Chaipipat Kaewtrairat, Aqua’s managing director, said on Tuesday that the lawsuit was based on distorted information that was published in Thunhoon newspaper on July 1 about Pongsak Thammathataree, one of TPL’s original shareholders.
This news has had a direct impact on more than 5,000 investors and shareholders of TPL, including Aqua, he said.
Aqua holds more than 140 million shares in TPL, accounting for a 26% stake.
