CP Group Clarifies Misinformation Regarding New Basil Plant Protection

Key summary

The Charoen Pokphand (CP) Group issued a statement addressing false claims and defamatory remarks linking the group and its Senior Chairman, Mr. Thanin Jaiwanon, to the registration of protection for four new varieties of basil. The CP Group clarified that the initiative was undertaken by CPRAM Co., Ltd., a listed subsidiary under CP ALL Public Company Limited, not by the CP Group or Mr. Thanin directly. While CPRAM operates under good corporate governance as a listed entity, the CP Group stated it does not have authority to direct daily business decisions of CP ALL or its subsidiaries. The group emphasized that developing new plant varieties aims to enhance agricultural capabilities and provide farmers with additional planting options for better yields and profits, rather than creating a monopoly. The statement noted that over 300 basil varieties already exist and affirmed respect for farmers' rights to cultivate traditional varieties. The CP Group reserved the right to take legal action against those intentionally spreading false information that damages its reputation.