Bangkok--28 Jan--SET
The Stock Exchange of Thailand (SET) received in-principle approval from its Board of Governors for it to invest THB 200-250 million (approx. USD 5.70-7.13 million) in the Thailand Financial Securities Corporation’s (TSFC) debt and capital restructuring plan, SET Executive Vice President and Board Secretary Suthichai Chitvanich disclosed. The BoG also asked the financial advisor to consider some additional issues, and come to a conclusion soon.
“TSFC is a major mechanism to transfer margin loans from securities companies and provide credit services to investors,” SET President Patareeya Benjapolchai explained. “TSFC will also enhance the liquidity of securities companies, enabling the market to more effectively respond to investor needs. TSFC, therefore, should receive support from existing investors and new investors in its business restoration plan.”