GUNKUL Plunges Sharply by 15% amid Reports of Court Revoking Title Deed

The share price of Gunkul Engineering Public Company Limited (SET: GUNKUL) plunged 15.12% in the morning session on Tuesday for its third straight day amid reports that the Central Administrative Court is considering to revoke the company’s title deed totaling 1,747 rai (approx 0.431 acre), which could potential has an impact on its wind power plant that is currently in operation.

The price has fallen nearly 19.2% in the last seven days, dropping from THB5.00 per share at the closing on February 3, 2023, to as low as THB4.04 per share as of the morning session on Tuesday, February 14, 2023.