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SEC hosts Asia Pacific Takeovers Regulators Conference 2019

Thursday 19 September 2019 | No. 121 / 2019

Bangkok, 19 September 2019 – The SEC is hosting the Asia Pacific Takeovers Regulators Conference 2019, an annual platform for expanding cooperative network within the region and sharing views on regulatory frameworks and related experiences, to further promote takeovers efficiency.

The conference takes place at the SEC Office Building from 18-20 September 2019 with delegates of regulatory agencies from 11 Asia Pacific jurisdictions, namely Cambodia, New Zealand, Malaysia, the Philippines, Laos, Singapore, Australia, Indonesia, South Africa, Hong Kong and Thailand. This is the 2nd time the SEC has the honor to host this important event, following the first time in 2013.

SEC Deputy Secretary-General Sirivipa Supantanet said: “Merger and acquisition (M&A) is a key mechanism for strengthening competitiveness and creating opportunities for business sectors. In this regard, governmental policy and a sound regulatory framework are among the key factors for supporting M&A efficiency without compromising the right balance between facilitating business transactions and appropriate investor protection.

“Through this conference, we can expect to see stronger cooperation among regional regulators, sharing of knowledge, views, technical expertise and other experiences related to takeovers. This will not only promote timely updates on new developments but also support proper and efficient supervision,” added Ms. Sirivipa.

During the past five years, an average of 14 listed companies have become targets of tender offers each year. This accounts for approximately 2 percent of 712 listed companies with the total offering value of 1.36 billion baht per year or about 1 percent of the total market capitalization.