BANGKOK, February 22, 2022 – The Stock Exchange of Thailand (SET) has amended its foreign listing rules by shortening the period for foreign companies to have financial advisors after being listed, consistent with that of Thai companies.

Moreover, the silent period has also been shortened to attract foreign companies to seek listing on the Thai bourse.

The amended requirements are also aimed to offer more investment alternatives to investors, and will take effect on February 22, 2022 after receiving feedback from public consultation, as well as the Securities and Exchange Commission (SEC)’s approval.

SET President Pakorn Peetathawatchai said that SET has adjusted the foreign listing rules to support overseas companies to raise funds through their listings on the Thai stock market.

The period for newly listed foreign companies to retain financial advisors after their listings will be shortened to one year from three years.

The amendments are in line with the requirements for the listing of Thai companies and the SEC’s regulations. Besides, the silent period of strategic shareholders will be shortened to one and a half years from three years, with eligibility to sell 20 percent of their shares one year after listing and the remainders after the lockup period ends.

“These rule adjustments are carried out in pursuit of SET’s three-year strategic
plan (2022-2024) regarding connecting opportunities to all sectors inclusively.
We aim to be a fund-raising source for local and foreign companies.

Notably, the listing of foreign companies in Thailand will not only make the Thai capital
market more attractive but will also allow investors to invest in foreign stocks via the Thai stock market, with quick access to information like the way they have of Thai stocks,” added Pakorn.

The rule amendments have already undergone public hearings and received approval
from the SEC’s board. More details are available at

Read More

About the author | Website

Siam News Network includes top references news sites, Job Board, Business Directory and Classifieds Portal

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thai listed firms report 9-month sales & profit growth

In the nine months through September 2022, SET-listed companies’ core operating profits rose by 25.6 percent year-on-year to THB 1.49 trillion, though production costs increased by 46.9 percent to THB 10.30 trillion

SET welcomes plastic and silicone manufacturer “POLY”

POLY manufactures and distributes products related to rubber, plastic, silicone, and mold with one-stop services ranging from custom-made mold design, R&D for production formulas as well as mold according to various usages in the automotive industry

SET welcomes first airport REIT “BAREIT”

The Stock Exchange of Thailand (SET) will list Bangkok Airport Leasehold Real Estate Investment Trust, the first of its kind, on September 14, under the ticker symbol “BAREIT”