STEC Falls 20% after 2 Executives Are Culpable in Wrongdoings of Khanom PP Bribery

As of 16:20 the share price of Sino-Thai Engineering and Construction Public Company Limited (STEC) has fallen to ฿14.40/share, plunged ฿3.50/share or 19.55%. The lowest share price as of now was ฿13.80/share and the highest was ฿18.20/share with a trading value of 3,285 million baht.

 

The National Anti‑Corruption Commission (NACC) has indicated culpability on four government officials for receiving the bribe amounting 20 million baht from Japanese company for cargo treatment in the construction of a power plant at Khanom district, Nakhon Si Thammarat Province.

Moreover, the NACC also indicated that two of Sino-Thai Engineering and Construction Public Company Limited (STEC)’s high executives are also culpable in this scheme by supporting the officials in the wrongdoing.