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Jun. 7--The Securities and Exchange Commission has ordered the listed restaurant operator Daidomon Group to revise its financial statements for 2002 and the first quarter of 2003.
Securities regulators said revenues received from trade credits had been incorrectly booked by the company in violation of the SEC Act.
In the fourth quarter of 2002, Daidomon was found to have received 30 million baht as compensation from a beverage distributor. Within five years each outlet operated by the company would distribute beverages from the unnamed distributor, the SEC said.
The sum received was booked as fourth-quarter profits, representing 96 percent of ...