Thai Rath Edition
11 Feb. 2022 6:33 a.m.
Ms. Siriwipha Suphanthanate, Deputy Secretary-General, Office of the Securities and Exchange Commission (SEC) revealed that The SEC expects that the LiVE Exchange, or the third stock exchange, will open in the third quarter of this year after the SEC issued rules to support funding of companies that are in the development stage. For example, medium-sized enterprises (SMEs) or start-up enterprises (Startup) are effective in January 65. The LiVE Exchange board is to support SMEs and startups to enter the capital market more easily and conveniently. Both raising funds in the primary market and the secondary market, whereby the SEC has set rules for fundraising that are lenient and not burdensome to businesses in order for SMEs and startups to distribute their shares widely. Ready to open a channel for general public offering (IPO) and trading shares on the LiVE Exchange secondary market, Mr. Nattapon Suwansiri, Senior Director SET Business Strategy Department said that the trading criteria will be effective in the second quarter and will open the LiVE Exchange as early as in the second quarter as well. Different from the mai market and the SET, which is open for trading 1 round per day (9.30-11.00 hrs.) is the first board that can buy and deliver shares within that day.
While Mr. Paiboon Damrongvaree, Director of Securities Registration Department, the SEC, said that there are 6 qualifications for SME-Startup who want to offer shares to investors in a wide area, which are 1. Must be a public limited company 2. Not Investment Company 3. Not involved in illegal business 4.Directors and top executives must not have any traits that lack credibility 5. Fund Raising Value 10-500 million baht, able to raise funds not less than 80% of the set value. 6.Trade in the LiVE Exchange.
Read more…
