According to the announcement of the Stock Exchange of Thailand (SET) that Max Metal Coporation Public Company Limited (MAX) is subject to possible delisting from failure to submit the financial statements of the year 2020 and the financial statements of Q1-Q2/2021 within specified periods. Currently, MAX has already submitted the financial statements of the year 2020 to SET. Therefore, SET announces that MAX has entered the period for the repossession of qualifications in order to resume trading (Resume Stage) which MAX must take actions to repossess the qualifications in order to resume trading within February 27, 2023*. If MAX is unable to repossess the qualifications in order to resume trading within specified periods, SET may consider delisting the company's securities accordingly. However, MAX is still during the period for the elimination of the grounds for delisting from the failure to submit the financial statements of Q1-Q2/2021 within specified periods. Consequently, MAX still has duty to eliminate all causes of delisting, including to repossess the qualifications in order to resume trading within specified periods for each cause. In addition, the timeline for MAX is summarized as follows; - Failure to submit the financial statements of Q1/2021 : The company must eliminate the ground for delisting within November 17, 2022. - Failure to submit the financial statements of Q2/2021 : The company must eliminate the ground for delisting within February 17, 2023. - The repossession of qualifications in order to resume trading (Resume Trading) : The company must repossess the qualifications within February 27, 2023 .................................................................. *Criteria for trading resumption as follows: 1) The company must submit the financial statements on 2 consecutive periods within the specified periods after the submitting all late financial statements; and 2) The auditor's report of the financial statements as follow 1) shall not be one of the following types: - The auditor proposes a qualified opinion that there is defect in the internal control system or incomplete accounting system, or the listed company has failed to comply with the generally accepted accounting principle. - The auditor issues a disclaimer opinion on the financial statements in case the scope of auditor is limit by an act or omission of the company or management. - The auditor issues an adverse opinion on the financial statements. ______________________________________________________________________
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Max Metal Corporation pcl published this content on 24 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 01:57:06 UTC.