SET Group Extend measures to help listed companies (listed companies) affected by the COVID-19 epidemic situation continuously in the year 2021 by 1) Extending the period to reduce the annual registrar fees for listed companies and reduce the annual fees. To listed companies providing investor information through Opportunity Day activities, and 2) increasing the registrar fee reduction measures for listed companies that increase operational efficiency by using digital systems in accordance with the guidelines the SET supports in order to alleviate the cost burden. Of the company starting this Jan.
Mr. Pakorn Pitathawatchai Director and Manager The Stock Exchange of Thailand disclosed that the situation of the COVID-19 virus outbreak still affects the global economy and industry, including Thai companies. Last year, the company has prepared and adjusted its strategy to operate its business in a timely manner. Continuously But the burden of expenses is still another factor affecting operations. Latest SET Group Expand cost reduction measures for listed companies, including property funds, real estate investment trusts (REITs) and infrastructure funds (IFFs) in 2021 as follows:
- Extend the annual fee reduction measures: 1.1) Reduce the registrar fee (TSD Annual Registrar Fee) 10% for listed securities on SET and mai. 1.2) Reduce the annual fee for listed companies up to 20%, not exceeding 200,000 baht for listed companies. Providing information to investors through the Opportunity Day activity
- Add new measures By reducing additional registrar fees up to 15% for listed companies that increase operational efficiency by using digital systems in accordance with the guidelines set by the SET Group Support within 2021 by deducting fees in the following years: 1) Prepare quarterly financial data via FSCOMP (Financial Statement Comparability) system to submit reports that are comparable standards 2) Use QR Code to submit report information forms. Annual General Meeting of Shareholders (AGM) 3) Use e-Proxy Voting for AGM meetings and 4) Operate the registrar in accordance with TSD’s supportive guidelines to reduce business processes and costs.
“The Stock Exchange of Thailand Aiming to develop the capital market to benefit all sectors including the capital market, society and the nation. To grow together Under the vision of “To Make the Capital Market ‘Work’ for Everyone” and ready to support the capital market participants to overcome the strong situation together while still believing that the listed companies will benefit from Infrastructure developed for the industry To increase the potential and efficiency of business operations in the long term, “said Pakon.
Please follow up additional information via SETLink at www.setlink.set.or.th. Ask for more information at [email protected]
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