BANGKOK, December 13, 2018 – The Stock Exchange of Thailand (SET)’s first
depositary receipt, DR, representing a Vietnam exchange-traded fund (ETF),
issued by Bualuang Securities pcl (BLS), will be listed on December 18 under the
ticker symbol “E1VFVN3001”.
SET President Pakorn Peetathawatchai said that the listing of DR is another key
development of Thai capital market to connect foreign market and broaden
investment opportunities for investors interested in portfolio diversification
overseas. While this first Thai DR is based on Vietnam’s VFMVN30 ETF, SET
intends to promote more DR varieties in the future.
BLS Executive Director Pichet Sithi-Amnuai said the issued DR will represent
VFMVN30 ETF, tracking the top 30 large-cap stocks listed on Hochiminh Stock
Exchange. The DR’s initial public offering (IPO) held during December 3-7, 2018
managed to raise THB 624.39 million (approx. USD 19 million). We expected that
there will be more investment demand after enlisted on SET.
Depositary Receipt or DR is an investment instrument that represents foreign
company’s securities issued by the commercial banks or brokerage firms with
approval of the Securities and Exchange Commission (SEC). DR enables Thai
investors to have exposure in foreign assets easily through SET. DR trading
could be conducted similarly to securities trading, as such providing
convenience for all investors.
For more information, please see the prospectus at the SEC’s website at
www.sec.or.th; and for general information, please visit www.bualuang.co.th, as
well as www.set.or.th.
Source: The Stock Exchange of Thailand