Thai bourse to adjust rules to speed up listing application process

ข่าวทั่วไป Wednesday September 19, 2007 16:31 —PRESS RELEASE LOCAL

Bangkok--19 Sep--SET The Stock Exchange of Thailand (SET)’s New Listings Committee held its second meeting today (Sep. 18) to consider a plan to expedite processing of listing applications. The committee approved incentives and ‘fast track’ schemes to enable firms to file this year and be trading by 2008, and so be eligible for a tax privilege, SET Chairman (and committee chairman) Mr. Pakorn Malakul na Ayudhya said. “Some requirements could be more flexible and encouraging of new listings. We will study these matters further and SET will discuss our proposals with the Securities and Exchange Commission. Subsequently, these issues will be presented at the SET board meeting next week,” Mr. Pakorn said. Some committee members and SET’s marketing team will approach selected firms to promote the advantages of listing and the fast track scheme. These targeted companies have a combined market capitalization of about THB 100 billion (approx. USD 2.91 billion). Currently there are about 20 companies planning to list by end-2007, 17 on SET and three on the Market for Alternative Investment (mai). Each of these companies will receive promotional information about listing from the New Listings Committee and the marketing team, Mr. Pakorn added. “Increasing listings is the current priority. SET management will clarify the relevant rules and regulations, so that we can quickly begin discussions with potential companies. More details will be announced after the SET board meeting,” Mr. Pakorn concluded. For more information, please contact the Corporate Communications Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Sarinluck Jitkawong Tel: 0-2229-2037 / Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797

แท็ก marketing   thailand   Bangkok  

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