The Stock Exchange of Thailand (SET) introduces the “C” (Caution) sign effective from July 2, 2018 to protect investors and urge listed companies to resolve the issues arise from deteriorating financial status, financial statement and business operation. The imposing of new sign has incorporated the market participants and public feedback received via the public consultation, with approval from the Securities and Exchange Commission (SEC).
SET President Kesara Manchusree said that SET with relentless effort has continuously enhanced listed companies’ quality and protect investor protection. During September to December last year SET discussed with market participants and the public on further actions in protecting investors by posting an additional alert sign on a company’s securities when the financial status and business operation changed regressively. We decide to launch the “C” (Caution) sign to remind investors to study those of securities carefully before making an investment. The sign has already been approved by the SEC.
Following the new sign implementation, investors must trade through Cash Balance account any securities tagged “C” sign. SET will announce the names of listed companies one day prior to the posting of “C”. Such company has to provide information and plan to resolve the issue within 15 days after the “C” sign has been posted and every quarter until the company can completely rectify their issues. This is in line with general criteria of other alert signs.
The “C” sign will take effect on July 2, 2018 while the listed companies’ financial status will consider fromtheir financial statements ended June 30, 2018. To view the list of companies with “C” sign, please visit www.set.or.th or SETSMART .
