Troubles in market were results of regulatory loopholes, says former tycoon Srettha Thavisin
The Stock Exchange of Thailand plans to tighten listing rules as a major accounting scandal, debt defaults and unexplained share gyrations rattle investors, putting the SET Index on course for its lowest close in more than two years.
The SET board on Wednesday approved a “sweeping revamp of listing regulations” that includes increasing the ratio of free-float and setting a higher threshold for profitability and shareholders’ equity.
The new rules, once endorsed by the market regulator, will also apply to the…
