The Stock Exchange of Thailand (SET) will allow temporary trading of 16 long-suspended listed securities from July 1 to 31 by stock purchase through cash balance accounts.
Temporary trading is available for the 16 listed securities, which have been posted with an SP (suspension) sign for more than three consecutive months. These securities have never been allowed to trade since the SP sign was posted.
Investors will be required to buy these securities through cash balance accounts, meaning investors will have to pay the full amount in cash before the securities purchase.
A NC (non-compliance) sign will be posted during the trading period to alert investors to exercise caution.
The SET will not specify the ceiling and floor prices of these securities on the resumed trading day, in order to allow securities to be traded under actual conditions. They will also be excluded from the SET index and Market for Alternative Investment index calculations.
"At the end of the temporary trading, the SET will suspend trading on these securities by posting an SP sign until the listed companies completely repossess qualifications in order to resume trading," the SET said in a release. "In the case that the companies are unable to do so within a specified deadline, the SET may consider de-listing the companies' securities from the exchange accordingly."
The 16 listed securities are Asset Five Group Plc, Bliss-Tel Plc, Bangkok Union Insurance Plc, Chuo Senko Thailand Plc, Energy Earth Plc, G Steel Plc, Inter Far East Energy Corporation Plc, KC Property Plc, Ktech Construction Plc, Nation Broadcasting Corporation Plc, National Multimedia Group Plc, Polaris Capital Plc, Professional Waste Technology 1999 Plc, Shun Thai Rubber Gloves Industry Plc, Three Sixty Five Plc and We Retail Plc.