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Published on March 10, 2008

SET president Patareeya Benjapholchai said last week that the 107 companies that declared their listing plans to the SET as special cases last year were the target.

"The SET thinks that if the 107 firms that already sought pre-listing filings with the SET last year do not hurry up [to complete the process with the SEC], they might face a congestion problem in going public late this year," she said.

To be eligible, each of the 107 companies must have at least 300 new shareholders with at least 100 shares each. Those listing on the Market for Alternative Investment (MAI) must have at least 100 new investors each.

The SET's move comes after the government announced a tax stimulus package that extends corporate income tax breaks for another year for newly listed companies.

The net income of companies listing on the SET this year will be subject to a tax rate of 25 per cent for three years, less than the regular rate of 30 per cent, while those listing on the MAI will pay 25 per cent for three years.

The earlier the 107 companies turn in their listing applications with the securities watchdog, the more in financial assistance they would receive from the SET.

Companies submitting by next month get Bt300,000, while those submitting in May and June get Bt200,000 and Bt100,000, respectively.

Siriporn Chanjindamanee

The Nation