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Krung Thai Bank notifies the market as a state-owned company
Date November 10, 2020 at 10:17 am
Krung Thai Bank Bolsa Withdrawn from being a state company
Mr. Phayong Srivanit, Managing Director As company secretary Krung Thai Bank Signed a letter on November 6, informed the Thailand Stock Exchange (SET) on November 9 on the opinion of the State Council Office on the status of the Krung Thai Bank.
In the letter stating that Krung Thai Bank Public Company Limited wishes to inform the Bank that on November 3, 2020, the Bank received a letter from the Financial Institution Development Fund (“Fund”) which informed the Bank. that The State Council Office has a letter in response to the fund’s inquiry. Who requested an opinion from the Office of the State Council on the status of the Fund Y Krung Thai Bank With the Office of the State Council notified the result of the consideration Krung Thai Bank It is not a company OR a joint-stock company that is a state company according to (2) and (3) of the definition of “State enterprises” in section 4 of the Budgetary Procedure Law
The change in the Bank’s status as described above may affect the Bank’s business operations and compliance with laws and regulations related to many SOEs. The Bank is considering impacts in various fields. If it is clear, the Bank will notify the Thai Stock Exchange at the next opportunity.
However, the Bank has studied the opinion of the Council of State on the issue of the qualifications of the directors and senior management of the Bank until concluding that By the results of the opinion of the Council of State Together with the entry into force of the Law of Administration and Supervision of State Enterprises, BE Director Bank employees and employees are not subject to the Standard Qualifications for directors and employees of the State Enterprises Act of 1975. For other legal impacts. The bank will also inform you at the next opportunity.
Mr. Prapas Kong-ied, Director General of the State Business Policy Office (Sister Kor Sor), revealed that although Krung Thai Bank will no longer be a state company But the Department and the Corporations of the Comptroller General will issue regulations for the deposits and financial transactions of government agencies. And state-owned companies can still be done with Krung Thai Bank as usual
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