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Economy

King Vajiralongkorn becomes major shareholder in Thailand's third-largest bank

Crown Property Bureau has transferred 3.3% stake in Siam Commercial Bank worth $500m

BANGKOK -- King Maha Vajiralongkorn Bodindradebayavarangkun has personally become a major shareholder in Siam Commercial Bank (SCB) following the transfer this week of shares held by the Crown Property Bureau (CPB) valued at about $500 million. 

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