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Thai Firms Expect IPO Listings to Increase within Third Quarter.

Bangkok Post (Bangkok, Thailand)

| May 03, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nuntawun Polkuamdee

May 3--Current market uncertainties notwithstanding, up to 140 companies are estimated to have retained financial advisers in preparation for future listings on the Stock Exchange of Thailand.

The SET itself estimates that 50 companies could list on the main board and another 20 on the Market for Alternative Investment this year.

Last month's decision by the cabinet to extend tax breaks for newly listed companies should help alleviate fears of a pileup of new listings heading into the second half.

Under the programme, companies listing on the SET by the end of 2005 can pay a corporate tax rate of just 25 ...

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