Thailand and Cambodia ink MoU on connecting capital markets. (Photo: nationthailand.com) Bangkok (VNA) - Thailand’s Securities and Exchange Commission (SEC) and Cambodia’s Securities and Exchange Commission (SECC) signed an MoU on September 17 to cooperate and exchange information on cross-border equity offerings and the issuing of depository receipts with the SEC.
Thai media said the deal is the result of a fruitful discussion between the two agencies in early August this year and is being seen as an important milestone to reflect strong bilateral ties as well as to further strengthen a previous MoU signed in 2014.
The latest MoU covers the establishment of a task force to work on the process of implementing cross-border equity offerings and the issuing of debt receipts. It also contains guidelines for those who wish to offer securities both in Thailand and Cambodia.
According to SEC Secretary General Ruenvadee Suwanmongkol, with this strong collaboration, it is expected that a corporation from Cambodia will become the first foreign company listed on the Stock Exchange of Thailand, after the SEC regulation on cross-border equity offering became effective in 2015./.
VNA
