BANGKOK -- The Thai Securities and Exchange Commission on Tuesday announced new criteria for marking financially distressed companies listed on the Bangkok bourse from April, as well as new listing rules that it said will take effect next January.
The "C" or caution sign on the Stock Exchange of Thailand will from April apply to companies that have reported net losses for three consecutive years or annual revenue below 100 million baht ($2.8 million), defaulted on loans or bonds, or submitted financial statements with a "no comment" from an auditor.
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