Central Pattana Denies Rumors and Clarifies Shareholding in Dusit Thani Public Company Limited
Referring to the misleading news regarding Central Pattana Public Company Limited's investment policy in Dusit Thani Public Company Limited, the company wishes to deny the information that has been publicly disseminated and clarify as follows:
- The company has had the opportunity to invest and partner with Dusit Thani in the development of the Dusit Central Park project since 2017, with a total investment budget of over 20 billion baht. The project has been progressing well, with the hotel and office buildings already operational, and the Central Park shopping center set to open on September 4, 2025.
- Currently, Central Pattana holds 145,238,320 shares in Dusit Thani, representing 17.09% of the total shares since 2018. Throughout this time, Central Pattana has respected the management of the major shareholders and has consistently supported the operations positively.
Therefore, when Central Pattana was invited to send a representative to the shareholders' meeting for the appointment of a director of Dusit Thani, Central Pattana saw this as an opportunity to utilize its expertise to support Dusit Thani's continuous growth. The nomination for the director appointment follows the principle of participation according to shareholding proportions, which is a standard practice in managing investments, without any control over Dusit Thani.
Moreover, Central Pattana operates with good intentions and adheres to governance principles in line with the guidelines of publicly listed companies on the Stock Exchange of Thailand, including overseeing conflict of interest management, which is a priority for Central Pattana. The company has consistently applied the same practices in its collaborations with all business partners, both domestic and international.
- Dusit Thani is managed by a group of major shareholders, namely Chanat and Sons Company Limited. Central Pattana confirms that it has no involvement in the decision-making processes of Chanat and Sons Company Limited.
Central Pattana has adhered to governance principles in its business operations for 45 years and has been certified and audited transparently throughout, continuously fostering sustainable growth for all parties involved.