Bangkok Post – Raimon Land confirms full compliance with SET and SEC regulations

Raimon Land Plc (RML) has issued a statement rejecting the allegations made by Arthit Narula, a retail shareholder who holds 0.34% of the company’s shares. RML clarified that it has no connection with the beleaguered Energy Absolute Plc (EA) or its directors and major shareholders. The statement also mentioned RML, Patee Sarasin, the Narongdej family and Mesa Thai Pte, one of the major shareholders.

According to the statement, EA and its major shareholder have no connection with our capital increase or involvement in RML. Mr. Arthit’s claims regarding the alleged connection between EA, its CEO Somphote Ahunai and RML are false and baseless.

“Mr. Arthit’s allegations are baseless and malicious, aimed at misleading the public into believing that RML is not raising capital and will be embroiled in corporate scandals and investigations. He further alleges that RML is violating laws and regulations set by the SEC and SET, which are completely false and have caused significant and irreparable damage to RML and its stakeholders,” the statement said.

“Mr. Arthit has been calling, texting and emailing me for some time. I have not responded to him,” said John Tay, a representative of MESA Thai, confirming that the accusation is completely false.

Mr. Patee also denied the false allegations made by Mr. Arthit which have adversely affected his reputation and business.

He added that RML would like to assure the public that our capital increase is in full compliance with the relevant SEC and SET rules and regulations.

Further, Mr. Arthit’s allegations that RML is engaging in corporate fraud have created confusion, seriously damaged the company’s credibility and reputation, and at the same time jeopardized our business opportunities,” he added.

According to RML, Mr. Patee and the affected major shareholders will pursue and avail all available civil and criminal legal actions and other remedies against Mr. Arthit to the fullest extent for such false information and causing damage to the company and its shareholders, in order to protect the interests of the company and its shareholders.