Delta shares slump 13 per cent as SET tightens scrutiny
The share price of Delta Electronics (Delta) slumped by Bt86, or 13.10 per cent, to Bt570 per share in the morning session on Wednesday after the Stock Exchange of Thailand (SET) imposed cash balance regulations on the company's shares until January 26 this year.
The SET's cash balance regulations force investors to buy shares with cash balance account only.
However, Anusorn Muttaraid, director of Delta, denied the SET's suggestions the company's moves had impacted its share price, such as raising capital, joint venture or trading assets.
