Bangkok: The Stock Exchange of Thailand (SET) has notified nine listed companies to urgently resolve their insufficient free float before the one-year deadline, as they risk delisting.

According to Thai News Agency, the firms have been marked with CF or SP due to inadequate shareholding distribution among minority shareholders.

Companies marked with CF include PICO (Thailand) Public Company Limited and Amarin Corporation Public Company Limited. Companies marked with SP are CIMB Thai Bank Public Company Limited, Grand Canal Land Public Company Limited, Laguna Resorts and Hotels Public Company Limited, NFC Public Company Limited, Royal Orchid Hotels (Thailand) Public Company Limited, Unique Mining Services Public Company Limited, and UOB Kay Hian Securities (Thailand) Public Company Limited.

The SET urges these companies to rectify their free float requirements within the stipulated one-year period. Failure to do so may lead to PICO and AMARIN being prohibited from trading if marked SP, while the other companies may face potential delisting with an NC (Non-Compliance) mark. Notably, UOB Kay Hian Securities is currently in the process of a tender offer for securities to request voluntary delisting.