IPOs between 2002-2005, 10 out of 93 firms posted NC status. The probability of becoming delisted increases considerably after year 6 of listing. 2 Illustration of reverse takeover 3 Private firm
representative office in the Kingdom shall obtain an approval from the Office. The representative under the first paragraph shall undertake only those businesses specified in the approval. The provisions of
Transaction Notifications; (b) obtain approval for the connected transaction from the shareholders’ meeting of the Company with votes of not less than three-fourths of the total votes of the shareholders
follows: (a) disclose information on the connected transaction of the Company to the SET pursuant to the Connected Transaction Notifications; (b) obtain approval for the connected transaction from the
has made payment for the subscription, the securities company shall count in the value of rights to obtain capital increase shares as collateral and purchasing power or short sale power as from the date
under the Credit Agreement since the provision of loans under the said Credit Agreement is subject to various conditions precedent as provided in 6), e.g. the Company must obtain approval from its Board
used to manipulate markets and to obtain control over a company without being subject to any takeover or disclosure regulations. Moreover, co- operation might also be for the purposes of circumventing
amended) (the “Takeover Notification”) at the offering price of Baht 15.70 per share. The launch of conditional voluntary tender shall take place provided that the Company obtains approval from the
the Acquisition of Securities for Business Takeovers (as amended) (the “Takeover Notification”) at the offering price of Baht 15.70 per share. The launch of conditional voluntary tender shall take place
, Conditions, and Procedures for the Acquisition of Securities for Business Takeovers (as amended) (the “Takeover Notification”) at the offering price of Baht 15.70 per share. The launch of conditional voluntary