Technology Distributors

The Securities and Exchange Commission, or SEC, announced civil penalty action against eight wrongdoers for jointly creating price or trading volume in the warrants to purchase ordinary shares of Simat Technologies Public Company Limited, or SIMAT-W3, and the shares of Thai NDT Public Company Limited, or TNDT. The eight were ordered to pay a total of 39,340,932.73 baht under civil sanctions, along with bans on trading securities and derivatives and on serving as directors or executives of securities-issuing companies or securities firms. The eight defendants are Mr. Khajornkiat Ungaram, Miss Raphatporn Trongwongsa, Mr. Kraiwit Tangsanga, Miss Wariya Khemthongpradit, Mr. Thanapon Khemthongpradit, Mr. Sitthapavee Chawarangkoon, Mr. Naruesorn Weerachatwattana, and Miss Kannika Jarupan. The SEC received information from the Stock Exchange of Thailand and, on further investigation, found that between May and August 2021 the eight wrongdoers, who were linked financially and personally, continuously placed buy and sell orders in a manner that was coordinated and mutually supportive, causing the price and trading volume of SIMAT-W3 and TNDT shares to rise abnormally beyond normal market conditions. The conduct was divided into four periods. The first period, from 31 May 2021 to 7 June 2021, involved seven wrongdoers. The second period, from 15 June 2021 to 28 June 2021, involved eight wrongdoers. The third period, from 2 June 2021 to 10 June 2021, involved eight wrongdoers. The fourth period, from 23 June 2021 to 9 August 2021, involved eight wrongdoers. The Civil Sanctions Consideration Committee resolved to apply civil sanctions. The defendant Miss Raphatporn must pay a total of up to 14,243,708.18 baht and is banned from trading securities or derivatives for 56 months and from serving as a director or executive for 112 months. Miss Wariya received the longest trading ban at 84 months and a 168-month, or 14-year, ban on serving as a director or executive, the longest ban in this case. The civil fines and compensation for benefits obtained from the wrongdoing are state revenue remitted to the Ministry of Finance.

The SEC announced civil penalty proceedings against 8 offenders for jointly creating price or trading volume in the warrants to purchase ordinary shares of Simat Technologies Public Company Limited, or SIMAT-W3, and shares of Thai NDT Public Company Limited, or TNDT. The total civil penalty payment ordered amounts to 39,340,932.73 baht, along with prohibitions on trading securities and derivatives and on serving as a director or executive of a securities issuer or securities company. The 8 offenders are Mr. Kajornkiat Ungaram, Miss Raphatporn Trongwongsa, Mr. Kraiwit Tangsanga, Miss Wariya Khemthongpradit, Mr. Thanapon Khemthongpradit, Mr. Sittapavee Chawarangkoon, Mr. Naruesorn Weerachartwattana, and Miss Kannika Jarupan, who are linked both financially and personally. The investigation found continuous coordinated and mutually supportive trading orders across 4 periods between May and August 2021. Period 1, from 31 May 2021 to 7 June 2021, involved 7 offenders manipulating the price of SIMAT-W3. Period 2, from 15 June 2021 to 28 June 2021, involved 8 offenders manipulating the price of SIMAT-W3. Period 3, from 2 June 2021 to 10 June 2021, involved 8 offenders manipulating the price of TNDT shares. Period 4, from 23 June 2021 to 9 August 2021, involved 8 offenders manipulating the price of TNDT shares. The Civil Penalty Consideration Committee resolved to apply civil penalties to all 8 offenders, comprising civil fines, disgorgement of benefits received or expected to be received, reimbursement of the SEC's investigation expenses, and prohibitions on trading securities or derivatives and on serving as a director or executive of a securities issuer or securities company. Miss Raphatporn faces the highest total of 14,243,708.18 baht, a 56-month trading ban, and a 112-month director and executive ban. Next is Mr. Kraiwit with 10,276,246.47 baht, a 42-month trading ban, and an 84-month director and executive ban. Mr. Kajornkiat faces 3,999,535.18 baht, a 56-month trading ban, and a 112-month director and executive ban. Miss Wariya faces 2,210,295.18 baht, an 84-month trading ban, and a 168-month director and executive ban. Mr. Sittapavee faces 2,184,773.18 baht, Mr. Naruesorn 2,168,699.18 baht, Miss Kannika 2,139,997.18 baht, and Mr. Thanapon 2,117,678.18 baht, with all four receiving a 56-month trading ban and a 112-month director and executive ban. These measures will take effect as specified in the consent records signed by the offenders. If they do not consent, the SEC will request the public prosecutor to file a case with the Civil Court to impose civil penalties at the maximum rate prescribed by law, but not lower than the rate set by the Civil Penalty Consideration Committee. The civil fines and disgorgement payments are state revenue remitted to the Ministry of Finance.

The Securities and Exchange Commission, or SEC, disclosed that its Civil Sanction Consideration Committee resolved to impose civil sanctions on eight wrongdoers who together created prices for SIMAT-W3 securities and TNDT shares between May and August 2021. The eight wrongdoers are Mr. Khajornkiat Ungaram, Miss Raphatporn Trongwongsa, Mr. Kraiwit Tangsanga, Miss Wariya Khemthongpradit, Mr. Thanapon Khemthongpradit, Mr. Sittapavee Chawarangkoon, Mr. Naruesorn Weerachartwattana, and Miss Kannika Jarupan. The conduct was divided into four incident periods, with the first and second involving the creation of prices for SIMAT-W3 securities and the third and fourth involving the creation of prices for TNDT shares. The wrongdoers continuously placed matching and mutually supporting buy and sell orders, matched trades among themselves, held buy or sell orders to prevent prices from falling, and split buy and sell orders into lots of thousands to tens of thousands of shares to create the appearance of heavy trading demand and mislead investors. The eight wrongdoers must pay civil fines, compensate an amount equal to the benefits received or that should have been received, and reimburse the SEC's expenses, totaling 39,340,933.03 baht. Mr. Khajornkiat pays 3,999,535.18 baht, Miss Raphatporn pays 14,243,708.18 baht, Mr. Kraiwit pays 10,276,246.47 baht, Miss Wariya pays 2,210,295.18 baht, Mr. Thanapon pays 2,117,678.18 baht, Mr. Sittapavee pays 2,184,773.18 baht, Mr. Naruesorn pays 2,168,699.18 baht, and Miss Kannika pays 2,139,997.18 baht. They are also banned from trading securities or derivatives for 42 to 84 months and banned from serving as directors or executives of securities-issuing companies or securities companies for 84 to 168 months, depending on the individual. The measures will take effect under the consent records for compliance with civil sanctions signed by the wrongdoers. If they do not consent, the SEC will ask public prosecutors to file a case with the Civil Court to impose civil sanctions at the maximum rate prescribed by law. The civil fines and compensation for benefits are state revenue to be remitted to the Ministry of Finance.

The Securities and Exchange Commission (SEC) has imposed civil penalties on eight individuals for jointly creating price or trading volume in the warrants to purchase ordinary shares of Simat Technologies Public Company Limited, or SIMAT-W3, and shares of Thai NDT Public Company Limited, or TNDT. The total amount ordered under the civil penalty measures is 39,340,932.73 baht, along with prohibitions on trading securities and derivatives and on serving as a director or executive of a securities issuer or securities company. The eight individuals are Mr. Khajornkiat Ungaram, Ms. Rapatporn Trongwongsa, Mr. Kraiwit Tangsanga, Ms. Wariya Khemthongpradit, Mr. Thanapon Khemthongpradit, Mr. Sittapavee Chawarangkoon, Mr. Naruesorn Weerachartwattana, and Ms. Kannika Jarupan, who are linked both financially and personally. The SEC's investigation, following information from the Stock Exchange of Thailand, found continuous coordinated and mutually supportive trading orders across four periods between May and August 2021. The first period, from May 31 to June 7, 2021, involved seven offenders, while the second period, from June 15 to June 28, 2021, along with the third period, from June 2 to June 10, 2021, and the fourth period, from June 23 to August 9, 2021, involved all eight. The actions constitute the offense of securities price manipulation under Section 244/3(1)(2) in conjunction with Section 244/5 of the Securities and Exchange Act B.E. 2535, together with Section 83 of the Criminal Code. The Civil Penalty Consideration Committee resolved to impose civil fines, disgorgement of benefits received or that should have been received, and reimbursement of the SEC's expenses. Of the total, Ms. Rapatporn must pay the most at 14,243,708.18 baht, followed by Mr. Kraiwit at 10,276,246.47 baht and Mr. Khajornkiat at 3,999,535.18 baht, while the remaining five each pay just over 2.1 to 2.2 million baht. The trading prohibitions on securities or derivatives range from 42 to 84 months, and the bans on serving as a director or executive range from 84 to 168 months. If the offenders do not consent, the SEC will ask prosecutors to file a case with the Civil Court to impose civil penalties at the maximum rate prescribed by law. The fines and disgorgement payments are state revenue remitted to the Ministry of Finance.

The Securities and Exchange Commission, or SEC, announced civil penalty proceedings against 8 offenders for jointly creating price or trading volume in the warrants to purchase ordinary shares of Simat Technologies, or SIMAT-W3, and shares of Thai NDT, or TNDT. They were ordered to pay civil penalties totaling 39,340,932.73 baht, along with bans on trading securities and derivatives and bans on serving as directors or executives of securities-issuing companies or securities companies. The 8 offenders are Mr. Khajornkiat Ungaram, Miss Raphatporn Trongwongsa, Mr. Kraiwit Tangsanga, Miss Wariya Khemthongpradit, Mr. Thanapon Khemthongpradit, Mr. Sittapavee Chawarangkoon, Mr. Naruesorn Weerachatwattana, and Miss Kannika Jarupan, who are linked both financially and personally. The investigation found they jointly placed buy and sell orders in a manner that was coordinated and mutually supportive on a continuous basis, causing the price and trading volume of SIMAT-W3 and TNDT shares to rise abnormally beyond normal market conditions, across 4 incident periods between May and August 2021. The first and second periods involved manipulation of SIMAT-W3, while the third and fourth involved manipulation of TNDT shares. Among the 8 offenders, Miss Raphatporn must pay the highest amount at 14,243,708.18 baht, followed by Mr. Kraiwit at 10,276,246.47 baht, while the rest pay between 2.1 million and just over 4 million baht each. They were banned from trading securities or derivatives for 42 to 84 months and banned from serving as directors or executives for 84 to 168 months. The civil fines and compensation for benefits gained from the offenses are considered state revenue to be remitted to the Ministry of Finance.

TWZ Corporation Public Company Limited, or TWZ, disclosed that it was affected by a single trade debtor with liquidity constraints that was unable to pay for goods on schedule, forcing it to recognise an expected credit loss of 74.06 million baht in the second quarter of 2026. That loss represents approximately 14.21% of second-quarter 2026 operating revenue of 519.40 million baht, and about 57.89% of the loss attributable to shareholders of the parent company in the second quarter of 2026, which stood at 127.53 million baht. For the first six months of 2026, the company recorded operating revenue of 1,064.83 million baht and a loss attributable to shareholders of the parent company of 161.09 million baht, with the credit loss accounting for roughly 6.96% of operating revenue and 45.98% of the six-month loss. The company stated that this debtor had purchased goods on a lump-sum basis according to the scope of work and paid for goods by instalment cheques, before requesting an extension of the repayment period. Previously, the company had also been affected by two other trade debtors whose cases are under litigation, reducing its working capital and forcing it to seek extended repayment periods with financial institutions. As for remedial measures, the company has entered into a compromise agreement with the debtor requiring the existing debt to be repaid in instalments over a one-year period, along with requiring the debtor to post collateral at an appropriate level for future purchases of goods. It will also tighten credit approval and step up follow-up on overdue debtors. The company's board of directors and audit committee have acknowledged these matters and instructed management to closely accelerate debt collection, and the company will disclose any material progress to the Stock Exchange of Thailand in accordance with relevant regulations.

Ingram Micro shares slipped 8.2% in after-hours trading Tuesday after its principal stockholder priced a secondary offering of 13.125 million shares at $27.25 per share. The shares are being sold by Ingram Holdco, an affiliate of Platinum Equity, and Ingram Micro will not receive any proceeds from the offering. Underwriters have a 30-day option to purchase up to an additional 1.969 million shares at the offering price, less discounts. Separately, the company authorized a concurrent repurchase of 625,000 shares from the underwriter at the same price, totaling about $17.0 million, to be funded with cash on hand. The offering is expected to close on or about September 10.