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Thursday, May 2, 2024

Sansiri shares fall as Srettha takes political leave

CEO and prospective PM candidate taking unpaid break to focus on Pheu Thai election campaign

Srettha Thavisin joins Paetongtarn Shinawatra at the Pheu Thai annual general meeting at party headquarters in Bangkok on Thursday. Both are expected to be put forward as prime ministerial candidates for the party in the coming election. (Photo: Varuth Hirunyatheb)

Shares of the property developer Sansiri Plc (SIRI) tumbled on Thursday on the Stock Exchange of Thailand after chief executive Srettha Thavisin said he would take an unpaid leave to focus on his new role as an adviser to the Pheu Thai Party ahead of the coming general election.

Sansiri, a developer of premium condominiums and luxury townhouses,…

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