{"version":"1.0","provider_name":"Tilleke &amp; Gibbins","provider_url":"https:\/\/www.tilleke.com","author_name":"Joel Akins","author_url":"https:\/\/www.tilleke.com\/author\/joel\/","title":"Thailand Eases Stock Buybacks with Proposed Amendment: Listed Companies Expected to Jump In - Tilleke &amp; Gibbins","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"ueq0x7MwQ8\"><a href=\"https:\/\/www.tilleke.com\/insights\/thailand-eases-stock-buybacks-with-proposed-amendment-listed-companies-expected-to-jump-in\">Thailand Eases Stock Buybacks with Proposed Amendment: Listed Companies Expected to Jump In<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.tilleke.com\/insights\/thailand-eases-stock-buybacks-with-proposed-amendment-listed-companies-expected-to-jump-in\/embed\/#?secret=ueq0x7MwQ8\" width=\"600\" height=\"338\" title=\"&#8220;Thailand Eases Stock Buybacks with Proposed Amendment: Listed Companies Expected to Jump In&#8221; &#8212; Tilleke &amp; Gibbins\" data-secret=\"ueq0x7MwQ8\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/* ]]> *\/\n<\/script>\n","description":"In response to the Thai stock index\u2019s decline and market volatility, Thailand\u2019s Department of Business Development is proposing an amendment to the country\u2019s treasury stock rules to ease the requirements for both the implementation and the disposal of shares, as they see this as a timely opportunity to optimize the use of treasury stock as a tool to support share prices and prevent them from falling below their fundamental value. The rules governing treasury stock for public companies are set out in the Public Limited Companies Act B.E. 2535 (1992) (PLCA), its accompanying ministerial regulation, and the relevant rules issued by the Stock Exchange of Thailand (SET). The law permits share repurchases in two circumstances: (1) to buy back shares from dissenting shareholders following an amendment to the articles of association affecting voting or dividend rights, and (2) for financial management purposes when the company has retained earnings and excess"}