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Amendment to Stock Exchange of Thailand Act Due to Facilitate Prosecution.

Bangkok Post (Bangkok, Thailand)

| December 03, 2003 | COPYRIGHT 2003 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

Dec. 3--The Stock Exchange of Thailand will propose an amendment to the Stock Exchange of Thailand Act to include more details on share price manipulation and good corporate governance, according to chairman Vijit Supinit.

"The existing law is not in line with the present situation," he said without elaborating.

The amendment, expected to be submitted to the cabinet early next year, is expected to facilitate the prosecution of share manipulators through a clearer definition of the offence.

Mr Vijit said the outlook for the SET remained bright next year due to strong economic fundamentals and rising corporate earnings of listed companies.

...
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