Thailand Flags 1,932 Firms in Nominee Shareholding Sweep
BANGKOK – Thailand’s Department of Business Development has flagged 1,932 companies for formal investigation over suspected illegal nominee shareholder arrangements, targeting foreign-linked firms that may be using Thai proxies to skirt ownership limits. Officials identified the high-risk firms after screening 16,504 active businesses that list naturalized Thai citizens as shareholders or…
We haven't written up this one. Chiang Rai Times has the full story — the link below goes straight to it.
