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
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...