How about if the company rent a bar or a massage shop or some similar business and add it to it's operation, would that make it legal...?
How do they make these companies illegal, is it the definition of a company...!? I mean anyone can create a company and then do anything with it, they buy a property in this case - maybe sell at some point in the future... , would this also be illegal if in UK or US etc. ....? Does a company oblige to do certain business, buy/sell, make/lose money etc .. .?
There maybe a lot of illigal compranies out there in that case...!!! Maybe that's why they can't make a serious crackdown, big net that can catch some other Thais too...!
By the way, they do some creative, but legal, trick with preferential share types that makes company 51% Thai owned, but the Thai owner does not have 51% voting right, hence can't sell or do anything on his own..., low risk.