"SP" and "NP" signs posted against LOXLEY

17 มิถุนายน 2547
"SP" and "NP" signs posted against LOXLEY There is information that the Securities and Exchange Commission (SEC) issued an instruction that LOXLEY is obliged to amend its financial statements for the year 2003 and quarter 1/2004 ending 31 December 2003 and 31 March 2004. This is because LOXLEY's subsidiary did not comply with the generally accepted accounting principles by recording the investment, which derived from loan receivables conversion, above its fair value and the revenue recognition of loss exceeding investment reversion which subsidiary had not previously recognized the mentioned loss. (Details on the SEC's news on 16 June 2004). Hence, the SET has posted the "SP"(suspension) sign for suspended trading on LOXLEY's securities on 17 June 2004 to enable general investors to have sufficient time to consider the above information as a whole and posted the "NP" (Notice pending) sign on 18 June 2004 henceforth until the company will submit its amended financial statements to the SET for dissemination .