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East Coast Furnitech Expects No Impact of Civil Action Against 12 Individuals

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East Coast Furnitech (BKK:ECF) said a civil enforcement action filed by Thailand's Securities and Exchange Commission against 12 individuals over alleged manipulation of the company's share price or trading volume has no impact on its business operations or financial position.

The company said it is reviewing the matter to determine an appropriate course of action.

The regulator is seeking the maximum civil sanctions against the 12 individuals, including monetary penalties, trading bans and prohibitions from serving as company directors or executives.

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