SEC prepares to coordinate with the Stock Exchange of Thailand To review the criteria for low liquidity stocks After a period of time, these stocks have changed dramatically. May cause damage to investors
Ruenwadee Suwanmongkol, Secretary-General of the Office of the Securities and Exchange Commission (SEC) Said The Free Float Criteria are the criteria stipulated by the Stock Exchange of Thailand and must be approved by the SEC which the above rules are very important to the liquidity of trading of listed companies. It is also one of the securities selection criteria for the SET50 Index, SET100 Index, and SETHD Index.
However, the above criteria was last updated in 2008. Therefore, the SET It should be reviewed whether the above criteria still reflect the true distribution of minority shareholders. As the current market conditions have changed
The secretary-general of the SEC gave an example of the case of DELTA share price In the past, there has been a lot of changes that the SEC has coordinated with the SET. Please closely monitor the trading conditions of such securities. To protect investors and prevent distortions of prices and trading volumes from their normal conditions From late December 2020
The SEC has found that one factor is the result of DELTA shares with relatively low real free float. In addition, the trading price has changed rapidly. But according to the current rules, it is not considered a warning sign to make investors be careful in making investment decisions. Therefore, the SEC asked the SET to To review the Free Float guidelines and the marking measures to warn investors. This is especially true in the case of rapid price changes of low free float stocks, as well as any other measures to protect shareholders and investors.
While the perspective of the research department Asia Plus Securities Co., Ltd. has the view that, in the event that regulators begin to observe unusual price movements and trading volumes, It should help reduce the heat of low Free Float stocks that have gotten very strong.
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