The Stock Exchange of Thailand (SET) and SetTrade.Com have co-launched an online new issue share subscription service for consumers.
The first company scheduled to offer on the Internet in early November is Internet Thailand PCL.
Kittiratt Na-Ranong, SET president, says the new service will reduce the burden on issuers and make it easier for private investors to sign up for new issues.
According to Somkid Jiranantarat, managing director of SetTrade.com, interested parties can register in advance for future transactions. When it comes to the booking day, consumers enter their password and select the stocks of choices and number of the stocks. Confirmations can be exchanged using mobile phone or email.