The SEC is finally becoming a bit more clever in regards to PP’s, which if you remember has been a recent method for speculators to purchase a serious amount of shares and control the supply in the market.

Here are the measures that they will try to implement:

  • One-fourth of the silent period shares would be allowable for trade six months later if the Stock Exchange of Thailand agrees to the one-year lock-up period..
  • The lock-up requirement, if it comes into force, will not apply to creditors who agree to a debt-to-equity swap to ease the debt restructuring process or to institutional investors.
  • In the case of private funds subscribed to privately placed securities, the silent period would be used.
  • The silent period would not apply to leftover shares from a rights offering that are privately placed with specific investors at the same price as for existing shareholders.






Source: Bangkok Post

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.