The Stock Exchange of Thailand (SET) and the Singapore Exchange (SGX) announced a joint venture that enables the trading of three depositary receipts (DRs) of Thai-listed companies on the SGX. This innovative collaboration, launched yesterday, is the first of its kind under the Thailand-Singapore DR Linkage project and aims to boost the appeal of Thai-listed companies in the regional market by connecting them with foreign investors.
A DR is a negotiable certificate that represents shares in a foreign company traded on a local stock exchange. The initial three DRs of Thai securities on the SGX include Airports of Thailand (AOT), CP All (CPALL), and PTT Exploration and Production (PTTEP), according to a statement from the Thai bourse.
SET President Pakorn Peetathawatchai highlighted the project’s potential to expand investment opportunities and facilitate…
