Thailand Stock Exchange Sees More Listings of Foreign Securities

Thailand expects more companies from neighboring countries to raise funds on the local exchange through real estate investment trusts as authorities aim to expand investment alternatives for locals and foreigners.

The Stock Exchange of Thailand has approached owners of hotels, office buildings, shopping malls and other properties in Laos, Cambodia and Myanmar to tap its capital market for long-term funds, said Manpong Senanarong, the head of the bourse’s Issuer Marketing Division. Spinning off assets would be faster and easier than doing initial public offerings of entire companies, he said.