Quote:
Originally Posted by K2
From BKK Post:
"A maximum of 15 Thai-listed companies
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Few foriegn companies are listed anyway.
from the same article
"Companies that already invest and use the nominee structure will have to liquidate or find a partner within one year," said Ekachai Chongvisal, who helps oversee the equivalent of $2 billion at Tisco Asset Management Co in Bangkok.
"Given the strict timeframe of 12 months I doubt many Thai investors will be able to absorb all this liquidation."
If it was only a handful of companies, then they could flip ownership without much worry.
K2, with respect, if this was such a small deal then the local foreign business community wouldn't be reacting they way they are. Maybe they have better insight into the workings here than foreign forex traders.
I agree we have to wait. I think it won't be good news. Thailand should be moving toward liberalization and true foreign ownership.