"Thai Summit Group" issued a statement denying the issue of "shareholders" planning to sell the business, affirming that such rumors are untrue and that operations continue normally with stable business activities.
Following reports from foreign media that the "Jungroongruangkit" family plans to sell Thai Summit Group, a major Thai automotive parts manufacturer, in a deal potentially worth around 2 billion US dollars or 60 billion baht, as previously reported,(The notable "Jungroongruangkit" family plans to sell Thai Summit Group for up to 60 billion baht)
On 5 February 2026, Thai Summit Group issued a clarification regarding the news of the company’s sale, stating that the rumors about shareholders planning to sell the business are completely untrue.
Regarding the company’s engagement of international consultants, this is a normal practice involving occasional advisory services in various areas, including financial and non-financial consultancy.
The company wishes to assure partners, shareholders, and financial institutions that its operations continue normally with stable business. Thai Summit takes pride in being a Thai company with leading technology, capable of standing strong on the global stage amid changes in the automotive world.
Furthermore, the company confirms that family members of shareholders involved in politics do not participate in the company’s management decisions. The company does not wish for its business affairs to be used as political tools to damage the credibility of any individual or political party.