DR set for SET listing
The Stock Exchange of Thailand (SET)’s first depositary receipt, DR, representing a Vietnam exchange-traded fund (ETF), issued by Bualuang Securities pcl (BLS), will be listed on December 18 under the ticker symbol “E1VFVN3001”.
SET President Pakorn Peetathawatchai said that Depositary Receipt or DR is an investment instrument that represents foreign company's securities issued by the commercial banks or brokerage firms with approval of the Securities and Exchange Commission (SEC). DR enables Thai investors to have exposure in foreign assets easily through SET. DR trading could be conducted similarly to securities trading, as such providing convenience for all investors.
BLS Executive Director Pichet Sithi-Amnuai said the issued DR will represent VFMVN30 ETF, tracking the top 30 large-cap stocks listed on Hochiminh Stock Exchange. The DR's initial public offering (IPO), held during December 3-7 managed to raise Bt624.39 million (approx US$19 million).
We expect more investment demand after it is listed on the SET.
