shareholders
- Business News
Thai Airways cash turbulence: Will shareholders give a capital lift-off?
In a dramatic twist, shareholders of Thai Airways International (THAI) are in a heated debate over whether to pump more cash into the airline, despite its recent financial turnaround. With a shiny rehabilitation plan in place, which includes a bold proposal for capital injection, the airline’s comeback story is under the microscope. Central to this saga is the question of…
- Thailand News
Stark Corporation scandal: Court declares class action
The Bangkok South Civil Court ruled in favour of turning the lawsuit against former executives of Stark Corporation into a class action. Accused of duping the public under the Securities Act, the defendants, Vonnarat Tangkaravakoon, Chanin Yensudjai, Chinnawat Assavapokee, Sathar Chantrasettalead, and Kittisak Jitprasertngam, now face the wrath of 4,500 shareholders seeking justice. Upon thorough evaluation of the plaintiffs and…
- Business News
Sarath Ratanavadi remains wealthiest shareholder in Thai market for fifth year
For the fifth year running, Gulf Energy Development Plc‘s Chief Executive, Sarath Ratanavadi, tops the list as the wealthiest shareholder in the Thai capital market. Despite a 12.9% dip from the previous year, his shares were valued at a whopping 190 billion baht, according to a recent survey. The annual assessment, a joint effort between Money & Banking magazine and…
- Business News
Thai business department investigates 439 firms for potential nomination violations
In a move to suppress the ‘grey’ market in the fiscal year 2023, the Business Development Department (BDD) investigated 439 companies, suspecting them of acting as nominees for foreign corporations. Interestingly, legal entities potentially involved in nominee activities were discovered in Chiang Mai and Chon Buri provinces. The BDD Deputy Director-General, Jitakorn Wongkhatekorn, revealed that the agency inspected three targeted…
- World News
BP faces shareholder revolt over its changes in strategies
BP, the energy giant, is facing a shareholder revolt today due to its decision to slow its energy transition. Activist investors have pledged to block the re-election of the company’s board of directors’ chief in response. Numerous major UK pension funds have expressed their intention to oppose the renewal of Helge Lund’s mandate during the annual general meeting in London.…
