Bangkok: The Stock Exchange of Thailand (SET) has announced the removal of the "H" (halt) designation from Jasmine International Public Company Limited (JAS) shares, allowing trading to resume normally. This decision follows the company's disclosure of securing broadcasting rights for two FIFA World Cup tournaments, valued at US$70 million, or approximately 2.3 billion baht.
According to Thai News Agency, the SET had previously suspended JAS shares on June 11, 2026, due to the lack of disclosure regarding the significant $70 million deal with FIFA. The exchange deemed the information crucial for investment decisions and consequently halted trading until JAS provided necessary details.
JAS later clarified to SET that the payment for the broadcasting rights would be made through three installments: $3 million within 10 days of the World Cup's commencement, $17 million within 30 days after the event concludes, and $50 million before the 2030 World Cup begins. The company plans to fund the deal using its cash flow, which includes cash and cash equivalents totaling 2,164 million baht, alongside loans from financial institutions that are currently under negotiation.
The "H" designation is used by the Stock Exchange of Thailand to temporarily suspend trading when there is significant information that might impact the security price or investor decisions. Once the necessary information has been fully disclosed by the company, the exchange can lift the halt and resume trading.