THE TRUTH ABOUT: 3 | History Defined

Asian shares fall as rate-hike bets increase

RECAP: Asian stocks slid yesterday to cap a busy first week of the quarter for financial markets, with the dollar standing tall and bonds tumbling as resilient US jobs data has investors bracing for interest rates to head higher still.

Bangkok Post · Jul 7, 2023

SEC files charges against Stark Corp for misconduct

The Securities and Exchange Commission (SEC) has filed charges with the Department of Special Investigation (DSI), accusing Stark Corporation and nine others, including the company's largest shareholder, of financial misconduct.

Bangkok Post · Jul 6, 2023

Stark faces 11,000 shareholder complaints

About 11,000 individual shareholders through their representatives have joined the Securities and Exchange Commission (SEC) in filing complaints against Stark Corp Plc and its former executives for fraud related to falsified financial statements.

Bangkok Post · Jul 6, 2023

Stark mulls major moves to retain listed status

Financially ailing Stark Corporation is considering filing for court-supervised capital and debt restructuring, divesting shares in non-core subsidiaries, and increasing registered capital in order to retain its status as a listed company.

Bangkok Post · Jun 29, 2023

Debt-stricken Stark seeks way to avoid delisting

Stark Corporation Public Company Limited, the Thai industrial cable maker at the centre of an accounting scandal and debt default that rattled financial markets, plans to restructure its debt to stave off a forced delisting.

Bangkok Post · Jun 29, 2023

Stark Corp fraud damage may reach B100bn, says DSI

The Department of Special Investigation has impounded assets worth 100 million baht from listed wire and cable manufacturer Stark Corp and suspects total damage in the alleged fraud could reach 100 billion baht.

Bangkok Post · Jun 28, 2023

SEC warns of prison time for Stark fraudsters

Members of the management team and others involved in the fraud surrounding Stark Corporation (STARK) could face up to 10 years in prison if found guilty, the Securities and Exchange Commission (SEC) said on Monday, as it tried to restore confidence in the Thai capital market.

Bangkok Post · Jun 26, 2023

Don't drag feet on Stark

The Department of Special Investigation (DSI) agreed last Thursday to investigate SET-listed Stark Corporation Plc for fraud committed by its former executives, which resulted in the loss of billions of baht.

Bangkok Post · Jun 25, 2023

A 99% stock crash and shock default raise alarm

Only a year ago Stark Corporation looked like a Thai corporate success story. Backed by a wealthy local businessman, the nearly US$2 billion maker of electrical cables was an aggressive acquirer making its first major push beyond Asia.

Bangkok Post · Jun 23, 2023

DSI agrees to look into Stark's finances

The Department of Special Investigation (DSI) has agreed to investigate Stark Corporation over suspicions of fraud by its former executives, which came to light after the publicly listed wire and cable maker failed to submit its financial statements in time as required by law.

Bangkok Post · Jun 23, 2023