Thai Summit Denies Business Sale, Affirms Stable Operations, Rejects Political Connections

Thai Summit Group has denied rumors about selling its business and continues to operate normally. On February 5, 2024, following external media reports suggesting the Chueruengkit family might sell 'Thai Summit' for 60 billion baht, linking it to electric vehicle challenges and succession issues, the company issued a clarification. The company stressed that hiring international consultants is a routine business practice and reaffirmed its commitment to maintaining a stable, technologically advanced Thai enterprise capable of competing globally. They explicitly stated that family members involved in politics have no role in company management and do not wish for business matters to be used as political tools to discredit individuals or political parties.