SEC exempts fees related to REIT buy-back unit offering to help reduce fundraising cost for businesses affected by COVID-19
Thursday 18 November 2021 | No. 207 / 2021
Bangkok, 18 November 2021 – The Securities and Exchange Commission (SEC) has announced an exemption of fees related to submitting application and filing for unit offering of real estate investment trusts with the buy-back condition (REIT buy-back). To be eligible for the exemption, the application must be filed with the SEC Office by December 31, 2023.
SEC Secretary-General Ruenvadee Suwanmongkol said: “The SEC has the duty to supervise and develop the Thai capital market. One of our key responsibilities is to help increase businesses’ access to funding through capital market’s fundraising mechanisms and tools. To support liquidity of businesses affected by the COVID-19 pandemic who wish to raise fund using REIT buy-back, the SEC has considered exempting fees for application and filing submitted during February 1, 2021 and December 31, 2023. We hope this exemption will further reduce a burden to private sector in this difficult time.”
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