Thai Airways shares suspended after auditors decline to sign off on accounts

FILE PHOTO: Empty lines are seen at Thai Airways counters in Suvarnabhumi Airport in Bangkok, Thailand April 30, 2020. REUTERS/Soe Zeya Tun

Thai Airways International Pcl shares were suspended by the bourse on Friday after auditors declined to sign off on its financial statements for the six months to June 30.

Auditor Deloitte Touche Tohmatsu Jaiyos Co Ltd said it could not reach a conclusion on the statements due to issues including a lack of liquidity and debt defaults which created “material uncertainty” and may affect the value of assets and liabilities.

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