"The merger of these two large companies will certainly be fruitful as they both have their own strengths. ASSET is strong in investment banking, from which it derives a lot of fees, and it also provides new securities to investors."
"On the other hand, AST has strong marketing teams in the securities brokerage business and is capable of providing investors with new securities issued for fundraising. This merger will result in a very productive synergy for both companies," Mr. Kittiratt said.
The SET President went on to say that: "Besides the benefits yielded to the merged companies, I believe the merger will benefit other brokers as well since pressure on price competition as well as on the costs of maintaining quality staff will be reduced."
The SET considers this to be significantly beneficial and vital to the shareholders and stakeholders of AST and ASSET as they are both listed companies and members of the SET (brokers). Eliminating any impediments that might be present in the merger is an important job for the SET. The SET therefore will set up a special team to help smooth the merger process and create benefits to all, especially their shareholders.
