Cases Settled by the Settlement Committee

No.
Meeting Date
Meeting No.
Order No.
Name of Offender
Section
Relevant Law
Summarized Facts
Press Release
Amount of Fines (Baht)
Remarks

1

30/01/2018 

1/2018 

1/2018 

PAE (Thailand) Public Company Limited 

56(1) in conjunction with 199 

SEC Act 

PAE (Thailand) Public Company Limited (?PAE?), a securities issuer, failed to prepare and submit the reviewed financial statements for Q2/2017 to the Stock Exchange of Thailand and the SEC Office within the period specified in the notification. Later, the reviewed financial statements for Q2/2017 were filed with the SET and the SEC Office. 

 

48,600.00  

 

2

30/01/2018 

1/2018 

2/2018 

Mr. Somporn Mangmee 

300 

SEC Act 

Mr. Somporn Mangmee, the chairman of the executive committee (acting) for the operation of PAE (Thailand) Public Company Limited (?PAE?), shall be liable for PAE?s failure to prepare and submit the reviewed financial statements for Q2/2017 within the period specified in the notification resulted from the instruction or the failure to give instruction which is a duty required to be performed. 

 

48,600.00  

 

3

30/01/2018 

1/2018 

3/2018 

Mr. Suraphong Triamchanchai 

246 

SEC Act 

Between 10 January 2014 to 2 March 2017 Mr. Suraphong Triamchanchai, the director and the managing director of Nippon Pack (Thailand) Public Company Limited (NPP) failed to report to the SEC Office the acquisition of NPP securities and NPP warrant (NPP-W1) which caused his aggregate holding of NPP shares or NPP-W1 reached or passed five percent of the total number of voting rights of NPP within the period specified in the notification of the Capital Market Supervisory Board for 6 times. He later filed the accurate reports (Form 246-2) to the SEC Office on 8 August, 2017.  

 

379,350.00  

 

4

30/01/2018 

1/2018 

3/2018 

Mr. Suraphong Triamchanchai 

59 

SEC Act 

Between 20 January 2017 to 29 May 2017 Mr. Suraphong Triamchanchai, the director and the managing director of Nippon Pack (Thailand) Public Company Limited (NPP) changed his holding of NPP securities for 27 times but failed to prepare and disclose all reports on changes in his holding to the SEC Office within the period specified in the notification of the Capital Market Supervisory Board. He later filed the accurate reports (Form 59-2) to the SEC Office on 8 August, 2017.  

 

267,500.00  

 

5

30/01/2018 

1/2018 

4/2018 

Mandawee Tour Co., Ltd. 

33 

SEC Act 

Mandawee Tour Co., Ltd. offer for sale newly issued securities in the category of debentures without having obtained an approval from the SEC Office. 

009/2018
 

500,000.00  

 

6

30/01/2018 

1/2018 

5/2018 

Mr. Prasit Jiewkok 

300 

SEC Act 

Mr. Prasit Jiewkok, a chief executive officer, responsible for the operation of Mandawee Tour Co., Ltd. shall be liable for Mandawee Tour Co., Ltd. offer for sale newly issued securities in the category of debentures without having obtained an approval from the SEC Office.  

009/2018
 

500,000.00  

 

7

21/02/2018 

2/2018 

6/2018 

Yarnapund Public Company Limited 

56 and 199 

SEC Act 

Yarnapund Public Company Limited (?YNP?), a securities issuer, failed to prepare and submit the financial report for the first half of the year 2017 to the Stock Exchange of Thailand and the SEC Office within the period specified in the notification. However, the financial report for the first half of the year 2016 were later filed with the SET and the SEC Office on December 26, 2017 and December 27, 2017, respectively. 

 

69,900.00  

 

8

21/02/2018 

2/2018 

7/2018 

Mr. Palits Phanpanit 

300 

SEC Act 

Mr. Palits Phanpanit, managing director, responsible for the operation of Yarnapund Public Company Limited (?YNP?), shall be liable for YNP?s failure to prepare and submit the financial report for the first half of the year 2017 within the specified period. 

 

69,900.00  

 

9

21/02/2018 

2/2018 

8/2018 

Mr. Pongkawin Jungrungruangkit 

300 

SEC Act 

Mr. Pongkawin Jungrungruangkit, Chairman, responsible for the operation of the International Engineering Public Company Limited (?IEC?), failed to supervise IEC to submit the financial statements for Q3/2017 within the specified period. 

 

193,800.00  

The amount of fines does not include daily fines starting from the day following the settlement date to the day the company properly complies with laws and regulations within the period set forth by the Settlement Committee. 

10

21/02/2018 

2/2018 

9/2018 

Inter Far East Energy Corporation Company Limited 

Section 57(6) 

SEC Act 

Inter Far East Energy Corporation Public Company Limited delayed in reporting to the SEC Office the defaults in Bill of Exchange and the default in the interest of bonds, these incidents which affect or likely to affect the rights and interests of securities holders or the decision-making on investment or the change in the securities price of the company. 

 

83,550.00  

 

11

21/02/2018 

2/2018 

10/2018 

Mr. Wichai Thavornwattanayong 

Section 57(6) 

SEC Act 

Mr. Wichai Thavornwattanayong, the Ex-Chairman responsible for the operation of Inter Far East Energy Corporation Company Limited (?IFEC?), was liable for IFEC?s failure to prepare and submit the defaults in Bill of Exchange and the default in the interest of bonds, these incidents which affects or is likely to affect the rights and interests of securities holders or the decision-making on investment or the change in the securities price of the company within specified period. 

 

42,900.00  

 

12

21/02/2018 

2/2018 

11/2018 

Kannithi Aviation Company Limited 

Section 57(6) 

SEC Act 

Kannithi Aviation Company Limited delayed in reporting to the SEC Office the defaults in bonds, these incidents which affect or likely to affect the rights and interests of securities holders or the decision-making on investment or the change in the securities price of the company. 

 

62,820.00  

 

13

28/03/2018 

3/2018 

12/2018 

News Network Corporation Public Company Limited 

33 

SEC Act 

News Network Corporation Public Company Limited (NEWS) offer for sale newly issued securities shares for a private placement without obtaining a prior approval from the SEC. 

29/2018
 

500,000.00  

 

14

28/03/2018 

3/2018 

13/2018 

Mr. Arak Ratboriharn 

300 

SEC Act 

Mr. Arak Ratboriharn, chief executive officer and authorized director responsible for the operation of News Network Corporation Public Company Limited shall be liable for News Network Corporation Public Company Limited offer for sale newly issued securities shares for a private placement without obtaining a prior approval from the SEC. 

29/2018
 

500,000.00  

 

15

28/03/2018 

3/2018 

14/2018 

Asia Wealth Securities Company Limited 

113 

SEC Act 

Between December 12, 2016 and December 27, 2017; Asia Wealth Securities Company Limited, as a securities broker, failed to comply with rules, conditions, and procedures specified in the notification of the Capital Market Supervisory Board by failing to put in place a sufficient and effective operating system to ensure that a person responsible for introducing services acknowledges and comprehends information relating to capital market products well and would be able to instruct them to a client; and failed to provide measures for preventing conflict of interests.  

 

456,000.00  

 

16

28/03/2018 

3/2018 

14/2018 

Asia Wealth Securities Company Limited 

113 

SEC Act 

Between December 12, 2016 and December 27, 2017; Asia Wealth Securities Company Limited, as a securities broker, failed to comply with rules, conditions, and procedures specified in the notification of the Capital Market Supervisory Board by putting in place an insufficient system for monitoring and supervising its investment consultants to perform duties regarding accepting trading orders and giving advices to the client correctly, thoroughly, reasonably and without being misleading. 

 

684,000.00  

 

17

28/03/2018 

3/2018 

15/2018 

Mr. Thaveechat Churanggool 

246 

SEC Act 

Between 22 March 2017 to 21 April 2017 Mr. Thaveechat Churanggool, failed to report to the SEC Office the acquisition of NOK Airlines Public Company Limited (?NOK?) securities which caused his aggregate holding of NOK shares reached or passed five percent of the total number of voting rights of NOK within the period specified in the notification of the Capital Market Supervisory Board. 

 

13,000.00  

 

18

18/04/2018 

4/2018 

16/2018 

Mr.Suphanan Rittiphairoj 

300 

SEC Act 

Mr. Suphanan Rittiphairoj, the Chief Executive Officer responsible for the operation of Inter Far East Energy Corporation Company Limited (?IFEC?), was liable for IFEC?s failure to prepare and submit the defaults in Bill of Exchange, incident which affects or is likely to affect the rights and interests of securities holders or the decision-making on investment or the change in the securities price of the company within a specified period. 

 

31,600.00  

 

19

18/04/2018 

4/2018 

17/2018 

Mr. Surachai Suwanthanakul 

246 

SEC Act 

Between 26 December 2014 to 2 April 2015 , Mr. Surachai Suwanthanakul acquired TAPAC shares by himself and through others, causing his aggregate shareholding in TAPAC shares to reach or pass a multiple of 5 percent of the total number of voting rights of TAPAC amount four times, but he failed to report the acquisition of such TAPAC shares to the SEC Office within a period specified in the notification of Securities and Exchange Commission. Later he submitted such reports (Form 246-2) to the SEC Office on 17 April 2018. 

 

664,750.00  

 

20

18/04/2018 

4/2018 

17/2018 

Mr. Surachai Suwanthanakul 

247 

SEC Act 

On 16 February, 2015, Mr. Surachai Suwanthanakul acquired shares of TAPACO Public Company Limited (TAPAC) by himself and through others, causing his aggregate shareholding in TAPAC shares to exceed trigger point at 25 percent of the total number of voting rights of TAPAC, but Mr. Surachai failed to comply with tender offer rules specified by the Capital Market Supervisory Board by virtue of Section 247 of the Securities and Exchange Act B.E. 2535 . 

 

1,570,000.00  

The amount of fines does not include daily fines starting from the day following settlement date to the day Mr. Surachai properly complies with law within the period set forth by Settlement Committee. 

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