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Thai Stock Exchange Examines Shares in Financial Firm.
Jun. 1--The Stock Exchange of Thailand is looking into evidence concerning the irregular movement of share prices and volume in United Securities Plc.
If evidence indicated manipulation by individual investors, then a further investigation would be made, SET president Kittiratt Na Ranong said yesterday.
The SET has banned transactions in the company's shares through net settlement until June 13, saying prices and volume since May 13 had been irregular.
United Securities president Kulvat Janvatanavit said the company's stock had been active because of acquisitions by five major investors.
The firm on May 24 made a private placement of 15.31 ...
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Source: HighBeam Research, Thai Stock Exchange Examines Shares in Financial Firm.