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SET to tighten supervision of listed Thai firms starting March 25
Picture courtesy of Bangkok Post The Stock Exchange of Thailand (SET) announced plans to strengthen the supervision of its listed companies from March 25 onwards, as part of an initiative to reinforce their financial standing and provide detailed disclosure for investors. SET’s president, Pakorn Peetathawatchai, stated that the move aims to provide investors with clearer and more varied warning signs to alert them of potential financial and operational challenges faced by listed companies.
Pakorn also mentioned the SET’s intention to enhance the standards for backdoor listings and the resumption of stock trading to match the rules for new listings. These changes will be implemented gradually starting on March 25.
The SET president divulged that the organisation is working with the Securities and Exchange Commission to review and amend various criteria, based on the current…
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