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SET orders CMO to explain information on consulting fee audit results

Bangkok, The Stock Exchange of Thailand (SET) asks CMO Public Company Limited (CMO) to explain guidelines for improving the internal control system. In the case of the results of the Special Audit according to the orders of the Securities and Exchange Commission (SEC) The Stock Exchange of Thailand (SET) asks the CMO to explain guidelines for improving internal control systems. In the case of the results of the Special Audit following the SEC's order, it was concluded that the company had paid consulting fees that could not be proven to have worked together with the company and that the expenses had been disbursed. which is not an expense of the company The total damage value is 25.55 million baht due to the relationship between the company's executives and the consulting company. It may indicate lack of care in management, which may cause financial loss to the company. This could also suggest that the former Assistant Chief Executive Officer was a financial beneficiary of the Group's inappropriate expenses . In this regard, information must be clarified through the information dissemination system of the Stock Exchange of Thailand by February 27, 2024, and investors are requested to study the special inspection report and follow the company's explanation. Source: Thai News Agency