Thai King Now Owns Largest Share of Thailand’s Biggest Industrial Conglomerate

by admin on August 23, 2018

King_Rama_X_official_(crop)

Thailand’s King Maha Vajiralongkorn is now the largest shareholder of┬áSiam Cement Group Pcl, the country’s fourth most valuable company, according to the Stock Exchange of Thailand.

The King’s holds a 33.3% share of the giant industrial supplies and construction company, which amounts to over $5 billion.

In June, the Crown Property Bureau (CPB), which manages the monarch’s vast wealth and land holdings, issued a statement giving the King personal ownership over all of its assets.

According to Forbes, the change made King Vajiralongkorn the richest monarch in the world, with a wealth of over $30 billion.

The King is also listed as the seventh largest stockholder of Siam Commercial Bank, the third most valuable company in Thailand. The CPB is still listed as the number one shareholder.

Read the full story here.

For an expert Thailand business lawyer, contact the seasoned attorneys at Chaninat & Leeds.

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