The Thai Stock Exchange is proposing a "Dual Class of Share" structure to government, allowing family business owners to raise capital via the stock market while retaining voting control. Under this model, different share classes carry different voting rights (e.g., 1 share = 2–5 votes), while dividend rights remain equal. This could increase Free Float from ~15% to ~40% without founders losing governance power. Implementation is planned within this year pending regulatory changes, targeting both new IPOs and potentially existing listed companies.
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