Thailand Securities and Exchange Commission announced that it is investigating online media reports alleging that persons acting in concert may have taken control of a business by holding a majority of shares in a listed company that is the sole major shareholder of a securities company without making a required tender offer, and that another listed company may have been subject to a takeover. The SEC said it will proceed with legal action if it identifies wrongdoing or regulatory non-compliance. The regulator also pointed to an earlier case raised in the same news coverage where a foreign entity offered securities for sale in Thailand without permission in 2019, noting it issued a public warning that year and filed a criminal complaint in 2021, with the matter now under public prosecutor consideration. Other actions include criminal complaints against Bitazza Global, Bitazza and their executives for operating an unlicensed digital asset exchange, alongside an investor alert that access to the Bitazza Global platform will be blocked effective 22 March 2026. The SEC Board set deadlines for ERX Co., Ltd. to remedy a capital maintenance deficiency, referencing 12 February 2026 and an extended deadline of 30 March 2026, and the SEC also imposed civil sanctions on an offender for insider trading of BIG shares and ordered STELLA to disclose information on a related-party financial assistance transaction with Thana Power Holding Co., Ltd.

Original source View in tracker