Earlier, the Audit Committee of CMO had informed the SEC of the issues raised by the auditor from the audit of the company’s financial statements as follows: an irregular withdrawal of advance payment, a consulting payment without receiving service reports from the contracted party, and the reasonableness of the investment in purchasing additional shares of subsidiaries at the amount of 65 million baht from a juristic person whose shareholders have a close relationship with CMO directors. Such purchase was at a price higher than the book value of the investment.  

Therefore, the SEC, by virtue of Section 58 (3) of the Securities and Exchange Act B.E. 2535 (1992), has ordered CMO to arrange a special audit on such irregular transactions by the auditor of the company or any other auditor working for the same audit firm. The special audit report must be submitted to the SEC within 30 days as from 24 October 2023, and disclosed through the SET Electronic Listed Company Information Disclosure System as well. 

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