2023-08-04 11:03:51
The SET opens for comments on the revision of regulations for listed companies. Found to prepare for strict control – managing low-floating free stocks Leverage measures to hang C and SP signs, as well as withdraw shares from the market. come into force instead of collecting fees Scanned stocks across the market, found 22 stocks, free float below the 15% threshold.
Reporters reported that After the Stock Exchange of Thailand (SET) opened for public hearing, review of SET and mai’s positioning, and upgrading the supervision of listed companies. New criteria (until September 4, 2023), with the subject of adjusting the criteria for the distribution of shares by minority shareholders (free float) as well
for adjusting the criteria for low free-floating stocks because it was found that the measures in the past have not been able to achieve their objectives effectively Because there are some listed companies whose free floats do not meet the criteria and pay additional fees for a long time.
Therefore, the stock market Therefore, it is proposed to adjust the regulation of low free float stocks to be more stringent. To increase the efficiency of trading in the secondary market is more liquid. and require listed companies to speed up the correction of such qualifications By using measures to post C and SP signs instead of collecting additional fees and announcing names as follows
1) Post a C sign when the listed company’s free float does not meet the criteria.
2) Switch to an SP sign to suspend trading. If the listed company cannot amend Free float for the second year
3) In the event that the SP sign has been posted for more than 2 consecutive years and the listed company is still unable to amend the free float, it will cause the listed company to be delisted according to the current delisting criteria.
Listed companies can submit free float reports to the Stock Exchange of Thailand. when such properties can be modified for the stock market Consider releasing the mark before the expiration of the period.
“E-Finance Thai News Agency” has therefore collected stocks with free float below the criteria of the Stock Exchange of Thailand (SET), which is set at 15% of paid-up capital, found 22 shares below the threshold. details as follows
stock name
FreeFloat
(%)
number of shareholders
(person)
PTECH
1.92
408
3K-BAT
2.10
368
ROH
3.00
1,400
UMS
3.78
1,506
GLAND
5.09
1,503
CIMBT
5.17
9,433
PRG
5.57
967
MPIC
7.54
1,348
TCCC
7.56
2,006
TNL
8.43
535
SPG
8.79
388
TR
10.76
1,011
PICO
11.88
639
NFC
12.01
2,818
LRH
12.16
1,236
MATCH
12.30
1,505
UOBKH
12.46
1,326
TFI
12.66
3,690
GGC
12.72
3,022
TIGER
14.05
1,222
PMTA
14.61
1,655
GRAMMY
14.79
2,727
In addition, the news agency has tried to explore large market cap stocks in the SET100 to see which companies are the 10 lowest free float stocks. From the survey, it was found that all 10 rankings still had free float beyond the new criteria set by the SET. details as follows
stock name
FreeFloat
(%)
number of shareholders
(person)
TLI 20.45 31,915 DELTA 22.36 4,636 ACE 22.57 22,437 OR 23.72 320,471 GPSC 24.76 35,297 AWC 24.98 15,903 CKP 25.52 15,676 GULF 26.07 37,551 SCGP 2 6.38 50,132 SJWD 26.58 6,176
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