Thai Billionaire Charoen distributes BJC-AWC-TGH shares equally among his five heirs.
Gossip From the Business World
Messy Business, But It's All in the Family
It looks like the Charoen clan is shaking things up, folks! Thai billionaire Charoen Sirivadhanabhakdi has been busy rearranging his business kingdom, and we're here to spill the tea on the latest drift in the sea of commerce.
In a not-so-subtle move, Charoen has orchestrated a long-term succession plan for his business empire, aiming to pass it down to his five kids. And it ain't just a simple transfer, but a strategic one that leaves no room for questionable debates or family feuds.
He's been playing god-father to Berli Jucker Plc (BJC), Asset World Corp Plc (AWC) and Thai Group Holdings Plc (TGH), his core companies, by splitting his ownership equally among his five heirs. To make that happen, he's been using Sattha Sub 9 Co., Ltd.—a heartwarming name for such a big-time, behind-the-scenes player.
The Stock Exchange of Thailand (SET) has been kept in the know since the 26th of May, with the revelation that Sattha Sub 9 has been repackaging Charoen's privately-held shares for the children. And guess what? No single family member gets to pose as the family tycoon after Charoen! The equal distribution plan ensures that Sattha Sub 9 remains the overarching Mojo, so no hair-pulling squabbles anytime soon!
The companies were quick to assure everyone that this internal shake-up won't interfere with business operations, management or executive leadership. They're confident that the next generation can hold their own and carry on the family tradition.
This move is seen as the start of a smooth succession process, with the family legacy in safe hands and the potential for future family drama reduced. In other words, it seems the Charoen clan is hoping to sail past the rocky waters of family-owned business rivalries that have plagued other tycoons in Asia.
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Tags
- BJC
- AWC
- Thai Group Holdings Plc (TGH)
- Stock Exchange of Thailand (SET)
- Charoen Sirivadhanabhakdi
- Succession
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- The Charoen clan's strategic succession plan for their business empire, involving businesses like Berli Jucker Plc (BJC), Asset World Corp Plc (AWC), and Thai Group Holdings Plc (TGH), could significantly impact the financial landscape of the health industry.
- Meanwhile, BJC, one of the companies in Charoen Sirivadhanabhakdi's business kingdom, is making strides in the finance sector by partnering with UNICEF to provide aid for underprivileged children, demonstrating a commitment to corporate social responsibility.
