Bangkok: The Stock Exchange of Thailand (SET) has issued a warning to seven listed companies, urging them to promptly address issues related to the distribution of shares among minority shareholders, commonly known as free float, within the stipulated timeframe.
According to Thai News Agency, the SET has identified deficiencies in the free float levels of these companies, leading to the application of either a CF (Warning: stocks of companies with "low free float") or SP (Suspension: temporary suspension of trading) mark. Amarin Corporations Public Company Limited [AMARIN] received a CF mark on June 5, 2025, with a deadline for action set for June 4, 2026. Meanwhile, companies like CIMB Thai Bank [CIMBT], Grand Canal Land Public Company Limited [GLAND], Laguna Resorts and Hotels Public Company Limited [LRH], NFC Public Company Limited [NFC], Royal Orchid Hotels Public Company Limited [ROH], and Unique Mining Services Public Company Limited [UMS] were marked with SP on June 5, 2025, and their one-year operating period has since expired.
The SET has emphasized the urgency for these companies to rectify their free float deficiencies. If the companies fail to meet the requirements by their respective deadlines, the SET will enforce stricter measures. For AMARIN, currently marked with CF, an SP mark will be applied to halt trading activities until shareholdings are adequately distributed to retail investors. For the companies marked with SP-CIMBT, GLAND, LRH, NFC, ROH, and UMS-the SET will implement an NC (Non-Compliance) mark, maintaining the SP status and potentially initiating delisting procedures for their common shares.