Saving Seafood

Thai Union Chairman Kraisorn Chansiri resigns following insider trading fine

April 18, 2022 — Thai Union Founder and Chairman Kraisorn Chansiri has resigned after receiving civil sanctions from Thailand’s Security and Exchange Commission for alleged insider trading.

In an 18 April, 2022, letter to the Stock Exchange of Thailand, where the company’s stock is traded, Thai Union said Chansiri and Thai Union Executive Director Chuan Tangchansiri will resign “in order to show their sincerity and prevent any negative impacts on the company.”

Read the full story at SeafoodSource

 

Thai Union Chairman Kraisorn Chansiri, eight others fined for insider trading

April 1, 2022 — Nine individuals, including the founder and chairman of Thai Union, have been issued civil sanctions by Thailand’s Security and Exchange Commission after an investigation revealed they engaged in insider trading of the company’s stock.

Bangkok, Thailand-based Thai Union was founded by Kraisorn Chansiri in 1977, and has grown to become one of the world’s largest seafood companies, with USD 4.2 billion (EUR 3.8 billion) and USD 200 million (EUR 181.2 million) in net profit in 2020. Its shares are traded publicly on the Stock Exchange of Thailand.

Read the full story at SeafoodSource