Beyond Securities Public Company Limited, or BYD, has resolved to change its name to BYDH Securities Public Company Limited, or BYDH, and to spin off its financial advisory business into a newly established subsidiary. This move supports the planned merger with Kingsford Securities Public Company Limited and the transformation into a holding company. The board of directors meeting on 5 August 2026 approved the proposal to be presented to an extraordinary general meeting of shareholders for consideration of the name change and amendment of the memorandum of association, as well as the establishment of a subsidiary with paid-up registered capital of no less than 10 million baht to operate the investment banking business separately. This requires approval from the Securities and Exchange Commission and membership in the Investment Banking Club. The second extraordinary general meeting of shareholders for 2026 is scheduled for 15 September 2026, with the list of shareholders entitled to attend the meeting as of 20 August 2026.
Beyond Securities PCLBYD plans to spin off its financial advisory business and merge with Kingsford, a restructuring that could unlock value and streamline operations.
