, excluding state-owned financial institution, under the law on budgeting procedures 5 . In case of such state enterprise established in the form of company, its shares shall be directly held by the Ministry of
case of such state enterprise established in the form of company, its shares shall be directly held by the Ministry of Finance more than 50% of the total number of voting rights; (2) being able to
established entities to oversee state-owned enterprises (SOEs) (for example, Temasek Holdings in Singapore, Khazanah Nasional in Malaysia, and the State-owned Assets Supervision and Administration Commission of
by government agencies, state enterprises established by specific law which are not companies whose shares are listed on the Stock Exchange or traded in the securities trading center, the Financial
33 34 Contents 2 Securities and Exchange Commission Introduction The Securities and Exchange Commission, Thailand (“SEC”), an independent state agency, was established under the promulgation of the
where a foreign company has been established. 1 Law on State Administration means the State Administration Act B.E. 2534 (1990). 3 Part 1 General Provisions ______________________ Chapter 1 Scope of the
relevant entities while preserving market fairness and transparency. The Securities and Exchange Commission, Thailand is an independent government agency established to supervise and develop the Thai capital
ex-officio Chairman, not to attend the Board meetings to ensure SEC independence. ** By virtue of Section 21 and Section 38(5) of the Act on the Administrative Organization of the State Affairs, B.E
, as well as some Thai investors. Retail investors remain important in the market TABLe 3: State Owned enterprises Listed Com State Shareholder % of Shares State Linked Shareholder % of Shares PTT MOF