Thai bourse amends rules to ensure corporate health of reinstated firms

ข่าวหุ้น-การเงิน Tuesday March 4, 2008 10:21 —PRESS RELEASE LOCAL

Bangkok--4 Mar--SET On February 27, 2008, The Stock Exchange of Thailand (SET)’s Board of Governors (BoG) approved additional criteria to be met by listed companies undergoing rehabilitation seeking reinstatement to their normal sectors. This decision ensures that these firms maintain the required corporate standards after reinstatement and protects investors. SET will seek approval from the Securities and Exchange Commission before bringing the adjustments into effect. Specifically, the criteria entail SET’s considering a company’s audited annual or four quarterly financial statements to ensure that a firm’s net profit and shareholder equity - in its most recent 12 months - comply with the Exchange’s new listing requirements. These benchmarks will be used to determine whether the company can be reinstated on SET or Market for Alternative Investment (mai). Furthermore, a firm must have successfully completed its rehabilitation plan, while complying with the bourse’s rules on maintaining listing status (except for the free-float requirement), SET Executive Vice President and BoG Secretary Suthichai Chitvanich said. The BoG also amended the silent period requirement, in line with listing rules, for firms seeking reinstatement. As an alternative route, a company undergoing rehabilitation may acquire a new partner and, provided that the partner is in compliance with the listing rules, can apply for reinstatement and, if approved, return to its normal sector immediately. However, if the new partner is not in compliance, the firm’s silent period will be extended from one to two years. 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

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