In the news
TFEX raises margins because of volatility, effective October 7
Thailand Futures Exchange is raising the margins for SET50, gold and interest futures to cope with increasing volatility. The new margin requirement will take effect on October 7.
Managing director Kesara Manchusri said that under the new margin rule, deposits for SET50 futures would rise from Bt53,200 to Bt66,500 per contract, while Bt50 gold futures trading would rise to Bt104,500 from Bt92,150.
Deposits for Bt10 gold futures are also raised to Bt20,900 from Bt18,430 per contract.
Deposits for interest futures, linked with six-year government bonds, are raised to Bt29,450 from Bt21,850 per contract.
Daidomon plans share swap deal with Property Perfect
Daidomon Group shareholders will hold an extra general meeting on November 11 to consider the company’s plan to purchase ordinary shares of Centre Point Shopping Mall Co from Property Perfect via a share-swap deal.
Daidomon plans to allocate the newly issued ordinary shares in a number not exceeding 363,818,182 with par value of Bt5 each to Property Perfect at the price of Bt1.10 per share, for total value of Bt400.2 million.
This allocation is made as compensation to Property Perfect for using 5 million of its ordinary shares of Centre Point at the par value of Bt100 each, with total value of Bt400.2 million, to cover the price of the company’s newly issued ordinary shares for Property Perfect, in lieu of cash payment, according to its filing to the Stock Exchange of Thailand yesterday.
