Oct 5 (Reuters) - Kingsgate Consolidated Ltd KCN.AX :
* Update on status of thai IPO KCN.AX
* Refers to statement issued by the Securities and Exchange Commission of Thailand on 2 October 2015
* Was not aware that the application for the initial public offering had been rejected by the Securities and Exchange Commission
* Says as far as the company was aware, the initial public offering application was still under consideration
* Kingsgate understands the statement refers to the proposed initial public offering of its subsidiary, akara resources
* Board was considering making an application for deferral of the listing process due to ongoing market conditions
* Is now seeking urgent clarification from Securities and Exchange Commission of Thailand in relation to its announcement on 2 October 2015
* If granted, the company would have been able to re-activate the application for the initial public offering at any time
* Source text for Eikon ID:nASXc85xLB