SET Amends Listing Requirements To Support Companies in Industries

SET amends listing requirements under the market capitalization test to facilitate listing of target industries.

19 พ.ค. 2564

The Stock Exchange of Thailand (SET) has amended its listing regulations to support companies engaged in industries in accordance with the government’s policy under national strategy to be listed on SET via market capitalization test. The new criteria will come into effect from May 19, 2021.

SET President Pakorn Peetathawatchai said that SET has reviewed the criteria and published consultation paper to obtain opinions and suggestions from market participants on the amendments of listing requirements to support companies in the target industries, including the technology and innovation development industries, corresponding to the national strategy. Companies in the target industries such as digital, biotechnology, nanotechnology, smart electronics, and next-generation automotive from which the Board of Investment (BOI) has granted a promotion certificate are eligible for listing on SET via the market capitalization test, enabling companies with growth potential to access funding source in the Thai capital market. The amendments are according to SET’s regulatory reform plan.

The proposed rule changes, approved by the Securities and Exchange Commission (SEC), aim to promote companies that have been engaged in businesses in accordance with the government’s policy and have a minimum market capitalization of THB 7.5 billion (approx. USD 239.54 million) along with other specified qualifications.