Bangkok, The Stock Exchange has an announcement this morning. Investors are asked to study the financial statements of Global Service Center Public Company Limited or GSC. The Stock Exchange of Thailand asks GSC to clarify information in the financial statements for the year 2023.

The Stock Exchange of Thailand informed that the auditor expressed a qualified opinion in the case of being unable to find audit evidence of the group’s bank account of 70 million baht and had an observation in the case that the company received letters from 4 company directors in the month of September 2023, please stop doing Purchase of land and buildings worth 150 million baht and sale of investments in subsidiaries valued at 60 million baht.

However, in September and November 2023, the company made a transaction in which 4 directors wrote a request to suspend it and further clarified that it was in accordance with the resolution of the board of directors. Later, in the financial statements for the year 2023, there was a loss
from setting aside an allowance for loss from not being able to refund the deposit for purchasing land, 100 million baht, and a loss from selling investments in subsidiaries, 37 million baht, as a result. The company had a net loss of 118 million baht.

In this regard, information must be clarified through the information dissemination system of the Stock Exchange of Thailand by April 29, 2024, and investors are requested to study GSC’s financial statements and follow the company’s explanations.

Source: Thai News Agency