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