The Stock Exchange of Thailand is preparing to sanction executives of Singha Paratech Plc for disclosure violations and poor corporate governance.
Suthichai Chitvanich, a SET executive vice-president, said Singha Paratech was also under investigation for possible insider trading and share manipulation.
Singha executives last month announced a strategic partnership with Westcoast International Co. Westcoast shareholder Tim Kitchen signed a memorandum of understanding with Singha president Somchit Bosereewong on Oct 21 to buy a 12.5% shareholding in Singha from interested parties at 14.50 baht per share.
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