SET Executive Vice President Mr. Suthichai Chitvanich disclosed that TSEC Securities Ltd. has been approved by the Securities and Exchange Commission (SEC) to resume its business starting from January 21, 2005, onwards. The Company, which is the former HSBC Securities (Thailand) Ltd., temporarily halted its operations since March 29, 2004 and underwent a change in its major shareholder. For this reason, it has been re-registered under a new name—TSEC Securities Ltd.
“The SET has considered the Company’s qualifications and viewed that it meets the SET’s membership rules. Currently TSEC has THB330 mln. worth of paid-up capital, holds 2 securities licenses in securities brokerage and trading, plus is currently equipped with adequate personnel and the systems necessary for conducting a securities business,” said Mr. Suthichai.
TSEC Securities Ltd. will thus be reinstated as SET member No. 18, using “TSEC” as its identification code, and will commence sending orders to the SET from January 21, 2005, onwards.
TSEC Securities Ltd. is located at The Offices at Central World, 16th Fl., 999/9 Rama I Rd., Patumwan, Bangkok 10330, Tel: 0-2264-5888, Fax. 0-2264-5889
