Court to treat Stark Corporation’s fraud case as a class action

13 Sept 08:28 Key points summarised by AI

The Bangkok South Civil Court classified the fraud lawsuit against former executives of Stark Corporation as a class action.
The lawsuit, filed by three plaintiffs, accuses former executives of defrauding approximately 4,500 shareholders, with estimated losses of 9.2 billion baht.
The court deemed the lead plaintiffs and their lawyer capable of representing the interests of all affected shareholders.
A separate petition to merge another lawsuit with the class action was rejected by the court.
Stark Corporation's severe financial troubles, including multiple share trading suspensions, led to significant losses for investors, forming the basis of the fraud case.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Yesterday 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).