Thai green energy producer shares halve after fraud allegation - Nikkei Asia

Quick Summary:

Regulators say Energy Absolute CEO, CFO committed $94.

Energy Absolute, a leader in Thailand's renewable energy market, also makes electric vehicles for public transportation, lithium-ion batteries, and builds charging stations.

Energy Absolute shares were suspended from trading on Monday afternoon by the Stock Exchange of Thailand, but the ban was lifted Tuesday morning.They traded at 6.40 baht at one point on Wednesday, roughly half their value at Friday's closing.

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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceBusiness

Markets: JapanThailand

Topics: Content Renewable Wednesday Energy Thailand Exchange Nikkei Tuesday Absolute Shares Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 02:47:00 (1 days ago)

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Article Length: 158 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Nikkei Asia

News ID: 21665997

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