Bangchak Corporation Clarifies Share Freeze and Governance Measures Amid Money Laundering Case

Key summary

Bangchak Corporation (BCP) stated that a partial share freeze imposed since December 3, 2025, is a government measure against specific shareholders linked to an international money laundering network, not affecting the company's operations or remaining shares. The company established a special committee to assess the situation, noting that the representative director of the frozen-share shareholder has had no signing authority since December 11, 2025. At the April 10, 2026 annual general meeting, a proposal to amend articles of association regarding director qualifications received support from more than two-thirds but less than three-fourths of votes and was not approved; legal challenges regarding this matter are currently under court consideration.