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MAI-listed More Return (MORE) yesterday reported a huge drop in net profit for last year and the appointment of an acting chief executive following the resignation of Ummarit Klomchitcharoen, who has entered the investigation process into the company's alleged share price manipulation.
The Civil Court on Thursday ordered the temporary seizure of 4.47 billion baht worth of assets linked to parties accused of manipulating the share price of More Return Plc (MORE).
Ummarit Klomchitcharoen, president and chief executive of More Return (MORE), on Monday informed the Stock Exchange of Thailand (SET) of his resignation after being accused of manipulating the company's share price, along with 17 others, in November last year.
Shares of More Return Plc (MORE) fell after the Anti-Money Laundering Office (Amlo) decided to confiscate 4.5 billion baht worth of assets from people involved in the company’s alleged fraudulent transactions in November last year.