SET revokes ALL-STARK-WORLD shares

The Stock Exchange of Thailand (SET) has withdrawn the securities of ALL STARK and WORLD from being listed securities and will temporarily allow trading of securities between 23 Aug - 2 Sep 67 by purchasing with a Cash Balance account. The Stock Exchange of Thailand (SET) has delisted the securities of All Inspire Development Public Company Limited (ALL), Stark Corporation Public Company Limited (STARK), and World Corporation Public Company Limited (WORLD) from being listed securities because the said companies are unable to take action to eliminate the grounds for delisting or to have the qualifications to return to trading within the period specified by the SET, which is a ground for delisting under the SET's regulation on delisting of listed securities. The grounds for delisting of each company are as follows: ALL The company was ordered by the court to be under asset protection, according to the Stock Exchange of Thailand's regulation on the delisting of listed securities B.E. 2564, Section 7 (10). ST ARK The delisting was due to the company disclosing false information in its financial statements, according to the Stock Exchange of Thailand's regulation on the delisting of listed securities B.E. 2564, Section 7 (3). WORLD The delisting was due to the company's shareholders' equity being less than zero and unable to qualify to resume trading (Resume Stage) within the period specified by the Stock Exchange of Thailand, according to the Stock Exchange of Thailand's regulation on the delisting of listed securities B.E. 2542, Sections 9 (6) (d) and 9 (15), respectively. The Stock Exchange of Thailand will allow trading of ALL STARK and WORLD securities for 7 business days before the effective date of the delisting, i.e., from August 23 to September 2, 2024, under the following criteria and conditions: ALL STARK and WORLD securities are purchased with a Cash Balance account, meaning the buyer must pay the full amount before purchasing the securities. The NC mark will be placed throughout the trading period to warn investors to exercise caution when trading securities. The maximum and minimum trading prices (Ceiling and Floor) of ALL STARK and WORLD securities on the first day of trading (August 23, 2024) are not specified. The Stock Exchange of Thailand will not include ALL securities in the calculation of the Market for Alternative Investment (mai) Index and will not include STARK and WORLD securities in the calculation of the Stock Exchange of Thailand (SET) Index. When the said period has expired, the Stock Exchange of Thailand will delist ALL STARK and WORLD securities from being listed securities, effective from September 3, 2024 onwards. The Stock Exchange of Thailand would like shareholders and investors to exercise caution in trading securities by studying the company's information in detail, such as financial status, operating results, auditor's opinion, major shareholders, board of directors, past news, etc., as well as risks and other related factors. In order to facilitate investors' access t o information, the Stock Exchange of Thailand has compiled preliminary information on the latest financial statements with auditor's opinion, and the latest annual information filing and annual report (Form 56-1 One Report). Source: Thai News Agency