"The [SEC's] order is like an execution order. It also did not find the plaintiff’s evidence to be convincing enough to evict them from the board.Suthichai said the SEC had never asked the eight members to acknowledge the accusation. He questioned on what grounds the SEC had issed the suspension order. "The court has acquitted us but the SEC, which has never called us to testify, has ordered our removal from the board. It's very unfair," he said.The board will submit an appeal to the SEC later, NMG chief executive officer Duangkamol said.Suthichai added that they may file an appeal with the Administration Court too.Meanwhile, the Stock Exchange of Thailand, on Friday morning, posted a "Halt" sign on the securities of NMG, Nation Broadcasting Corporation (NBC) and Nation International Edutainment (NINE).

Source: The Nation Bangkok October 07, 2016 05:48 UTC