Following irregular trading of One to One Contacts Plc (OTO) shares, the Stock Exchange of Thailand (SET) issued a warning for traders to be cautious and look at data thoroughly. OTO, which presents outsourced contact centre providers to authorities businesses and firms, faced a spike in trading volume, mainly concentrated amongst a few investors.
Previously positioned underneath the Level 1 trading rules on June 6 by SET, OTO’s share motion witnessed a decline before the latest upswing on June 12-13. The trade subsequently issued a statement advising buyers to think about carefully before trading in OTO shares.
The SET also requested brokers and related authorities dealing with OTO securities to supervise trades and prevent any probably inappropriate trading orders, in accordance with the Securities and Exchange Act. OTO clarified in a filing to the SET that the stock price fluctuations do not impact the company’s operations.
In every week, the inventory price of OTO has decreased by 54.3%, according to SET. Kanawuthi Wattanadhirach, chairman of OTO’s government committee and CEO, said in a filing…
“If there are any developments that have an effect on any of the company’s essential enterprise operations, we will notify buyers and cling to relevant laws.”
Furthermore, OTO introduced Kanawuthi’s resignation, efficient from July 1, with Bandit Sapianchai, the current deputy chairman, taking up. Bandit mentioned that OTO had inked a cooperation agreement with Wave BCG, a Wave Exponential subsidiary involved in the clean power business, offering a full range of carbon credit buying and selling companies.
With an interest in adopting technologies to fight local weather change, OTO is looking to expand its enterprise into carbon credit and renewable vitality companies. Plain ’s plan to grow investments in renewable energy power initiatives to generate recurring revenue, which will support its working efficiency in 2023, reported Bangkok Post..