Here’s a list of some popularly asked questions on listing company in Stock Exchange of Thailand;
- How the Stock Exchange of Thailand and Market for Alternative Investment differs?
Ans. The Stock Exchange of Thailand (SET) offers a market for large companies having a minimum 300 million paid-up capital after IPO in order to raise long-term funds. On the other hand the Market for Alternative Investment (MAI) is a source of funding for both the small and medium-sized enterprises with more than THB 200 million in paid-up capital after IPO.
- When can company listing process get delayed?
Ans. This may happen if;
- its internal control systems are ineffective or even insufficient;
- its structure appears to be unfair;
- its accounting practices do not cater to Thai Generally Accepted Accounting Practices;
- How should a financial adviser do preparation for a company visit from SEC and SET after submission of the documents?
Ans. The FA should arrange all the papers and take an appointment at least within 10 days after submission of the application that will enable the SEC and SET to organize the visit.
- What factors should be considered for listing on SET?
Ans. Planning to list your company in SET, but not sure about the market? These factors can be considered;
- Future Financial Plans: A company must consider whether it requires raising the capital in support of its financial plan. Plus it needs to consider the capital required after fund-raising.
- Company’s Profile: A company should consider the image it will enjoy while being in its own industry.
- Should you view MAI: Listed companies in a different way from the SET-listed ones?
Ans. Investors should primarily the profitability and growth potential of companies regardless they are listed or not. As for quality assurance of Mai-listed companies is concerned, the Securities and Exchange Commission (SEC) has the same criteria on the distribution of shares as to any listed firm. Thus, Mai-listed companies should cater to the same regulations as SET companies.
