SET panel tackles listing rules
The Nation (17 October 2007)
The Stock Exchange of Thailand (SET) has formed a working group to conduct a study to amend listing criteria as part of efforts to raise the number of companies on the bourse. Among the members of the working group are representatives from the Thai Listed Companies Association, the Thai Investors' Association, the SET and the Market for Alternative Investment, SET president Patareeya Benjapholchai told reporters yesterday. Former SET president Seri Chintanaseri serves as an adviser to the working group, she said. The working group will take charge of revising regulations governing the supervision of listed companies, in order to address current circumstances and attract non-listed companies. Information disclosure will remain the main issue of the regulations to be revised, she said. The working group's term runs from Monday of this week to December 31. Its establishment came after less than 10 companies debuted on both stock exchanges so far this year. In July and August, the SET conducted a survey on the satisfaction of 167 listed companies and found 68 per cent considered the current regulations suitable. They suggested some regulations could be adjusted to align with the current situation, such as information disclosure relating to connected transactions, Patareeya said. They also suggested the SET reduce overlapping among stock regulators, said Patareeya.
Of the respondents, 46.3 per cent were staff of listed companies, 42.5 per cent executives and the rest managing directors, presidents and directors. Of the surveyed firms, 41.5 per cent had market capitalisation of less than Bt1 billion, 44.5 per cent between Bt1 billion and Bt10 billion and the rest more than Bt10 billion. Patareeya said 77-80 per cent of respondents were satisfied with advice and services from SET officials and agreed the SET arranged activities that educated listed companies. The SET will forward the survey results to the working group, she said.
The Nation (17 October 2007)
The Stock Exchange of Thailand (SET) has formed a working group to conduct a study to amend listing criteria as part of efforts to raise the number of companies on the bourse. Among the members of the working group are representatives from the Thai Listed Companies Association, the Thai Investors' Association, the SET and the Market for Alternative Investment, SET president Patareeya Benjapholchai told reporters yesterday. Former SET president Seri Chintanaseri serves as an adviser to the working group, she said. The working group will take charge of revising regulations governing the supervision of listed companies, in order to address current circumstances and attract non-listed companies. Information disclosure will remain the main issue of the regulations to be revised, she said. The working group's term runs from Monday of this week to December 31. Its establishment came after less than 10 companies debuted on both stock exchanges so far this year. In July and August, the SET conducted a survey on the satisfaction of 167 listed companies and found 68 per cent considered the current regulations suitable. They suggested some regulations could be adjusted to align with the current situation, such as information disclosure relating to connected transactions, Patareeya said. They also suggested the SET reduce overlapping among stock regulators, said Patareeya.
Of the respondents, 46.3 per cent were staff of listed companies, 42.5 per cent executives and the rest managing directors, presidents and directors. Of the surveyed firms, 41.5 per cent had market capitalisation of less than Bt1 billion, 44.5 per cent between Bt1 billion and Bt10 billion and the rest more than Bt10 billion. Patareeya said 77-80 per cent of respondents were satisfied with advice and services from SET officials and agreed the SET arranged activities that educated listed companies. The SET will forward the survey results to the working group, she said.
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