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Thailand’s Market For Alternative Investment Sets Up A Special Team To Help Businesses To List

Date 29/12/2005

The Stock Exchange of Thailand (SET)’s Board of Governors (BoG) resolved today (Dec. 28) to set up a special team to identify businesses with the greatest potential. There will be a team of experts available to provide advice to these firms and consider them for financial assistance from the Matching Fund to be established in the future.

To effectively increase the number of listings on the mai during the next 3 – 5 years, the mai’s special team will help develop potential entrepreneurs, provide experts to give advice, and consider firms for funding assistance from the Matching Fund. These activities are meant to assist businesses starting at their earliest stage of development. Later on they will be able to grow successfully on their own and list on the mai.

“The BoG recognizes that even businesses with high potential can often use both financial and advisory assistance in marketing, economic conditions, and production. Thus, the mai will set up a team to identify businesses with the greatest potential that may require assistance. The mai will put its emphasis on helping students to materialize their business plans,” Ms. Patareeya Benjapolchai, Executive Vice President of the SET, said.

The BoG believes that the mai should support young and creative entrepreneurs. There are currently several academic institutions assisting students to develop their business plans The mai coordinate the activities of these institutions to further support the students who will be tomorrow’s entrepreneurs.

The mai Matching Fund will invest in companies in high-growth, knowledge-based, and innovative industries, e.g., 1) Information and communication technology (ICT), 2) Culture technology (CT) e.g. filmmaking, 3) Media, e.g., TV, radio, billboards, and the Internet, 4) Design, e.g., architecture and professional services, and 5) Breaking technology, e.g., nano-technology or bio-technology, as well as in other businesses supporting capital market development.