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Krung Thai Bank issued a letter to clarify the Stock Exchange After the decree is interpreted out of condition “state enterprise” Summary of the Senior Executive Committee bank employee Not under the Law on Standard Qualifications of Directors and Employees of State-owned Companies BE 1975
On November 6, 2020, Mr. Phayong Sriwanich, President and Secretary of Krung Thai Bank Public Company Limited or KTB issued a letter to the Thailand Stock Exchange or SET stating that on November 3, the bank received a letter from the Financial Institutions Development Fund. Who informed the bank that the State Council Office has a letter in response to the fund’s inquiry Who requested an opinion from the State Council Office on the status of the Fund Y Krung Thai Bank
By the State Council Office notified the result of the examination Krung Thai Bank Not to be a company or a joint-stock company that is a state company according to (2) and (3) of the definition of “State companies” in Section 4 of the Budget method law BE 2561
However, the aforementioned changes in the Bank’s status 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.
The Bank studied the results of the opinion of the State Council on the issue of the qualifications of the directors and senior management of the Bank until it reached the conclusion that By the results of the opinion of the State Council Together with the entry into force of the Law of Administration and Supervision of State Companies 2019
This resulted in the Directors Director as well as bank employees not subject to the Standard Qualifications of Directors and Employees of the State Companies Act of 1975 for other legal impacts. The bank will also inform you at the next opportunity.
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