Bangkok: The Stock Exchange of Thailand (SET) has removed the "H" (halt) designation from JAS shares after the company disclosed information regarding the broadcasting rights for two World Cup tournaments.
According to Thai News Agency, the SET lifted the halt on Jasmine International Public Company Limited (JAS) shares following the company's disclosure that it had secured broadcasting rights for two FIFA World Cup tournaments. The deal is valued at US$70 million, or approximately 2.3 billion baht, allowing trading to resume normally.
The halt was initially placed on JAS shares on June 11, 2026, at 3:48 PM. This action was taken after news emerged of a potential deal with FIFA for the World Cup broadcasting rights, considered significant information that could impact investment decisions. At the time, JAS had not disclosed this information to the SET, leading to the temporary suspension of trading until further clarification was received from the company.
Later that evening, at 6:32 PM, JAS provided clarification to the SET about the source of the funds for the deal. The payment structure would be divided into three installments: $3 million within 10 days of the start of the World Cup, $17 million within 30 days of the competition's end, and $50 million before the 2030 World Cup starts. The funding would be sourced from the company's cash flow and loans from financial institutions, which are currently under negotiation.
The H (Trading Halt) mark is used to temporarily suspend trading when important information or news could affect the security price or investment decisions. The Stock Exchange can remove this mark once the company has disclosed all necessary information.