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Thai Firms in Rehabco Sector Face New Trading Criteria.

Bangkok Post (Bangkok, Thailand)

| March 13, 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

Mar. 13--The Stock Exchange of Thailand will allow companies in the Rehabco sector to resume trading if they show a net profit for one year and have positive shareholders' equity, according to exchange president Kittiratt Na Ranong.

He said the SET would survey firms about their readiness to resume trade and to disclose changes in shareholding structure under restructuring plans.

Major shareholders could also be asked to observe a silent period, meaning they could not sell shares for a given period after trading resumed.

Mr Kittiratt said full disclosure would be needed before trading could resume. Restructuring plans affecting general investors and ...

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