PACE at Risk of Delisting as the Negative Equity and a Disclaimer of Opinion from Auditor

Pace Development Corporation Public Company Limited (PACE) is at risk of delisting from the Stock Exchange of Thailand (SET) due to negative equity.

 

The Stock Exchange of Thailand (SET) stated that SP sign was posted on PACE’s securities which could be subjected to possible delisting and posted SP, NP as auditor issues a disclaimer of opinion on financial statements of 2019.

Currently, SET is considering whether the company is subject to possible delisting because of negative equity and will determine this issue within 7 business days or within September 2, 2020.

As the company’s auditor issues a disclaimer of opinion on the financial statements of 2019, the SEC may require the company to amend the financial statements.