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Stock Exchange of Thailand's Corporatisation Is Urged.

Bangkok Post (Bangkok, Thailand)

| July 03, 2002 | COPYRIGHT 2002 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

Jul. 3--The Finance Ministry has told the Stock Exchange of Thailand to speed up corporatisation in preparation for an eventual public share offering.

But market officials say privately that the process should be delayed until the exchange is fully prepared to be transformed into a public company.

Under previous proposals, the process would see the SET split into two entities, a profit-making private company managing current market operations and a non-profit organisation responsible for market development.

The SET has already moved to restructure its board, which has long been dominated by regulatory ...

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