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Thai king becomes top shareholder of Siam Cement, Siam Commercial

Monarch to bring "all crown assets" under his name, dividends to be taxed

Thailand's King Maha Vajiralongkorn attends the annual Royal Ploughing Ceremony in Thailand in May.   © Reuters

BANGKOK -- Thailand's King Maha Vajiralongkorn Bodindradebayavarangkun has increased his stakes in industrial conglomerate Siam Cement Group and Siam Commercial Bank to become top shareholder of the two prominent listed companies.

As of June 15, he took over all the shares that were previously controlled by the Crown Property Bureau, an entity that manages royal assets on behalf of the royal family.

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