SET points out MGI shares Not allowed to do short selling

Bangkok, The SET clarified that MGI shares are not allowed to do short selling after MGI executives stated that there is naked short selling using Robot trading to buy and sell MGI shares. As appeared in the news of an interview of MGI executives in many media, the content stated that there was Naked short selling using Robot trading and secretly collecting shares through NVDR on February 29 - March 1, 2024. The Stock Exchange of Thailand (SET) asks for the facts. In order for investors to receive correct information before trading MGI as follows: 1. MGI is a security that is not permitted for short selling: In principle, securities that are permitted must only be securities with a large size and high liquidity. by the Stock Exchange The names will be announced to investors via the SET website. 2. Trading on February 29 and March 1, 2024 (MGI closing prices were -30.27% and +6.59% respectively) found that It is the trading of approximately 98% of retail investors, while trading with Program trading is approximately 2%, which has a sufficient amount of shares before selling. However, the trading proportion of Program trading from the first day of trading - 1 March 2024 remains unchanged. Significantly, it is approximately 3%. Thai investors trading through Thai NVDR is at 2.8%. From the latest registration book closing (January 9, 2024), the major holder through Thai NVDR is one of the top 10 shareholders of MGI (can know the list of shareholders Thai NVDR can be obtained from SET website) Trading conditions are volatile. and high speculation The price exceeds the basic factors and no material information was found to support the change as follows. o P/E and P/BV at 85.41 and 22.40 times, respectively. o The rate of turnover showing speculation. It is approximately 7% per day (while mai is at 0.25%). o The additional information provided on 1 and 4 March 2024 is a normal business operation of the company. which has disclosed the nature of such business in the prospectus for offering shares to the pub lic (IPO) MGI is currently a security subject to the highest level of trading supervision. Therefore, if trading conditions change not in accordance with the fundamentals and meet the specified criteria, MGI will be suspended from trading for 1 day. After that, when trading is allowed, net settlement will still be prohibited and must not be used as collateral in calculating trading limits. and must be purchased with a Cash Balance account only for 3 weeks from the date of the new announcement. This criteria applies to all securities that have abnormal conditions. In this regard, the SET has measures to regulate trading for members to carry out at 3 levels: Level 1: Do not calculate trading limits and Cash Balance (100% cash purchases). Level 2: No Net settlement, no calculation of trading limit and Cash Balance. Level 3: Stop trading for 1 day on the first business day, no Net Settlement, no calculation of trading limit and Cash Balance. Source: Thai News Agency