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Politics

Thai king ups holdings with $138m Siam Cement stake

Monarch becomes industrial conglomerate's 15th-largest shareholder

Thailand's King Maha Vajiralongkorn takes part in the royal cremation procession of late King Bhumibol Adulyadej at the Grand Palace in Bangkok in October 2017.   © Reuters

BANGKOK -- Thailand's King Maha Vajiralongkorn Bodindradebayavarangkun has become a major shareholder of industrial conglomerate Siam Cement Group (SCG) with a 0.76% stake worth 4.6 billion baht ($138 million), expanding his holdings in Thai blue-chip companies.

Controlling some 9 million shares, the king is now SCG's 15th-largest shareholder in his own right, according to a list of the company's major shareholders.

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