SET posts "SP" & "NP" signs on CMR, MANRIN, RAM, SKR because SEC instructs to amend F/S for Q1/2011
Sign posted
Subject : Suspend and Notice pending (SP and
NP) signs posted
Security Symbol
- CHIANG MAI RAM MEDICAL BUSINESS PUBLIC COMPANY LIMITED (CMR)
- THE MANDARIN HOTEL PUBLIC COMPANY LIMITED (MANRIN)
- RAMKHAMHAENG HOSPITAL PUBLIC COMPANY LIMITED (RAM)
- SIKARIN PUBLIC COMPANY LIMITED (SKR)
Sign posted : SP
Sign posted on (date) : 19-Jul-2011
Sign lifted on (date) : 20-Jul-2011
Sign posted : NP
Sign posted on (date) : 20-Jul-2011
Reason :
The SEC has instructed the company to amend its financial statements.
Remark :
The SET posts "SP" and "NP" signs on securities of CMR, MANRIN, RAM, SKR because
the SEC instructs to amend their financial statements for Q1/2011.
On 18 July 2011, the SEC has instructed Chiang Mai Ram Medical Business Public
Company Limited (CMR), The Mandarin Hotel Public Company Limited (MANRIN),
Ramkamhaeng Hospital Public Company Limited (RAM) and Sikarin Public Company
Limited (SKR)
to amend their quarterly financial statements ending 31 March 2011 and submit
the amended financial statements within 17 August 2011. This is due to the
auditors' report on such financial statements are qualified opinion that they
are not complied with generally accepted accounting principles. Such companies
do not record the obligations for employee benefits in accordance with Thai
Accounting Standards No.19 "Employee Benefits" which is effective from 1 January
2011 onwards. (Detail as shown in the SEC's news on 18 July 2011)
Therefore, the SET posts "SP" (Suspension) sign to suspend their trading of
securities from 19 July 2011. Their shareholders and investors can consider such
information with the auditor' report, the amount in financial statements and
the note of financial statements. Then, the SET will allow trading of such
securities and post "NP" (Notice Pending) sign from 20 July 2011 until such
companies submit the amended financial statements.
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