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  • Shareholding Structures

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    Paul Xiao
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    The document discusses proposed changes to Thai law regarding minority shareholdings and board representation in companies. It proposes that for companies with Thai shareholders holding 70% of shares and foreign shareholders holding 30%, there must be at least one foreign director on the board. It also proposes that shares be divided into two classes - Thai shareholders would receive preference shares with voting rights of one vote per share, while foreign shareholders would receive ordinary shares also with voting rights of one vote per share.

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    The document discusses proposed changes to Thai law regarding minority shareholdings and board representation in companies. It proposes that for companies with Thai shareholders holding 70% of shares and foreign shareholders holding 30%, there must be at least one foreign director on the board. It also proposes that shares be divided into two classes - Thai shareholders would receive preference shares with voting rights of one vote per share, while foreign shareholders would receive ordinary shares also with voting rights of one vote per share.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Shareholding Structures

    Uploaded by

    Paul Xiao
    The document discusses proposed changes to Thai law regarding minority shareholdings and board representation in companies. It proposes that for companies with Thai shareholders holding 70% of shares and foreign shareholders holding 30%, there must be at least one foreign director on the board. It also proposes that shares be divided into two classes - Thai shareholders would receive preference shares with voting rights of one vote per share, while foreign shareholders would receive ordinary shares also with voting rights of one vote per share.

    Copyright:

    © All Rights Reserved
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    of 1

    LEGAL - Section36 x LEGAL(PRoPoSED

    ABOA 1999
    LAW)

    SUPER MINORITY NOMINEE SHAREEOLDERS PREFERENCESHAREHOLDERS


    Shareholilings Shareholdirgs

    7V/. 3V/o 70% 30% 70% 30%

    .TIIAIS FOREIGNERS ffiAIs I FoREIGNERS TIIAIS FOREIGNERS


    Dir€ctor
    1 Foreigndir€c-tor

    Ap@,; Articles of AssociatiooFovides

    Director TT{AIS- PreferenceShares(ClassA)


    1 Thai rlirector* ( lo shares= I vote)

    NOTESI FOREIGNERS - OrdinaryShares(ClassB)


    . Articles of Association of company . Signed+ no dateSharcTransfer ( l sh a r c= 1 vo !e )
    govides for shareholders
    holdingshares Documeqts
    coostitdingat least80% af company's . Signed+ no dateproxies
    capital to forE a qgqlqq to cobvene a
    meeting and tle same tg have a megting

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