for SUSPENSION. SET will post an SP sign to stop trading in a listed stock temporarily for one or more trading sessions for the following reasons:

If a listed company does not comply with Set's regulations on information disclosure, the SP sign will replace the Notice Pending "NP" sign.

If a listed company does not adhere to Set's disclosure regulations, or if its share price changes for unknown reasons and the firm fails to provide an adequate explanation.

If a listed company fails to submit the required financial statements within five business days of the posting of the NP sign.

If a listed company fails to submit the required financial statements promptly on two consecutive occasions and still does not do so on the third occasion trading will be suspended in that stock.

If a listed company is waiting to be delisted or to resume operations and does not submit the required rehabilitation plan within the specified period of time.

[billd766]

What's an SP sign?

What does the "SP" sign mean?

The "SP" sign stands for SUSPENSION. SET will post an SP sign to stop trading in a listed stock temporarily for one or more trading sessions for the following reasons:

If a listed company does not comply with Set's regulations on information disclosure, the SP sign will replace the Notice Pending "NP" sign.

If a listed company does not adhere to Set's disclosure regulations, or if its share price changes for unknown reasons and the firm fails to provide an adequate explanation.

If a listed company fails to submit the required financial statements within five business days of the posting of the NP sign.

If a listed company fails to submit the required financial statements promptly on two consecutive occasions and still does not do so on the third occasion trading will be suspended in that stock.

If a listed company is waiting to be delisted or to resume operations and does not submit the required rehabilitation plan within the specified period of time.

Thank you for that explanation.

I did not know either.