News Detail

Date/Time
26 Aug 2020 08:40:00
Headline
SET recommends the investors to monitor the information on the minority shareholders distribution of STARK
Symbol
STARK
Source
SET
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                SET recommends the investors to monitor the information on the minority  
shareholders distribution of STARK

As Stark Corporation Public Company Limited (STARK) was backdoor listed on the 
Stock Exchange of Thailand (SET) since July 25, 2019 and the Maybank Kim Eng
Securities (Thailand) Public Company Limited (MBKET) is a STARK's financial
advisor. STARK had an obligation to distribute its minority shareholders (Free
Float: FF) from 4.4%of the paid-up capital to 15%of the paid-up capital
according to the action plans and timeframe that STARK and MBKET jointly crated
and proposed to the SET including disclosed such action plan to investors
through SET's disclosure system.    

Due to Free Float is the important qualification of listed companies. During 
listed on the SET,
the listed company has to maintain the said qualification, however, STARK is not
able to resolve the said qualification according to the action plans and
timeframe which previously informed to the SET. Therefore, SET requests STARK
and STARK's Board of Directors to urgently resolved the company's qualifications
 to comply with the SET's regulations.
 
SET recommends the investors to monitor STARK's Free Float as an additional 
information for further investment decisions.

August 26, 2020
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