18
Nov
08:21
SET questions SSI results after UK bankruptcy debacle
Shares in Thailand’s Sahaviriya Steel Industries (SSI) stopped trading on the Stock Exchange of Thailand (SET) on Tuesday, Kallanish notes. This was after the company’s auditor was unable to express confidence in its financial statements for the period ending 30 September. The company had only just reported a massive THB 33.12 billion ($921 million) loss in Q3 on the back of the bankruptcy of its UK operation.
SSI shares will now be suspended un…
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Anonymous
Very good overview of the weekly steel market.
Anonymous