In an effort to boost competitiveness with global markets, the Stock Exchange of Thailand is opening its doors to foreign companies.
Effective 1 December 2009, foreign listed firms will be allowed to list on the Stock Exchange of Thailand (SET) provided they meet the requirements of the SET and the Thai Securities and Exchange Commission.
Thai SEC Primary Criteria for offering securities
Before listing on the SET, a foreign company must have a public offering of securities, either by issuing new shares or offering existing ones.
SET Initial Qualifications for Listing
Once listed, the foreign company must comply primarily with its home regulations, but it must also adhere to certain Thai regulations to ensure that local investors will obtain the same levels of protection and information disclosure as if they had invested directly in the foreign company's home exchange.
For inquiries related to this Client Alert, please contact:
Sathaporn Jumsuk ( )
Sudkhate Jungcharoen ( )
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