Fri, July 20, 2007 : Last updated 17:08 pm
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Home > Business > Areeya manipulators fined
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Areeya manipulators fined
The Securities and Exchange Commission on Wednesday imposed the fine totalling Bt29.35 million on nine persons found to have manipulated the share price of Areeya Property Plc.
The nine persons colluded to boost the share price of the property company, said the SEC which investigated the transactions during September 1-14, 2004.
One of them is Wiwat Laohapoonrungsee, who was fined Bt18 million. The Laohapoonrungsee family owns more than one fourth of the company's shares.
- The Nation
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