Thai king is now largest shareholder in Siam Cement Group

Bangkok

THAILAND'S King Maha Vajiralongkorn is now the largest shareholder in the country's biggest industrial conglomerate, Siam Cement Group, according to data from the Stock Exchange of Thailand.

It shows the king as having a 33.3 per cent share, making him the biggest shareholder in the construction and industrial supplies firm. The monarch's holdings in the company have a value of nearly 180 billion baht (S$7.4 billion).