Get all your news in one place.
100's of premium titles.
One app.
Start reading
Bangkok Post
Bangkok Post
Business

Troubles mount for Stark hit by accounting scandal

Stark Stark Corporation SEC
Photo: Stark Corporation

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

Holders of three series of bonds maturing between 2024 and 2025 totalling 6.95 billion baht (US$200 million) submitted payment demand letters to Stark on Tuesday. The company has until July 20 to pay the principal and interest, Kasikornbank Pcl and Asia Plus Securities Co said in separate statements.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
‘He was just a baby’: A cat owner says his hair-loss treatment cost him his 2-year-old cat, and he’s warning others about minoxidil
Should come with a warning label.
We Got This Covered
We Got This Covered
A hospital worker’s $15.99 Goodwill find was identified as a Le Pho painting worth up to $80,000
An occupational therapist found a painting for $15.99 at Goodwill while shopping to relieve stress. Notably, the piece was valued significantly higher during an appraisal on Antiques Roadshow. Fine-art expert Betty Krulik identified it as a work by Vietnamese artist Le Pho. The appraisal revealed that similar artworks could sell…
The Times of India
The Times of India
Stark warning – does new footage in Avengers: Endgame reveal the truth about Doctor Doom?
Warning: contains spoilers The four short scenes added to the new version has made the film the highest-grossing of all time – but the only people really enjoying this are the Disney accountants
The Guardian - UK
The Guardian - UK
Students from military families are often misunderstood in US public schools – a retired military officer and behavioral health expert explains what schools can do
Over 1.4 million children had a parent or caregiver who served in the U.S. armed forces in 2024.
The Conversation
The Conversation
Leave the Greenland sharks alone
A bounty on 1,000 fish hearts is as barbaric as it sounds
Salon
Salon
63 Celebrity Lookalikes Who Look Like They Were Separated At Birth
If you have ever mistaken Amy Adams for Isla Fisher, you are not alone, bad with names, or imagining things. We’ve all been there. Even Jeffrey Dean Morgan gets approached in airports and grocery stores by fans who mistake him for Javier Bardem and immediately start speaking Spanish. Celebrity doppelgängers…
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play