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The Latest Breaking News from Stark

Stark asks for more time for special audit report

Stark Corporation has asked the Securities and Exchange Commission (SEC) to delay the deadline for the submission of its special audit report by another 30 days from Friday, but indicated it is prepared to file its 2022 financial statement on July 16, as required by the regulator.

Bangkok Post

Stark enters arbitration with 2 firms

SET-listed Stark Corporation is entering an arbitration dispute with German firms Leoni AG and Leoni Bordnetz-Systeme GmbH, which claim €608 million from the company, citing a violation of their sales and purchase agreement.

Bangkok Post

SET orders progress update on Stark reports

The Stock Exchange of Thailand (SET) has told Stark Corporation to clarify its progress regarding preparation of its 2022 financial statement and a special audit report, as well as issues surrounding the company's bond payment defaults.

Bangkok Post

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Stark case puts spotlight on mutual fund managers

The Association of Investment Management Companies (AIMC) tried to assure investors yesterday about the selection process of mutual funds that held shares in Stark Corporation (STARK), saying the funds follow international standards when making investment decisions.

Bangkok Post

SEC issues facts on bond investment

As Stark Corporation is projected to potentially default on the payment of bonds worth nearly 9.2 billion baht, the Securities and Exchange Commission (SEC) has released guidelines for investors to track damages.

Bangkok Post

Class action law to be used to protect Stark investors

The Stock Exchange of Thailand (SET) and the Association of Investment Management Companies (AIMC) are preparing to use class action law to protect investors' interests as the Department of Special Investigation (DSI) probes potential fraud among former executives of Stark Corporation.

Bangkok Post

Stark warning over potential bond default

Stock market regulators yesterday warned investors to exercise caution in trading shares of Stark Corporation, saying the listed wire and cable maker is likely to default on payment of corporate bonds worth nearly 9.2 billion baht.

Bangkok Post

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Stark provides update as share trade resumes

Stark Corporation (STARK) has reassured the Stock Exchange of Thailand (SET) and its shareholders management is ready to take any necessary action to protect the interests of shareholders in managing risks associated with the company's potentially improper transactions.

Bangkok Post

Stark shares return from SET suspension for one month

Shares of Stark Corporation (STARK) return to trade for a period of one month starting on Thursday for cash accounts, but the suspension (SP) sign will be reposted on the stock from July 1 if the company fails to submit its complete financial statements by that date, says the Stock…

Bangkok Post

SET slaps warning on Stark shares

The Stock Exchange of Thailand (SET) plans to assign the "C" (caution) sign to shares of Stark Corporation today after the Securities and Exchange Commission (SEC) ordered the company to clarify its financial data within seven days.

Bangkok Post

Jailed, deported and blacklisted: Qatar's outspoken World Cup guards

Andrew Maganga seized the chance to work as a World Cup security guard in Qatar last year, only to be fired along with some 200 others on the last day of the tournament, jailed for protesting over wages, and deported back to his native Kenya.

Reuters

Stark moves to reassure stakeholders over debt

Stark Corporation Plc has issued a statement to reassure its shareholders, bondholders and creditors, saying its operations are continuing as normal with a strong backlog of orders that could generate enough capital to service its financial liabilities.

Bangkok Post

Stark Future Delivers First Varg Electric Dirt Bikes To Customers

Spain-based electric mobility startup Stark Future announces the first batch of Varg electric dirt bike shipments to December, 2021, pre-order customers.

RideApart

Listed banks post 13% Q1 profit hike

Net profit for the banking industry grew 13% in the first quarter thanks to improving business operations, despite setting higher loan-loss provisions amid global economic risks.

Bangkok Post

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Bangkok Post

Shares of KBank, SCB plunge amid Stark issues

Shares of Kasikornbank (KBANK) and Siam Commercial Bank (SCB) fell sharply on Thursday as investors were concerned that Stark Corporation (STARK) may default on loan payments with both banks, say analysts.

RideApart

Royal Enfield Parent Company To Purchase Equity Stake In Stark Future

Eicher Motors Limited, which is Royal Enfield's parent company, just announced a new partnership with electric bike startup Stark Future. What's next?

Newcastle Herald

Changing the world, one brick at a time: Stark-raving mad about Lego

A mutual interest in Lego two years ago led Neville and Jacquie to form Stark Brick Builders.

RideApart

Stark Varg Electric Motocrosser Sells 1,000 Units In 24 Hours

Electric mobility startup Stark Future sells 1,000 units of its Stark Varg motorcrosser in 24 hours, netting the company $9M.

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