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Thai Rules on Tender Offers to Mesh With New Public Companies Act.
Jul. 26--The Securities and Exchange Commission will change regulations on tender offers to match the new Public Companies Act, which is expected to take effect next month.
The current rule requiring a tender offer to be made if any shareholder wants more than 25 percent of the shares in a company would be eased, said Varatchaya Srimachan, a SEC director.
The SEC is reviewing several regulations and guidelines on public companies to reflect changes under the new law.
The amended law also allows listed companies to buy back shares from the market and hold them as treasury stock. But market regulators have not yet finalised the amount of treasury stock that can be held by listed companies.
"The holding of treasury stock will rely on the free-float requirement. Each listed company is required to have a free float of at least 10 percent . If it ...
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