“ITV Public Company Limited: Share Ownership Clause Controversy and Legal Dispute Updates”

From the case where a petition was submitted to the Election Commission asking to verify that Mr. Pita Limcharoenrat, MP candidate and Prime Minister candidate of the Kaow Klai Party Is there any prohibition in running for election? Because he is a shareholder of ITV Public Company Limited 42,000 shares until it is criticized in that online society.
-‘Ruangkrai’ submitted to the Election Commission of Thailand to check the bill for ‘Pitha’ the media share ownership clause – may repeat ‘Thanathorn’

about the matter Most recently, on May 10, Mr. Anuphong Chaiyarit, Deputy Director of the Public Broadcasting Organization of Thailand (Public Broadcasting Organization of Thailand) or Thai PBS Operations and Technology Posted a message via Facebook stating that “Summary of ITV Company From the 2022 annual report.

1. Stop operating the ITV television station since 24.00 on March 7, 2007 due to the termination of the work contract by the Office of the Permanent Secretary, the Prime Minister’s Office.
2. The Stock Exchange of Thailand delisted to remove ITV shares from trading since July 24, 2014.

3. Currently, the company is in the process of suing a legal dispute with the Office of the Permanent Secretary, Office of the Prime Minister. As a result of the case where the arbitrator decided that
– The termination of the contract by the TCEB is unlawful.
– Let the TCEB pay damages in the amount of 2,890 million baht.
3.1 Subsequently, the TCEB filed a lawsuit with the Administrative Court requesting the revocation of the arbitral award. which the Administrative Court issued an order dismissing the petition of the TCAO.
3.2 January 2021, TCEB filed an appeal against the order of the Central Administrative Court. to the Supreme Administrative Court The case is under consideration.

4.Fiscal year 2022, ITV has investment income and interest income of 20.5 million baht (return from debt and equity instruments), net profit of 8.5 million baht.
5.ITV has one subsidiary, Artware Media Co., Ltd. Rental of radio and television production equipment television production Buy and sell film and television rights and other marketing activities The current status of the company is to cease operations.

6. The major shareholder group that, by behavior, has influence on policy formulation and operations of ITV at present, is Intouch Holdings Public Company Limited.
7. Maintaining the juristic person status of ITV Co., Ltd. in order to take legal action against the TCEB. (Author’s opinion)
Remark No. 7 is personal opinion / No. 1-6 is information from ITV’s 2022 annual report..

Thank you for pictures and information from @Anupong Chaiyariti