BANGKOK, 19 February 2014 (NNT) – InTouch has confirmed that it has no involvement in politics and its founder no longer has stake in the company following anti-government protesters’ allegation that the company still associates with the Shinawatra family.
InTouch, one of the largest telecommunications conglomerates in Thailand, on Wednesday issued a statement denying that former PM Thaksin Shinawatra still owned shares in the company. InTouch said it believed that its investors and shareholders had checked the shareholder structure, performance, accountability and strength of the company before investing in its three main subsidies which included InTouch, AIS and Thaicom. The three companies were listed in a stock exchange and they ran business with professionalism, transparency and good governance, InTouch said.
The anti-government People’s Democratic Reform Committee earlier announced that it would elevate the protests by attacking the businesses belonging to the Shinawatra family. InTouch, formerly Shin Corporation, was founded by ousted premier Thaksin who later sold his shares to Temasek Holdings of Singapore.