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SEC encourages listed companies to disclose effects of COVID-19 on the companies for the interest of investors.



Thursday 14 May 2020 | No. 95 / 2020


Bangkok, Thursday 14 May 2020 - SEC issued circular letters, dated 12 May 2020, to every listed company and security issuer to give a guideline on disclosing information regarding effects of the outbreak of Coronavirus Disease 2019 (COVID-19) on the company, in order for investors to monitor information relating to the operations of listed companies for investment decision-making.

SEC revealed that, under the situation of the outbreak of COVID-19 which has impacted the business operations, the financial positions and the performance of listed companies and security issuers, and the trading prices of securities of listed companies on the Stock Exchange of Thailand. SEC, therefore, encouraged every listed company and security issuer  to disclose both positive and positive effects of COVID-19 on the company. This information could be disclosed via different channels, including financial statements, in order that investors will be informed of important information for monitoring the business operations and for a proper investment making-decision in a reasonable period of time. In addition, SEC has issued a guideline on information disclosure for listed companies’ consideration in disclosing this information to investors.  

In addition, in view of the due date for submission of the financial statements of the first quarter of 2020, ending 31 March
2020 (due on 15 May 2020), if a listed company cannot submit its financial statement to SEC due to COVID-19 and wishes to extend the submission of financial statements, the company shall comply with the requirements of the Notification of the Office of Securities and Exchange Commission No. SorJor. 31/2563 dated 27 March 2020. It shall, also, clearly disclose the events that cause obstacles or limitation to its operations or to material information access, and submit the letter requesting a relaxation to SEC by 14 May 2020. For the companies that have already been granted relaxation on submission of financial statements, they shall disclose effects of COVID-19 on the company in accordance with the guideline.  

  

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