Bangkok: The Stock Exchange of Thailand (SET) has notified 15 listed companies to expedite the process of correcting the qualifications for the distribution of shareholdings of small shareholders, known as Free Float, to be completed by June 4, 2025.
According to Thai News Agency, the SET has marked a "CF" designation on these companies since June 5, 2024, indicating incomplete distribution of shareholdings among retail shareholders. The companies affected include Asia Network International Public Company Limited (ANI), CIMB Thai Bank Public Company Limited (CIMBT), Grand Canal Land Public Company Limited (GLAND), GMM Grammy Public Company Limited (GRAMMY), and KWI Public Company Limited (KWI), among others.
The SET has emphasized that since these companies have been continuously marked with CF and are nearing the one-year deadline without resolving the Free Float issue, they must expedite their efforts. The deadline for compliance is June 4, 2025. Failure to correct these qualifications will result in the SET marking an "SP" (Suspension) on the companies' securities, prohibiting trading until the minority shareholdings are properly distributed.