News Detail

Date/Time
22 Feb 2022 14:10:00
Headline
SET News : SET amends foreign listing rules to attract overseas companies
Symbol
SET
Source
SET
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                                                                                     SET News 
12/2022
                                                                     February 
22, 2022

SET amends foreign listing rules to attract overseas companies

BANGKOK, February 22, 2022 - The Stock Exchange of Thailand (SET) has amended 
its foreign listing rules by shortening the period for foreign companies to have
financial advisors after being listed, consistent with that of Thai companies.
Moreover, the silent period has also been shortened to attract foreign companies
to seek listing on the Thai bourse. The amended requirements are also aimed to
offer more investment alternatives to investors, and will take effect on
February 22, 2022 after receiving feedback from public consultation, as well as
the Securities and Exchange Commission (SEC)'s approval.

SET President Pakorn Peetathawatchai said that SET has adjusted the foreign 
listing rules to support overseas companies to raise funds through their
listings on the Thai stock market. The period for newly listed foreign companies
to retain financial advisors after their listings will be shortened to one year
from three years. The amendments are in line with the requirements for the
listing of Thai companies and the SEC's regulations. Besides, the silent period
of strategic shareholders will be shortened to one and a half years from three
years, with eligibility to sell 20 percent of their shares one year after
listing and the remainders after the lockup period ends.

"These rule adjustments are carried out in pursuit of SET's three-year strategic
plan (2022-2024) regarding connecting opportunities to all sectors inclusively.
We aim to be a fund-raising source for local and foreign companies. Notably,
the listing of foreign companies in Thailand will not only make the Thai capital
market more attractive but will also allow investors to invest in foreign
stocks via the Thai stock market, with quick access to information like the way
they have of Thai stocks," added Pakorn.

The rule amendments have already undergone public hearings and received approval
from the SEC's board. More details are available at www.set.or.th. Click
"Rules/Regulations" and go to "Regulations - Circular letter".

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