A 165% Stock Surge in Thailand’s Biggest Public Company Prompts CEO, Exchange Meeting
- Delta faces scrutiny after shares soared 165% during rally
- Company plans expansion of operations in Thailand in 2025
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Thailand’s biggest publicly listed company will meet with the bourse next month over its surging stock that its chief executive officer attributed as “not healthy.”
Delta Electronics (Thailand) Pcl’s shares soared 165% between March and November, before the Stock Exchange of Thailand set trading curbs late last month that sent shares tumbling. Bourse chairman Kitipong Urapeepatanapong criticized the stock over its small free float. As of early March, about 23% of Delta Thailand’s shares were publicly traded, according to the company.