The Singapore Exchange (SGX) on Tuesday started trading in depositary receipts (DR) of three securities listed on the Stock Exchange of Thailand (SET).
SET president Pakorn Peetathawatchai said the trading resulted from the Thailand-Singapore DR Linkage project of SET and SGX to expand investment opportunities and improve investors' access to the stock exchanges in both countries.
DR trading on the SGX started with DRs linked to the shares of Airports of Thailand Plc (AOT), convenience store operator CP ALL Plc (CPALL) and PTT Exploration and Production Plc (PTTEP), the oil and gas drilling arm of PTT Group.
"The Thai capital market lists many companies that potentially interest foreign investors. The DR launch is linked to Airports of Thailand Plc, CP ALL Plc and PTT Exploration and Production plc which are in the business sectors that have competitiveness and play important roles in the expansion of Gross Domestic Product," Mr Pakorn said.
He expected DR trading to promote listed Thai companies internationally through Singapore which, he said, was an investment hub in the region.