Investment Banking & Advisory Services (IB&A)
Maybank Securities (Thailand) Public Company Limited (The Company) is one of the leading providers of IB&A services in Thailand including financial advisory and securities underwriting services. The Company has rendered IB&A services through its professional financial advisory staffs with seasoned experience and proven track record in the field, and this has allowed us to provide high-quality IB&A services to our leading corporate clients in observance of regulatory requirements for a long time. This has created strong trust in our high-quality and professional IB&A services among our corporate clients. Our financial advisory services have covered many areas, all of which aim to assist our listed-and non-listed corporate clients to raise funds via the Stock Exchange of Thailand (SET) to support their business expansion.
The Company’s IB&A services include
1) Securities offering
2) M&A
3) Independent financial advisory
4) Debt & corporate restructurings
5) Other financial advisory.
Our securities underwriting services aim to assist our corporate clients in placing securities such as equity instruments, debt securities (bond and bill of exchange), infrastructure fund (IFF) and real estate investment trust (REIT). Prior to undertaking our underwriting services, the Company will take into account factors like business fundamentals of the securities issuers, prevalent money and capital market conditions, investment demand from target investors as well as our securities placing capabilities.
Listing Requirements
|
SET |
MAI |
1. Company Status |
Must be a public limited company, or |
The same as the SET |
2. Paid-up Capital after IPO |
>= 300 MB |
Must be at least 20 MB, but less than 300 MB |
3. Distribution of Minority |
|
|
4. Public Offering - No.of Shares to be Offered to the Public
|
Must be granted an approval by the SEC - For any companies with paid-up cap.< 500 MB., >= 15% of paid-up cap. Offered through an underwriter |
The same as the SET >= 15 % of paid-up cap The Same as the SET |
5. Track Record and Market |
- Track record: >= 3 years in operation |
- Track record: >= 2 years in operation |
6. Financial Condition and |
- Stable financial condition and sufficient
|
- The same as the SET - Shareholder's equity base of >= 20 MB
|
7. Management
|
|
The same as the SET |
8. Corporate Governance and |
- Have good corporate governance |
The same as the SET |
9. Conflicts of Interest |
- No existing or potential conflict of interest |
The same as the SET |
10. Articles of Association |
- Those of the listed companies as well as |
The same as the SET |
11. Financial Statements and |
- Have been prepared in accordance with SEC rules and regulations as well as Thai GAAP applied to public limited companies |
The same as the SET |
12. Provident Fund |
- Must be established prior to listing |
The same as the SET |
13. Financial Advisor |
- Must be appointed prior to listing |
The same as the SET |
Silent Period Requirement
|
SET and MAI |
Shareholders who are subject |
Strategic Shareholders ** |
Number of shares subject |
65 % of paid-up shares after the company’s public offering |
Silent Period |
1 year and 6 months from the first listing date. However, after 6 months, the shares subject to the silent period will be released 25% every 6 months. |
Note:
* Minority shareholders mean persons who are not strategic shareholders.
** By definition, strategic shareholders include:
- Government, SOE, Government Agencies
- Directors, managing directors and the company's top 4 managers
- Persons who hold more than 5% of paid-up capital after IPO, and
- Shareholders who are subject to silent period