SET signs MoU with Oslo Stock Exchange, renews MoU with Chittagong Stock Exchange

Stocks and Financial Services Press Releases Thursday September 7, 2017 15:47
Bangkok--7 Sep--SET

The Stock Exchange of Thailand (SET) and Oslo Stock Exchange (OSE) of Norway today signed a memorandum of understanding (MOU) to synergize efforts on capital market development and business opportunities between the two countries, including listing, trading, products and services development, roadshow and information sharing. SET also renewed the MoU with Chittagong Stock Exchange (CSE) to continue the co-operation between the two exchanges.

SET President Kesara Manchusree said, "The inaugural MoU between SET and OSE, spanning five years from today, underscores SET's mission in connecting Thailand and the region to the world. The MoU aims to foster closer collaboration including exploring a framework to promote secondary listing on another party's exchange and product development such as depository receipts (DRs) and exchange traded funds (ETFs) with Thai or Norwegian underlying. It also encompasses seeking the possibility of the cross-trading of securities, arranging investment activities to expand opportunity for investors, as well as information sharing."

"For the Oslo Stock Exchange, it is exciting to further expand our international scope by entering into this MoU with The Stock Exchange of Thailand," says Bente A. Landsnes, president and CEO of the Oslo Stock Exchange. "Co-operating on important strategic areas for both exchanges will mutually strengthen our two markets and benefit issuers who wish to expand their investor base."

Furthermore, SET also renewed the MoU with Chittagong Stock Exchange (CSE) today (Sept 7) for another five years. The MoU between SET and CSE started in 2002 to promote knowledge and expertise sharing regarding the products and services, encompassing the seeking of products and services development possibilities, as well as promoting business opportunities.

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