Italian-Thai Development is in good well being, CEO Premchai isn’t

Italian-Thai Development CEO Premchai Kanasutra has been sentenced by the Supreme Court to over three years in jail for poaching. Now Unsung at his firm say operations will be unaffected while officers at the Corrections Department report Premchai is in poor health.
The ageing tycoon was despatched to Thong Pha Phum Prison yesterday, and medical doctors at the hospital there are actually reportedly monitoring his bodily condition. Doctors discovered he suffered from numerous continual diseases together with a fatty liver and hypertension. He has just lately had surgery for cataracts as properly.
Doctors say Premchai will be quarantined 21 days after which despatched to a traditional jail cell, but docs shall be caring for his well being and monitoring his situation as time goes by.
Meanwhile, officers at Italian-Thai Development are stressing that the company is in excellent health and will not be affected by the CEO’s jailing. The youngest son of Premchai has already been tapped to serve as performing CEO in his father’s absence. Their assertion tried to quell any fears about their firm.
“The company wish to inform shareholders, partners, customers and different stakeholders to be confident that the board of directors continues to be able to function and handle the business effectively.”

The company is likely certainly one of the bigger building firms working in Thailand right now and was listed with a registered capital of 2.5 billion baht in 1994 after they have been listed on the Stock Exchange of Thailand. They are currently involved with quite a few authorities constructing projects round Thailand price round 315 billion baht whole:

Italian-Thai Development can also be working on bidding to win two more authorities contracts for MRT initiatives::

Leave a Comment