Bangkok--25 Mar--SEC
Equity private placement deals of listed companies have been significantly increased recently while the existing rules do not cover certain circumstances that might be unfair or might cause damage to shareholders. The SEC, therefore, proposed revision of rules on private placement of newly issued shares in the following issues: 1) consideration on private placement price; 2) exercise of due care by listed companies’ board of directors in giving information and opinions; and 3) the SEC’s approval prior to the placement. At this juncture, the SEC has taken into account costs and benefits of the proposed revisions and necessity to maintain fairness in the capital market.
The consultation paper is available on www.sec.or.th. Stakeholders and interested parties are welcome to submit comments through the website, or facsimile number at 0-2263-6099 or email address at
[email protected] until April 2, 2015.