Thai limited company share question

[Cosmo88]

Company A is a limited Thai company with 51% Thai shareholders and 49% non-Thai shareholders.

Company A owns 51% of the shares of Thai limited company B, while non-Thai shareholders own the remaining 49%.

Is Company B considered as "51% Thai-owned", OR is it "26% (51% x 51%) Thai-owned" ?

[Sunbelt Asia]

Company A would be considered a Thai company, currently they are counting by the number of shares not the voting. So, let's say you have a company (100,000 shares in total) and you had 51% (51,000 shares) held by Thais and the other 49% (49,000 shares) held by non-Thais and the shares that the Thais are holding are preferential share (diluted to 10 share equal to 1 vote) while the shares that the Non-Thais are holding are common/ordinary share (1 share equals to 1 vote) this company will still be considered as a Thai company based on the number of shares held by Thais.

If you are the owner of Company A then you would need to ensure that your Thai shareholders would be willing to go along with your decisions as a minority shareholder.

[sunbeltlegal][/sunbeltlegal]