CP All official sold shares before unveiling

Quick Summary:

Korsak Chairasmisak, vice-chairman of CP All (CPALL), sold a big lot of shares of the convenience store operator shortly before CP Axtra (CPAXT) announced its multi-billion-baht investment in a real estate project, resulting in a plunge of both companies' share prices.

CP Axtra clarified information about the Happitat project via the SET's electronic system on Monday.

The issue of investment links in related businesses in the same group of companies will be supervised by the SEC, said Mr Asadej.

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Article Details

Category: EconomyBusiness

Markets: ThailandNetherlands

Topics: Investors Baht Project Shares Price Cpaxt Investment Axtra Cpall Korsak Sold

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 05:43:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 348 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 24523306

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