On Dec. 24, Thai SEC revised rules re rights to oversubscribers.
Thai SEC amended rules regarding granting of the right to over-allotment agents to purchase shares after the distribution of oversubscribed shares.
Thai SEC also amended rules re allocation of shares in excess of the number offered.
Document dated Dec. 24, 2024, received from Thai SEC Dec. 26, summarized Dec. 30.
Amendments
Added the definition of a live exchange company which refers to a public limited company whose shares are listed on the stock exchange.
In the case where the shares are newly issued shares of a live exchange company for registration on Thai SET or market for alternative investment (MAI), exercise of the right must be completed within 30 days from the first day the shares begin trading.
Effectiveness
The amendments will be effective from Jan. 16, 2025.
