Thailand, Cambodia to connect capital markets

Thailand, Cambodia To Connect Capital Markets

Thailand’s Securities and Exchange Commission (SEC) and the Securities and Exchange Commission of Cambodia (SECC) on September 17 signed a memorandum of understanding to cooperate and exchange information on cross-border equity offerings and the issuing of depository receipts with the SEC.

Media reported that the two bourses began discussions in early August this year to revive a previous memorandum signed in 2014. Plans are now to the establishment a task force to implement cross-border equity offerings and the issuing of debt receipts. It also contains guidelines for those who wish to offer securities both in Thailand and Cambodia.         

According to SEC secretary general Ruenvadee Suwanmongkol, with this collaboration, it is expected that a corporation from Cambodia will become the first foreign company listed on the Stock Exchange of Thailand, after the SEC regulation on cross-border equity offering became effective in 2015.

The partnership also supports Thailand’s 20-year national strategy to promote the country as a regional fundraising hub.

Sou Socheat, director-general of Cambodia’s SECC, said the memorandum offered an additional option to raise funds, enhance liquidity and expand business operations for Cambodian and Thai operators.

“This will be a good model for regional cooperation for capital markets in the region,” he said.



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Thailand’s Securities and Exchange Commission (SEC) and the Securities and Exchange Commission of Cambodia (SECC) on September 17 signed a memorandum of understanding to cooperate and exchange information on cross-border equity offerings and the issuing of depository receipts with the SEC. Media reported that the two bourses began discussions in early August this year to revive a previous memorandum signed in 2014. Plans are now to the establishment a task force to implement cross-border equity offerings and the issuing of debt receipts. It also contains guidelines for those who wish to offer securities both in Thailand and Cambodia.          According to...

Thailand, Cambodia To Connect Capital Markets

Thailand’s Securities and Exchange Commission (SEC) and the Securities and Exchange Commission of Cambodia (SECC) on September 17 signed a memorandum of understanding to cooperate and exchange information on cross-border equity offerings and the issuing of depository receipts with the SEC.

Media reported that the two bourses began discussions in early August this year to revive a previous memorandum signed in 2014. Plans are now to the establishment a task force to implement cross-border equity offerings and the issuing of debt receipts. It also contains guidelines for those who wish to offer securities both in Thailand and Cambodia.         

According to SEC secretary general Ruenvadee Suwanmongkol, with this collaboration, it is expected that a corporation from Cambodia will become the first foreign company listed on the Stock Exchange of Thailand, after the SEC regulation on cross-border equity offering became effective in 2015.

The partnership also supports Thailand’s 20-year national strategy to promote the country as a regional fundraising hub.

Sou Socheat, director-general of Cambodia’s SECC, said the memorandum offered an additional option to raise funds, enhance liquidity and expand business operations for Cambodian and Thai operators.

“This will be a good model for regional cooperation for capital markets in the region,” he said.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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