The Stock Exchange of Thailand (SET) has joined hands with Singapore Exchange (SGX Group) to move ahead with the Thailand-Singapore depositary receipts (DR) linkage project.

The SET and SGX Group have further strengthened investment links, expanding opportunities for investors to access securities of both countries via depositary receipts (DR), under the collaborative project called Thailand-Singapore DR Linkage.

"The Thailand-Singapore DR Linkage is the first exchange-level DR cooperation in Asean, bringing investors enhanced access and efficiency to the region's securities markets," said Pakorn Peetathawatchai, president of the SET.

Under the Thailand-Singapore DR Linkage, depositary receipts representing shares in an SGX-listed security will be issued for trading on the SET and vice-versa.

Investors in Thailand and Singapore will benefit from the ease in buying and selling securities via a DR through their local broker arrangements and in their local currency.

"This marks the first milestone in the journey towards a more integrated and accessible Asean exchange market, enabling investors to trade Asean stocks via DR seamlessly across the entire region. We will continue to foster bilateral relationships with...