Bangkok: The Stock Exchange of Thailand (SET) has announced that five listed companies may face delisting due to non-compliance with shareholding regulations. The companies have been unable to maintain the required balance of shareholding among retail investors and have had their securities suspended from trading for over a year.
According to Thai News Agency, the SET's action follows reports from the companies indicating incomplete distribution of shares to minority shareholders. This situation led to their securities being marked as CF and later SP (Suspension), restricting any trading since June 5, 2025. The continuous SP marking indicates an unresolved issue with the distribution qualifications for minority shareholders, potentially leading to delisting under the SET's regulations on the delisting of securities.
The companies facing potential delisting are CIMB Thai Bank Public Company Limited (CIMBT) with 5.17% minority shareholders, Grand Canal Land Public Company Limited (GLAND) with 5.09%, Laguna Resorts and Hotels Public Company Limited (LRH) with 12.16%, NFC Public Company Limited (NFC) with 9.42%, and Royal Orchid Hotels (Thailand) Public Company Limited (ROH) with 3.00%, all based on 2026 figures. The SET's regulations mandate that these companies meet the shareholding distribution requirements to avoid delisting.
In line with the Stock Exchange regulations, the SET has reiterated that the common shares of these companies are under threat of delisting if they fail to rectify the issues concerning shareholding distribution to retail investors. The ongoing suspension since June 5, 2026, marked with NC (Non-compliance) and SP, remains in place until the companies address the delisting criteria. Should they fail to do so, the SET may proceed with the delisting process.