Regulator orders TPL to clarify 3 critical issues by March 31

Quick Summary:

The Stock Exchange of Thailand (SET) has ordered Thai Parcels Plc (TPL) to clarify three critical issues by March 31, following auditors' observations regarding the use of funds from its initial public offering (IPO) for land acquisition and new business investments.

As disclosed in the IPO filing, TPL offered a total of 120 million shares, or 22.9% of its shares, at 3.30 baht per share.

Preliminary findings indicate that the landowner holds a 2.03% stake in TPL, raising questions about the relationship between the seller and the company.

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Article Details

Category: EconomyBusiness

Markets: ThailandChina

Topics: Company March Funds Plans Issue Shares Business Total Deposit Critical Land

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 04:00:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 27120792

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