Classification of Industry Group and Sector
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Process of Industry Group and Business Sector Classification Review
Since the listed company may have changed its business structure, there is a need to review the classification of industry group and business sector regularly. SET will take into consideration based on the following three cases:
Case 1: Annual review
SET will consider the information as per the Form 56-1 One Report, which must be sent to SET within three months after the end of company’s accounting period.
- It will take approximately 30 days for SET to consider, starting from the due date of Form 56-1 One Report.
- If the company’s revenue structure is not in line with its current business sector, SET will send a notification letter to the company about the change in business sector within 15 days after the due date in (1).
- If the company has different opinions, it can provide additional clarifications to SET within 15 days from the day SET has sent the notification letter.
- SET will consider additional clarifications within 15 days. If SET is to proceed with the business sector change, it will send a notification letter to the company and announces to the investors not less than 15 days before the securities will begin trading in the new sector.
Case 2: The Company’s revenue structure has obviously changed.
In case the company’s business has changed so much that it leads to the change in revenue structure. For example, when there is an acquisition of business, or change the type of business operations. SET will then consider reviewing business sector classification without having to wait for the annual review. The change in business sector will occur after the structural change has taken effect. SET will proceed as per Case 1, item (3) to (4).
Case 3: Request by the listed company
The listed company can request for a change in industry group and business sector if it sees inappropriate. The company can send a request letter to SET, along with related information. It will take 15 days for SET to consider, starting from the day SET has received complete information. If SET agrees upon, it will send a notification letter to the company and announces to investors not less than 15 days before the securities will begin trading in the new sector.