Thai Airways shares suspended after auditor declines to sign off on 1H2020 financial statements

17 August, 2020

Thai Airways reported (14-Aug-2020) its auditor Deloitte Touche Tohmatsu Jaiyos declined to sign off on 1H2020 financial statements due to "uncertainty to the ability to continue" as a result of the following:

  • Lack of liquidity;
  • Effect of COVID-19 to the company's operations;
  • A rehabilitation process currently underway.

As a result, trading of Thai Airways' shares were suspended on 14-Aug-2020. [more - original PR] [more - original PR - II]