TKN Clarifies Trading Alert List, Denying Rumor of an Investor Taking over the Company

TKN Clarifies Trading Alert List, Denying Rumor of an Investor Taking over the Company

Taokaenoi Food & Marketing Public Company Limited (TKN) clarified regarding the substantial change in the price and volume of the shares of the Company queried from the Stock Exchange of Thailand (SET) as follows: 

1. Is there any development or material information that is still in process of consideration and may disclose to the Stock Exchange of Thailand in the near future, for example, capital increase, joint venture, acquisition or disposition of assets or significant dispute which may affect an unusual trading pattern.

Whereas rumors appeared that an investor intends to take over Taokaenoi Food & Marketing Public Company Limited (TKN), the Company would like to clarify that the rumors relating to such investors is not true. However, the Company would like to inform investors that the business of the Company must grow in order to keep up with other competitors in the market and therefore the Company must prepare various business strategies, which includes exploring appropriate business alliances. In this regard, the Company has always considered various strategies but at present there is no clear progress.

Accordingly, the Company would advise all investors to exercise due care in making their investments. If the Company has further information pertaining to the matter, the Company will inform the Stock Exchange of Thailand as soon as practicable.

2. Are you aware of any other possible explanation for the trading?

The Company is not aware of any other factors which is the reason for the change in price of securities.

3. Any information that company would like to clarify

None.

TKN certified that the information contained in this report is true and complete in all respects.

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