การศึกษาเปรียบเทียบกฎเกณฑ์เกี่ยวกับการเข้าจดทะเบียนกับตลาดหลักทรัพย์โดยอ้อม (Backdoor Listing) ของตลาดหลักทรัพย์แห่งประเทศไทยกับตลาดหลักทรัพย์ต่างประเทศ / พิทักษ์พล รุ่งโรจน์สุวรรณ=Comparison of the backdoor listing rules of the Stock Exchange of Thailand /Pitakphol Roongrojsuwan
The purpose of this independent research is to study and compare the backdoor listing rules of the Stock Exchange of Thailand and the Stock Exchange in Asia by comparing with the Notification of the Board of Governors of the Stock Exchange of Thailand, Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004, Main Board Listing Rules of the Stock Exchange of Hong Kong Limited, Market Listing Regulation of the Korea Exchange and Mainboard Rules of the Singapore Exchange Limited. This research covers the study and comparison of the rules applicable for backdoor listing in 3 topics as follows protection of individual investors, strictness of applicable rules and role of the stock exchange that focus on 7 issues including the definition of backdoor listing, the criteria for determining the transaction, the calculation of the transaction value, the evaluation of transaction value, the change of transaction value, the combination of transactions and the proceeding before and after the transactions. From the study, it was found that the regulations for backdoor listing of Thailand are very different in detail compared with Hong Kong Special Administrative Region of the People's Republic of China, Republic of Korea, and Republic of Singapore. Moreover, the results from this study shows that the regulations of backdoor listing in Republic of Korea is least restrictive compared to that of other countries. The Korea Exchange also does not aggressively involve in the monitoring of the backdoor listing transaction.
