• join various training courses and seminars hosted by the Securities and Exchange Commission (SEC), the Stock Exchange of Thailand (SET) and other related professionals such as Financial Advisers and Accountants, which will enhance participants’ understanding on how to :
o raise funds through the capital market and the advantages of listing on the Exchange
o improve the company management processes and procedures to become more efficient, organized, and transparent; and
o adjust the internal control and operation in transition from a family business to a public company with support from experienced professionals;
• receive technical advice from National Science and Technology Development Agency (NSTDA) to improve the production process and have opportunity to become the “fast track” category which may receive funding and taxation privileges under the conditions specified by the NSTDA; and
• receive the exemption of application fee for issuance of securities from the SEC and the SET.
At the closing date of membership application, the IPO, Pride of the Provinces project gathered 104 companies from 34 provinces in various
industries. The success of getting members are from the cooperation with the Ministry of Interior, the SET, the Federation of Thai Industries, Thai Chamber of Commerce, the NSTDA, Investment Banking Club and auditors who help to promote the projects among their members.
As of December 31, 2012, three companies among those 104 companies have been listed on the Market for Alternative Investment (mai) and another five companies are in their filing process with the SEC.
The first IPO, Pride of the Province project launched in first quarter of 2012 and will end in December, 2013. According to the success of the first project, this year, 2013, the SEC will continue that project to support and strengthen the potential businesses nationwide, except Bangkok, to raise funds through the Thai capital market by launching “IPO, Pride of the Provinces” project II. This project will start from 2013 to 2014.