M.C.S. Steel Public Company Limited (MCS) has made an announcement today regarding the plummet of its share price from October 16 to October 20 for a total of 12.76%.
The company stated that it has no control of any shares trading engaged by its shareholder which is a part of the mechanism for the existing stock market and the company has no knowledge behind such an amount of trading occurring in such a short period of time by some of its shareholders at this time.
However, MCS made a statement to affirm its shareholders that the company will present a satisfactory result for 3Q operation as well as the whole fiscal year of 2020, then extended to 2021 with new projects will be announced in the next few months, combined with a huge amount of projects on hand.
As of 11:37 local time in Thailand (GMT+7) on October 21, 2020, the share price of MCS rose ฿0.50/share or 4.07% to ฿12.80/share with a trading value of 13.2 million baht.