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Tuesday, April 30, 2024

Thai SEC urged to tackle Stark’s negative shareholder equity, boost investor trust

Photo courtesy of Stark Corporation

Finance Minister Arkhom Termpittayapaisith urged the Securities and Exchange Commission (SEC) to address Stark Corporation’s negative shareholder equity issue to safeguard investors’ interests and bolster confidence in the market.

Arkhom held discussions with the SEC’s secretary-general about the stock issue and encouraged the regulator to utilise available tools to boost investor trust in the market. He said…

“It is crucial to establish measures that protect investors, in line with the SEC’s functions of development and oversight of the securities market and businesses.”

During an SEC conference on the future of capital markets, Arkhom highlighted the significant role played by the International Organization of Securities Commissions (IOSCO) in establishing globally accepted standards for shareholder equity securities and futures…

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