BANGKOK, Dec 6 (TNA) – Stock Exchange of Thailand (SET) president Patareeya Benjapolchai said SET would not temporarily suspend trading of PTT Plc securities although the Supreme Administrative Court is set to rule on the legitimacy of the privatisation and stock listing of the company on December 14.
She said the exchange would not warn investors of the imminent ruling by posting a suspension (SP) sign on PTT's shares because news and information on the matter had been widely disseminated.
The investors are able to closely monitor the news and information and acknowledge how the court would decide the case.
Finance Minister Chalongphob Sussangkarn said all parties involved in the case could do nothing now but to wait for the court's final ruling.
SET has a duty to monitor and supervise PTT share movements in response to news reports that foreign investors had dumped the shares in a large amount.
He said the Finance Ministry, which is a major shareholder of the country's giant oil trader, would not make any movement. It would wait for the court's decision on the case.
Financier-turned politician Korn Chatikavanich, deputy secretary of the Democrat Party, said should the court rule against the legitimacy of the privatisation and stock listing of PTT, it would definitely affect investment sentiment in the Thai stock market.