SET Elevates DV8 Securities Trading Supervision to Level 2

Bangkok: The Stock Exchange of Thailand (SET) has announced an upgrade in its supervision measures for DV8 Public Company Limited's securities trading, elevating it to Level 2 from July 16 to August 5, 2025. This adjustment entails the prohibition of Net settlement and mandates trading through the Auction method during the specified period. According to Thai News Agency, the decision to enhance the supervision level follows significant changes in DV8's trading conditions without any supporting fundamental factors or information. Previously, on May 21, 2025, DV8 securities were subjected to Level 1 measures due to these unusual trading activities. Despite a significant decrease in trading volumes-averaging 5 million shares per day-the prices continued to rise steadily. On July 15, 2025, DV8 witnessed a substantial surge in both price and volume, reaching a new closing high of 8.60 baht, marking a 21.13% increase, with 18 million shares traded. This development resulted in the market capitalization expanding from 700 million baht to 11,356 million baht within three months. In previous announcements on July 3 and July 11, 2025, the company disclosed a tender offer at a price of 0.56 baht per share, significantly lower than the market price. The tender offer would be canceled if the purchase is less than 990 million shares. DV8 also indicated plans to explore the digital asset business, with investment feasibility expected to be confirmed by the fourth quarter of 2025. The SET's decision to implement Level 2 measures is aimed at ensuring that investors exercise caution and consider fundamental factors and reliable information before making investment decisions. Level 1 measures prohibit calculating trading limits and require Cash Balance, while Level 2 additionally bans Net settlement and necessitates trading through the Auction method. Level 3 would involve a one-day trading suspension and similar restrictions to Level 2 upon resumption.