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THCOM suspended from margin trade

The Stock Exchange of Thailand (SET) has ordered margin trading involved in Thaicom Plc (THCOM) to be suspended from June 21st through July 9th period following across-the-broad speculations over the company’s common shares buyback scheme revealed last week by top policy maker in the Abisit’s administration.

The announcement became a focal point of discussion ripple throughout the week as an insiders’ information.

The SET last week announced to launch a share price manipulation probe in response.

The SET said in its statement that trade volume of Thaicom’s shares has skyrocketed surpass a ceiling for one-day trade permission.

The company’s share will be able to trade normally during the period on cash balance basis.

THCOM fell 0.25 baht or 3.85 percent on Friday to 6.25 baht with trade volume of 122 million baht.

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