BANGKOK — SC Asset Corporation Public Company Limited announced on October 1, 2025, that Prime Minister Paetongtarn Shinawatra has reacquired a major shareholding position in the company, taking back 28.43% of ordinary shares that were previously held under asset management arrangements.
According to the company’s letter to the Stock Exchange of Thailand, Ms. Paetongtarn acquired 1,216,149,870 ordinary shares from Kiatnakin Phatra Asset Management Company Limited and Land and Houses Fund Management Company Limited. The shares had been transferred to these asset management firms in compliance with the Ministerial Shareholding Management Act 2000, which governs how government ministers must handle their business assets while in office.
Prior to the transaction on September 30, 2025, the shares were held as follows: Kiatnakin Phatra Asset Management held 1,026,149,870 shares (23.99%) and Land and Houses Fund Management held 190,000,000 shares (4.44%).
SC Asset emphasized that the change in shareholding structure will not affect the company’s control structure, business operations, or the composition of its board of directors and management team.
The return of the shares to Paetongtarn marks her restoration as the company’s largest individual shareholder, following the completion of the mandatory asset management period required under ministerial ethics regulations.
Paetongtarn was removed from office after the Constitutional Court ruled on August 29 that she had breached ethics laws in her handling of a border dispute with Cambodia over leaked audio recordings of her conversations with Cambodian leader Hun Sen in June. She remains the leader of the Pheu Thai Party.
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