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Singha Paratech in governance probe.
Bangkok Post (Bangkok, Thailand)
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November 08, 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: Nuntawun Polkuamdee
Nov. 8--The Stock Exchange of Thailand is preparing to sanction executives of Singha Paratech Plc for disclosure violations and poor corporate governance.
Suthichai Chitvanich, a SET executive vice-president, said Singha Paratech was also under investigation for possible insider trading and share manipulation.
Singha executives last month announced a strategic partnership with Westcoast International Co. Westcoast shareholder Tim Kitchen signed a memorandum of understanding with Singha president Somchit Bosereewong on Oct 21 to buy a 12.5 percent shareholding in Singha from interested parties at 14.50 baht per share. ...
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Source: HighBeam Research, Singha Paratech in governance probe.