Stock exchange warns traders: Tread carefully on OTO shares

Following irregular trading of One to One Contacts Plc (OTO) shares, the Stock Exchange of Thailand (SET) issued a warning for buyers to be cautious and look at info completely. OTO, which provides outsourced contact centre providers to government companies and companies, confronted a spike in buying and selling quantity, primarily concentrated among a few traders.
Previously placed underneath the Level 1 trading regulations on June 6 by SET, OTO’s share movement witnessed a decline earlier than the latest upswing on June 12-13. The change subsequently issued a press release advising investors to contemplate carefully earlier than trading in OTO stocks.
The SET also requested brokers and related authorities dealing with OTO securities to oversee trades and forestall any doubtlessly inappropriate trading orders, in accordance with the Securities and Exchange Act. OTO clarified in a submitting to the SET that the inventory value fluctuations do not impression the company’s operations.
In per week, the inventory price of OTO has reduced by fifty four.3%, according to SET. Kanawuthi Wattanadhirach, chairman of OTO’s executive committee and CEO, mentioned in a filing…
“If there are any developments that have an result on any of the company’s necessary business operations, we are going to notify traders and adhere to related rules.”
Furthermore, OTO announced Kanawuthi’s resignation, effective from July 1, with Bandit Sapianchai, the present deputy chairman, taking on. Bandit talked about that OTO had inked a cooperation settlement with Wave BCG, a Wave Exponential subsidiary concerned within the clear power enterprise, providing a full range of carbon credit score trading services.
With Psycho in adopting technologies to combat local weather change, OTO is trying to expand its venture into carbon credit and renewable energy businesses. Bandit additionally highlighted the company’s plan to grow investments in renewable energy power tasks to generate recurring income, which can assist its operating performance in 2023, reported Bangkok Post…

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