Bangkok, 4 December 2019 - SEC is open for public opinions concerning the issuance of its notification to allow social enterprises, including their shareholders, to make public offerings without prior approval or submissions to SEC. This is to remove difficulties and reduce costs in share offerings by social enterprises that follow the plans approved by the government. It will also enable social enterprises to raise funds through public offerings.
To be in line with the
government’s policy to promote the operations of social enterprises under the
supervision of the Office of Social Enterprise Promotion, and to encourage more
private business operators to contribute to the society, SEC is going to issue
a notification to allow social enterprises, including their shareholders, to
make public offerings without prior approval or submission of information
disclosure forms or any documents for SEC’s consideration. Eligible social
enterprises are those registered with the Office of Social Enterprise
Promotion.
Social enterprises’ objectives are
to solve social problems, promote public benefits, and develop the community
without focusing on making highest profits for shareholders, which are different
from typical limited companies and public limited companies. This notification
will allow social enterprises to be able to make public offerings, whether by
the enterprises or their shareholders, quicker, at lower costs.
SEC has published a hearing document on the above matter
on SEC’s website www.sec.or.th/hearing . Any involved or interested persons are invited to
express their opinions on the website, or via facsimile, at 0 2033 9660, or via
email, to jaruwan@sec.or.th or tayakorn@sec.or.th, from now until 17 December 2019.
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