No. 158 / 2014
Tuesday 28 October 2014
Bangkok, October 28, 2014 – The SEC revealed that the Settlement Committee imposed a total fine of 1,887,659.33 baht on Sumit Chanmatee and Satja Janetumnugul, as principal, for using inside information to purchase Rayong Purifier Plc. (presently known as RPCG Plc.) (RPC) shares for their own benefits, as well as Piyanuch Janetumnugul as aider and abettor in the scheme.
With the referral from the Stock Exchange of Thailand, the SEC’s probe found that during April 30 – May 10, 2012, Sumit and Satja had purchased 2,514,800 and 490,000 RPC shares, respectively, through securities trading accounts of intimates for their own benefits. The purchases were made in such a way that taking advantage of others by using non-public information material to RPC share price. The information, of which they learnt as RPC directors, was about RPC’s plan to pay interim dividend at 0.94 baht per share, higher than the dividend paid during the past five years. In the scheme, Piyanuch assisted Satja in making purchase orders and payment.
The said actions were in violation of Section 241 of the Securities and Exchange Act B.E. 2535 (1992). As they agreed to enter the settlement procedure, the Settlement Committee therefore imposed fines on Sumit 1,054,326 baht, Satja 500,000 baht and Piyanuch 333,333.33 baht.