Stock Exchange of Thailand to list 28 new depositary receipts

On Tuesday, the Stock Exchange of Thailand announced it will list 28 new depositary receipts linked to equities and exchange-traded funds from Asia, Europe, and the United States. Trading in the new instruments is scheduled to begin Wednesday.

Krung Thai Bank (BKK:KTB), a state-controlled lender, will serve as the issuer for the depositary receipts. The exchange stated that the new series encompasses sectors including semiconductors, electronics, artificial intelligence, clean energy, infrastructure, and aerospace.

Among the Asian entries in the lineup are Advanced Micro-Fabrication Equipment Inc (SS:688012), a Chinese chip-equipment maker, and Hua Hong Grace Semiconductor (SS:688347).

The list additionally features U.S. companies Dell (NYSE:DELL), Intel (NASDAQ:INTC), and Palantir (NYSE:PLTR), together with European aerospace manufacturer Airbus (EPA:AIR).

This initiative follows a comparable action by the Singapore Exchange, which announced in July that it would introduce depositary receipts for SpaceX, Grab (NASDAQ:GRAB), and Sea (NYSE:SE).

The Stock Exchange of Thailand has also recently disclosed plans to revise its listing criteria in order to attract new-economy and foreign companies.

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