Tuesday, October 13, 2009

Solution Corner exec asked to clarify sale of shares

       The Stock Exchange of Thailand yesterday instructed Nitat Maneesilasan, a top executive and shareholder of Solution Corner (1998),to explain why he did not take any action to manage the company by informing share holders and investors without hesitation the complete information on his sale of his shares to investors.
       Nitat, as chairman and managing director, has the responsibility to safeguard tha rights of shareholders, even when he was the seller of shares in the company to Dirake Vongchinsri.
       This followed the company's filing on September 30 to the SET that it had received no contact from new investors after the SET asked if there was any news regadrding the company's takeover by the IT investor.
       But the company reported on September 29 that its major shareholders Nitat and Wantanee Maneesilasan,deputy managing director-had agreed to sell all their shares to Dirake. The company changed the buyer to three investors in information disseminated on Ocotober 1.
       Nitat and Wantancee hold a combined 65-per-cent stake of 32 million shares in the company.

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