Bangkok, Wednesday 22 August 2018 - SEC is advising the public to be cautious about the solicitation for investment with DB Hold Public Company Limited (DB Hold), which is not on the list of SEC-approved companies selling securities and/or digital tokens.
Following the tips from various sources to SEC, it has been found that DB Hold had been soliciting
people via social media to invest in newly issued shares alongside with products
that may be liable to be digital tokens. With a claim to be around 500 million
baht worth, these funds were said to be used for investing in several projects
such as a digital platform for exchanging goods and services that may involve
with electronic units named "DB coin" or "DB token",
blockchain systems and other businesses.
Those actions might be considered as persuading and issuing
newly issued securities and/or digital tokens of which are liable to be
approved by SEC. Therefore, investors are advised to be skeptical if being
solicited to invest with DB Hold. SEC has notified DB Hold to cease any actions
regarding these projects.
Information about SEC-approved
companies offering securities and/or digital tokens can be found at SEC's
website www.sec.or.th. Currently, there is no authorized digital token issuer
approved by the SEC. If investors are solicited to invest in digital tokens or find
some tips that may lead to illegal business schemes, please contact SEC Help
Center by calling 1207.