Due to the abnormal trading of shares in More Return pcl (MORE) on November 10, 2022, The Stock Exchange of Thailand (SET) previously alerted investors to be more cautious in trading MORE stock and asked the company to explain the incident. SET also urged brokers to impose additional measures to monitor trading MORE stock.
Thereafter, SET has consulted with brokers and the relevant regulators, namely, Anti-Money Laundering Office (AMLO) and the Securities and Exchange Commission (SEC) in order to investigate such abnormal trading of MORE stock, which might affect certain brokers. The potential impact, however, could vary depending on the size and volume transacted through that broker. Currently, all brokers could provide their services to investors as usual. In addition, it is confirmed that clearing and settlement of trading transactions among all brokers and Thailand Clearing House (TCH), as the central counterparty (CCP), will continue to operate normally.
As it appeared to have lots of news about MORE stock during the past weekend, which might be inaccurate and cause investors confused during the past few days, SET deems it appropriate to suspend trading of MORE stock on November 14, 2022, so as to provide investors the opportunities to get more and correct information about MORE stock.
