Effective on 25 March 2024, the Stock Exchange of Thailand (“SET”) updated the requirements for acquisition, by a listed company or its subsidiaries, of the assets of a non-listed company (“Backdoor Listing”), and the requirements for the listing of securities of a company formed by amalgamation between a listed company and non-listed company (“Relisting”). These revisions aim to strengthen the consideration process and the required qualifications of companies proceeding with Backdoor Listing and Relisting, in order to maintain the same standards comparable to a new listing.
On 10 January 2024, the Office of the SEC issued guidelines relating to listed company shareholder meetings to enhance good governance, transparency, and efficiency of the meeting, and to allow shareholders’ participation.
As the Annual General Meeting (AGM) season is approaching and with the outbreak of Coronavirus Disease 2019 (COVID-19), many listed companies have concerns over their upcoming AGMs. Holding physical meetings containing a large number of shareholders may risk the spreading of the disease. Therefore, many authorities including the Office of…