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Bangkok Post
Bangkok Post
Business

INSANE: More to proceed with capital increase | Vintage Vibes

More Return Plc (MORE) insisted on Tuesday it would continue with a plan to raise capital amid an ongoing investigation into suspicious transactions of its shares that prompted the Stock Exchange of Thailand (SET) to suspend trade of the stock last week.

In a filing to the SET, MORE said its chief executive Ummarit Klomchitcharoen confirmed he did not sell any shares.

Mr Ummarit provided clarification to government agencies on the transactions being probed and the company believes after the investigation is finished, investor confidence in the company will return, according to the statement.

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