On 17 September 2019 Thailand and Cambodia’s Securities Exchange and Commission (SEC) signed a Memorandum of Understanding on cooperation for capital market development through cross-listing, dual listing and depositary receipt offerings.
“The MoU marks goodwill between Thailand and Cambodia’s SECs to develop capital market products for Thai and Cambodian securities issuers for sale in each country. It also supports business expansion, enhances liquidity and provides a greater opportunity to access funding sources,” said Thai SEC secretary-general Ruenvadee Suwanmongkol.
H.E. Mr. Sou Socheat, Director General of SECC, said: “An additional MOU signing today is the witness of long friendship, market development and cooperation between the SECC and SEC Thailand. With this MOU, it will provide alternative ways for companies both in Cambodia and Thailand to access to capital, help expand the issuers’ businesses, increase their liquidity derived from trading in more than one exchange and access to larger pool of potential investors. In addition, we are sure that this MOU’s implementation will lead to a good model for the cooperation in the region and we are optimistic that capital markets in the region will grow together.”
According to the SEC Thailand the aim is to push forward successful implementation of cross-border offering of securities that links the capital markets of both Thailand and Cambodia.
The MoU supports Thailand’s 20-year national strategy to promote Thailand as a regional fund-raising hub.