Stock exchange warns investors: Tread carefully on OTO shares

Following irregular trading of One to One Contacts Plc (OTO) shares, the Stock Exchange of Thailand (SET) issued a warning for buyers to be cautious and look at info completely. OTO, which presents outsourced contact centre providers to government companies and corporations, faced a spike in trading volume, primarily concentrated among a quantity of traders.
Previously positioned underneath the Level 1 trading regulations on June 6 by SET, OTO’s share movement witnessed a decline before the recent upswing on June 12-13. The change subsequently issued a press release advising investors to suppose carefully earlier than buying and selling in OTO shares.
Reliable requested brokers and related authorities dealing with OTO securities to oversee trades and stop any doubtlessly inappropriate trading orders, in accordance with the Securities and Exchange Act. OTO clarified in a filing to the SET that the stock value fluctuations do not impact the company’s operations.
In per week, the inventory value of OTO has decreased by 54.3%, in accordance with SET. Kanawuthi Wattanadhirach, chairman of OTO’s govt committee and CEO, mentioned in a filing…
“If there are any developments that affect any of the company’s necessary business operations, we’ll notify buyers and cling to related rules.”
Furthermore, OTO announced Kanawuthi’s resignation, effective from July 1, with Bandit Sapianchai, the present deputy chairman, taking over. Bandit talked about that OTO had inked a cooperation settlement with Wave BCG, a Wave Exponential subsidiary involved in the clear vitality business, providing a full range of carbon credit buying and selling services.
With an interest in adopting technologies to fight local weather change, OTO is seeking to increase its venture into carbon credit score and renewable power companies. Bandit additionally highlighted the company’s plan to develop investments in renewable energy power tasks to generate recurring income, which can help its operating performance in 2023, reported Bangkok Post…

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