CK Power as first overseas holding company to list in SET
The Stock Exchange of Thailand proceeds with its plan to welcome the listing of overseas-registered Thai holding companies, having CK Power Co Ltd as the first of its kind.
CK Power Co Ltd, a power unit of Ch Karnchang Group which is registered in Laos to oversee projects in the country, has appointed Siam Commercial Bank, KTB Advisory and Advisory Plus as financial advisors. Prepared to list on the Stock Exchange of Thailand, it is deemed as the first to raise funds in Thailand to finance overseas projects.
The listing of overseas-listed holding companies will be allowed from Sept 1, 2012 onwards, set as a mechanism to promote overseas investment of Thai companies ahead of the activation of the Asean Economic Community.
"Expansion into Indochina and other countries has been on the rise. The SET, as a fund-mobilisation centre, has the policy to promote new investment and support the current investment," said SET President Charamporn Jotikasthira.
