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Paetongtarn appoints Kiatnakin Phatra to manage stocks in 12 firms

Paetongtarn appoints Kiatnakin Phatra to manage stocks in 12 firms

Provided by Nation.

Prime Minister Paetongtarn Shinawatra has appointed Kiatnakin Phatra to manage her shares worth over 11 billion baht in 12 firms, as required to prevent conflicts of interest. Deputy PM Pirapan Salirathavibhaga has also transferred his shares to a trustee.

Prime Minister Paetongtarn Shinawatra has appointed Kiatnakin Phatra Asset Management as the trustee to manage her shares worth over 11 billion baht in 12 companies, the Office of the National Anti-Corruption Commission (NACC) announced on Monday.

The NACC stated that Paetongtarn signed a contract with Kiatnakin Phatra on 19 November 2024 and transferred her shares to the firm for management.

To prevent conflicts of interest, Cabinet members and their spouses are required to transfer their shares in private companies to a trustee while in office.List of Shares Transferred by Paetongtarn

The NACC disclosed the 12 firms and the number of shares transferred by Paetongtarn as follows:


SC Asset Corporation Co Ltd: 1,026,149,870 shares
P.T. Corporation Co Ltd: 111,000,000 shares
Rende Development Co Ltd: 138,000,000 shares
SC Office Plaza Co Ltd: 41,400,000 shares
SC KS Tech Co Ltd: 54,900,000 shares
B.P. Property Co Ltd: 331,347 shares
OAI Consultant and Management Co Ltd: 18,300,000 shares
OAI Management Co Ltd: 81,000,000 shares
Innovation Capital Co Ltd: 21,812,500 shares
Thames Valley Khao Yai Hotel Co Ltd: 19,999,999 shares
B.B.D. Development Co Ltd: 120,000,000 shares
In January 2024, Paetongtarn submitted her assets declaration to the NACC, revealing that she holds 32 investments worth 11.007 billion baht.

Pirapan and Wife Also Transfer Shares to a Trustee

The NACC also announced that Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga transferred his shares to his trustee, MFC Asset Management Plc, on 4 September 2024.

Pirapan’s transferred shares include:


VP Aerotech Co Ltd: 588,500 shares
P & S Holding Ltd: 46,500 shares
Rabhisobhaga Co Ltd: 22,000 shares
Sopa Collections Co Ltd: 1,000 shares


His wife also transferred her shares in six companies to the same trustee:


Chanut & Children Co Ltd: 1,625,670 shares
New Atlantic Co Ltd: 43,000 shares
Mana Capital Co Ltd: 6,000 shares
Iron Butterfly Co Ltd: 6,000 shares
Pad Da Ma Co Ltd: 2,500 shares
Sopa Collections Co Ltd: 1,000 shares

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AFP-JIJI PRESS NEWS JOURNAL


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