Keep an eye on the new stock ‘True’ after the merger of DTAC, set to resume trading on March 3, dropped from the SET50-SET100 list after becoming a new company. but win the stock market Giving the right to return to the Fast Track list after the market has reached 300 billion baht.
Securities Company Research Department (Kasikorn Securities) stated that to follow True Corporation Public Company Limited (TRUE) will start trading on March 3, causing the securities that are expected to be included in the calculation of the SET50, namely SAWAD. and in SET100 is SIRI
The Stock Exchange of Thailand The securities with the highest market cap will be selected at the closing price on February 28, 2023 (3 business days before new securities are traded) from the current reserve securities in the SET50 (SAWAD, IRPC, THG, KKP, BLA) and the current SET100 (SIRI, JWD, STEC, SUPER, GFPT)
Pisut Ngamwijitwong, senior director Securities Analyst Department, Kasikorn Securities further explained that According to the rules of the Stock Exchange of Thailand (SET), the existing shares of TRUEE will be withdrawn from the calculation from the SET50 and SET100 because it is considered that the existing shares of TRUEE have been delisted from the SET. Due to a merger with DTAC to become a new company. which is in accordance with the regulations of the Stock Exchange of Thailand
While the shares of the new company arising from the merger of TRUEE and DTAC will be considered as new shares that will be traded and re-listed. So it depends on the stock market. Whether the new shares of TRUEE and DTAC resulting from the merger will be considered as a special case to be able to be included in the SET50 and SET100 Fast Track calculations or not.
“Usually, the stocks that are included in the calculation of SET50 and SET100 must be stocks that have been traded. But the new shares of TRUEE and DTAC resulting from the merger will be considered as new shares on the basis. still cannot be selected to calculate But there are exceptions. Because in the case of a very large new stock, there is a chance that it will return to the SET50 and SET100 Fast Track because the two companies, when combined, will have a new combined market cap of almost 300 billion baht. with the consideration of the Stock Exchange of Thailand Because if it’s not calculated with the market cap of SET50 and SET100, it won’t be the size it should be.
While on February 22, True Corporation Public Company Limited (TRUEE) notified the Stock Exchange of Thailand Regarding the progress in the case of the merger between the Company and Total Access Communication Public Company Limited (DTAC) by holding the 2nd joint meeting between the shareholders of both companies on February 2, 2023 at 2:00 p.m. to consider matters related to the merger of companies The meeting resolved to approve the name of the new company arising from the amalgamation between the Company and DTAC that True Corporation Public Company Limited and use the English name ‘True Corporation Public Company Limited’.
Previously, to prepare for the allocation of shares of the new company to the shareholders of both companies. Including related actions, TRUEE and DTAC will suspend trading of their shares for a period of 9 business days starting from February 20 – March 2, 2023.
