SET calls on investors to scrutinise NUSA information

The Stock Exchange of Thailand (SET) is urging investors to carefully study and monitor Nusasiri Plc’s (NUSA) information since the additional investment in Wind Energy Holding Co (WEH) is considered a backdoor listing that must be pursued in accordance with related regulations.

The bourse’s warning was made after the Securities and Exchange Commission (SEC) instructed the real estate developer to clarify its investment in WEH.

According to the SET, NUSA’s board of directors approved the company’s acquisition of WEH shares for nearly 11.75 billion baht. NUSA will issue new shares and offer them to Thana Power One Co to pay for the transaction.

On Monday, the SEC called on NUSA to clarify and adjust…