Fort Smart Service Public Company Limited, or FSMART, announced that Maew Som Estate Company Limited, a joint venture between FSMART and Fort Corporation Public Company Limited, or FORTH, has restructured its shareholding. FSMART will acquire additional ordinary shares from FORTH at a par value of 10 baht per share, with Maew Som having called up payment of 2.50 baht per share. As a result, FSMART's shareholding in Maew Som will increase to 91.00 percent, while FORTH's will decrease to 9.00 percent. The FSMART board of directors, at its meeting number 6 of 2026 on 13 August 2026, approved the share acquisition. The share purchase and transfer remain subject to approval by the FORTH board of directors, which is scheduled to meet on 14 August 2026.
Forth Corporation Public Company LimitedFORTH is selling a significant stake in Maew Som, reducing its ownership from 91% to 9%.
Maew Som's shareholding is being restructured, but the impact on the company itself is unclear.
