Thailand's Second-Richest Tycoon Transfers Stakes to Children
Thailand's second-richest person Charoen Sirivadhanabhakdi transferred ownership of two major listed companies to his five children as the octogenarian businessman pulls back from day-to-day management of his beer to property conglomerate.
Charoen sold all of his shares in Sutthasup 9 Company to his offspring, according to late Monday filings of Asset World Corp. and Berli Jucker. Sutthasup 9 has indirect control of the companies. The statements didn't say how much Charoen owned in the companies.
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