Mr. Charoen Sirivadhanabhakdi, a major shareholder of Berli Jucker Public Company Limited (SET: BJC), Asset World Corp Public Company Limited (SET: AWC), and Thai Group Holdings Public Company Limited (SET: TGH) through Sutthasup 9 Co., Ltd., has informed the Stock Exchange of Thailand regarding a change in the company’s shareholding structure as follows:
On 26 May 2025, Mr. Charoen has transferred all of his shares held in Sutthasup 9 Co., Ltd. (which is an entity that indirectly controls the aforementioned companies) to his family members, namely his five sons and daughters, in equal proportions. None of the family members has significant controlling power in Sutthasup 9 Co., Ltd., which is the entity that was already a shareholder of the company (the chain principle).
As a result, this share transfer to the family members does not constitute an acquisition of securities for the purpose of business takeover and does not fall under the criteria that would require a mandatory tender offer for all securities of the company, pursuant to the Notification of the Capital Market Supervisory Board No. TorChor. 12/2554 Re: Rules, Conditions, and Procedures for the Acquisition of Securities for Business Takeovers.
All three companies have informed that the restructuring has no impact on the current management structure, business operations & strategic direction, management structure or the Board of directors’ structure of the companies.
