Updated: Money matters

19 08 2018

Readers may recall the changes made to the Crown Property Bureau in June and the somewhat murky associated share transfers at two of Thailand’s biggest firms, Siam Commercial Bank and Siam Cement Group that preceded that. These changes were demanded by the king and approved by the military junta.

Reuters reports that one of the flow-ons of these deals is that:

Thailand’s King Maha Vajiralongkorn is now the largest shareholder in the country’s biggest industrial conglomerate, Siam Cement Group Pcl, data from the Stock Exchange of Thailand (SET), published on its website on Saturday showed.

It shows the king as having a 33.30 percent share, making him the biggest shareholder in the construction and industrial supplies firm. The monarch’s holdings in the company have a value of nearly 180 billion baht ($5.43 billion).

Data for the Siam Commercial Bank has not been updated. There the CPB is till listed as the second top shareholder (19.61%) while the king is listed with 3.33%. Presumably that will change soon.

Update: We corrected the link and the data in the final paragraph above.


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2 responses

9 03 2019
Working for the man? | Political Prisoners in Thailand

[…] we mentioned in a recent post, King Vajiralongkorn is very wealthy. After changes to the Crown Property Bureau Act, his shares in the Siam Commercial Bank (SCB) and the Siam Cement Group (SCG) are valued at US$9.23 […]

9 03 2019
Working for the man? | Political Prisoners of Thailand

[…] we mentioned in a recent post, King Vajiralongkorn is very wealthy. After changes to the Crown Property Bureau Act, his shares in the Siam Commercial Bank (SCB) and the Siam Cement Group (SCG) are valued at US$9.23 […]




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