"In the past, Adkinson has been contacted by many interested groups, but they said Apex had too much registered capital and assets and that buyers would face high expenditures taking it over," he said.

"At this stage, a number of interested investors have expressed a desire to acquire Apex after the stock market picks up.

"Adkinson, however, has yet to select anyone. We expect a conclusion in the next month or two."

Adkinson will return money to Apex shareholders after the capital-reduction process is completed.

Meanwhile, Adkinson Securities' board has accepted the resignation of Weera Manakongtreecheep from his directorship, effective this past Tuesday.

The board has unanimously appointed Sim Hong Chye as a non-authorised director of the company, replacing Weera, and appointed Apar Kewkacha as an authorised director.

Sadawut said Weera left because he wanted to concentrate on his own business.