Troubles Mount for Thai Firm Hit by Accounting Scandal, Default | allainews.com

June 21, 2023, 4:45 a.m. | Anuchit Nguyen

Bloomberg Technology bloomberg.com

Bondholders of Stark Corp. Pcl called for immediate payment of about $200 million after a special audit revealed accounting irregularities, the latest trouble for the Thai electrical components maker that’s defaulted on debt and seen its shares plummet to near-zero.

accounting audit components debt near shares

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