[Last updated: 1 January 2025, unless otherwise noted]

Thai law does not recognize the concept of privatizations or "go private". The shareholders can delist the company and become a public non-listed company. However, although the shares in a listed company are completely delisted from the SET, such company will remain as a public company and cannot be converted back to a private company. As a result, the public company still has to comply with the provisions in the PLCA and other relevant rules and regulations applicable to public companies.