Thai listing rules reveal Asean financial centre ambition

Author: Ashley Lee | Published: 31 Jul 2014

Thailand’s Securities and Futures Commission (SEC) new regulations for foreign and dual listings reveal the country’s goal of becoming an Asean capital markets hub.

The SEC will allow foreign companies’ initial public offerings (IPOs) in Thailand and dual offering of equities in Thailand and other countries simultaneously,

The Stock Exchange of Thailand (SET) is hoping the move will attract Asean [Association of Southeast Asian Nations] member states’ domestic companies seeking more international exposure.

Companies from neighbouring frontier jurisdictions now see Singapore as the most desirable destination for capital raising in Asean, but the new regulations are part of Thailand’s effort to change that. 

The new regulation is in draft form, with hearings involving financial advisors and lawyers taking place now. "It will accommodate timely listings, even for a foreign company that wants to list shares on the SET as its primary market – that’s new," said...