ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Politics

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more