SEC, SET mull admitting foreign firms

The Securities and Exchange Commission (SEC) and Stock Exchange of Thailand (SET) is studying the feasibility of opening up the Thai stock market to listings from fully-owned foreign firms.

Both authorities are examining rules and regulations pertaining to foreign companies and if they can raise funds through the SET, and expect to see the first pilot company list in 2021.

SET president Pakorn Peetathawatchai said the rules and regulations that have been considered will include those related to the listed firm, and differences between the Thai bourse and those abroad.

Foreign businesses expected to list on the Thai exchange include holding companies, real estate investment trusts and infrastructure funds, which will be able to access fundraising on both the primary and secondary markets.

Mr Pakorn also said the SET plans to launch a new stock exchange to trade…