MAI firms set for jump to main board

The MAI has been a hot performer for the past 18 months and as a result of this several companies are going to make the jump from the MAI to the SET.

Here are the key points:

Ten MAI-listed companies have met the criteria to upgrade to a listing on the Stock Exchange of Thailand, with three set to leave the smaller bourse soon.
Mono Technology, a leading entertainment content provider, and Asian Phytoceuticals (APCO) are two of the three companies, said Market for Alternative Investment president Prapan Charoenprawatt.
The MAI, a bourse for small companies, will lose 10 billion baht in market capitalisation after the three companies move to trade on the SET, Mr Prapan said.
As of Tuesday (27/01), the MAI’s market value was 426.53 billion baht.
According to the SET’s criteria, any companies applying to list on the main board must have paid-up capital of at least 300 million baht and a minimum market capitalisation of 5 billion baht.

ThaiCapitalist