Thailand plans to tighten listing rules as a major accounting scandal, debt defaults and unexplained share gyrations rattle investors, putting the nation’s key stock index on course for its first back-to-back quarterly loss in three years.
The Stock Exchange of Thailand’s 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 shareholder’s equity. The new rules, once endorsed by the market regulator, will also apply to the Market for Alternative Investment board for smaller companies, the bourse said in a statement.
