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Prayudh says report to SET 'filed in error': Thainox staff unclear on rules.

Bangkok Post (Bangkok, Thailand)

| March 02, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Busrin Treerapongpichit

Mar. 2--Prayudh Mahagitsiri, the founder and chief executive of Thainox Stainless Plc, has denied responsibility for investor confusion over his company's capital-raising plans, blaming company executives for a lack of clarity.

"We have been listed on the Stock Exchange of Thailand for only two months. Our staff remain unfamiliar with the procedures for complying with SET regulations," Mr Prayudh said at a news conference yesterday.

"We do not intend to raise our registered capital. What was in the statement :to the SET on Feb 17: regarding the issue was just a mistake made by inexperienced staff who submitted an ...

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Source: HighBeam Research, Prayudh says report to SET 'filed in error': Thainox staff unclear on...

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