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Bangkok Post
Bangkok Post
Business

Sansiri shares fall as Srettha takes political leave

Siri Sansiri Srettha Thavisin Pheu Thai Paetongtarn Shinawatra Pheu Thai Party Sansiri Plc Stock Exchange of Thailand Thailand
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, slumped as much as 6.2%, its biggest intra-day loss in two months, before paring the loss to 3.6% when the shares closed at 1.87 baht. The value of the shares traded, 1.33 billion baht, was four times the three-month daily average.

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