ABC ordered to explain 'odd activity' | Bangkok Post: business

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ABC ordered to explain 'odd activity'

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The Stock Exchange of Thailand is requiring Asset Bright Co (ABC) to clarify its second-quarter and first-half earnings by Friday. 

The bourse has cast doubt on an 87.3% decline in the company's first-half sales revenue to 7.05 million baht and an 87.3% surge in administrative expenses to 15.6 million, according to an SET statement.

ABC came under scrutiny after the SET suspended the stock's trading yesterday in the wake of a near-quadrupling in price to 8.20 baht over the six trading days from Aug 15-22.

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