DDD clearing up the rumors about fake orders and investigation by the SEC, claiming the speculations untrue and unfounded.

Stocks and Financial Services Press Releases Friday July 20, 2018 16:33
Bangkok--20 Jul--The Way Communications

"Do Day Dream" denies the rumors about fake orders and its being investigated by the SEC. It insists that it always ensures strict compliance with rules and regulations and has in place its external auditor that is internationally recognized while foreseeing the purchase of additional shares at reasonable prices.

Mr. Piyawat Ratchapolsitte, Chief Financial Officer of Do Day Dream PLC. (DDD), the founder of Snail White skincare products, discloses that the Company would like to clarify untrue rumors appeared in the newspaper of which the content referred to the Company's being examined on fake orders and investigated by the Stock Exchange of Thailand (SET) and the Securities and Exchange Commission (SEC) together with the ability and audit work of the Company's auditor and the disposal of shares held by the majority shareholder.

The Company insists that it has never been investigated by the SET and SEC about fake orders and has strictly complied with all the rules and regulations of the SET and SEC while having in place the audits conducted by the Audit Committee and internal audit unit on a regularly basis and in accordance with the good corporate governance principles as guidelines for its business operations.

The Company has also developed revenue recognition criteria that properly meet international accounting standards and has been audited by the external auditor who is recognized at the international level. In addition, the Company has seen in recent years continuous growth in market share, based on the data from The Nielsen Company (Thailand) Ltd.

Regarding the issue of the disposal of stake held by the Company's majority shareholder, the Company would like to affirm that Mr. Sarawut Pornpatanarak, the Company's Chief Executive Officer (CEO), who is currently the Company's largest majority shareholder has never disposed of his stake. With strong confidence that Company has greater potential for continuous growth, he therefore intends to maintain his shareholding and seek opportunities to purchase additional shares at reasonable prices. In fact, Mr. Sarawut Pornpatanarak and his family hold a 68.62% share of the Company (Referring to the data on the registration book closing as of 12 March 2018).


Latest Press Release

Fitch Affirms Standard Chartered Bank (Thai) at #A-#; Outlook Stable

Fitch Ratings has affirmed Standard Chartered Bank (Thai) Public Company Limited's (SCBT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'A-' with a Stable Outlook. At the same time, the agency has affirmed SCBT's National...

Photo Release: KBank recognized as having the highest corporate brand value in the banking business category 2nd consecutive year

At Sukree Kaewcharoen Auditorium, the Stock Exchange of Thailand (SET), Ms. Kattiya Indaravijaya, KBank President, recently represented KBank to receive the "Thailand's Top Corporate Brand Values 2018" award in the banking business category from...

MicroBitcoin Open Source Community เซ็นสัญญากับสมาพันธ์แรงงานในเกาหลี เปิดโอกาสให้แรงงาน 1.5 ล้านคนได้ใช้เงินดิจิทัล

MicroBitcoin Open Source Community เซ็นสัญญากับสมาพันธ์แรงงาน Korea Association of Care Workers (KACW) เพื่อนำสกุลเงินดิจิทัล MicroBitcoin มาใช้ สัญญานี้ลงนามร่วมกันสามฝ่าย ได้แก่ MicroBitcoin Open Source Community, KACW และ Bluequotient...

MicroBitcoin Open Source Community Signs an Exclusive Contract with the Korea Association of Care Workers (KACW) to Expand its Usability to One and a Half Million Users

The MicroBitcoin Open Source Community has signed a contract with Korea Association of Care Workers (KACW) to adapt the MicroBitcoin blockchain network protocol. The trilateral contract was made between the MicroBitcoin Open Source Community, the Korea...

WICE establishes a joint-venture, EUROASIA TOTAL LOGISTICS, with its holding 40% of shares to provide cross-border transport services between China, Hong Kong

WICE establishes a joint-venture, "EUROASIA TOTAL LOGISTICS", with its holding 40% of shares to provide cross-border transport services between China, Hong Kong, and South East Asia with the expectation to achieve the first year's revenue at 200 million...

Related Topics