shareholders
- 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…
- Business News
Thai SEC urged to tackle Stark’s negative shareholder equity, boost investor trust
Finance Minister Arkhom Termpittayapaisith urged the Securities and Exchange Commission (SEC) to address Stark Corporation’s negative shareholder equity issue to safeguard investors’ interests and bolster confidence in the market. Arkhom held discussions with the SEC’s secretary-general about the stock issue and encouraged the regulator to utilise available tools to boost investor trust in the market. He said… “It is crucial…
