Thailand Widens Probe Into 3 Chinese Delivery Apps Over Nominee Stakes and 1 Million-Baht Penalties
Updated
Updated · Thai Examiner · Jun 24
Thailand Widens Probe Into 3 Chinese Delivery Apps Over Nominee Stakes and 1 Million-Baht Penalties
2 articles · Updated · Thai Examiner · Jun 24
Summary
Thailand’s Commerce Ministry expanded its investigation into Gokoo, Feixiang and E-Gets, tracing ownership, funding and management control over suspected nominee shareholding and licensing breaches.
Preliminary findings show Gokoo and Feixiang are registered as Thai entities with 80% and 51% Thai shareholdings, while E-Gets is 90% owned by Cambodian legal entities and classified as foreign.
Officials are now examining whether Thai shareholders in the first two firms genuinely control the businesses or are fronting for foreign interests, including links to four other joint-venture companies.
E-Gets is being checked for whether its Board of Investment promotion and foreign business registration fully cover its delivery and e-commerce operations.
The probe follows a broader crackdown on alleged Chinese nominee networks in Thailand; no wrongdoing has yet been found, but violations can bring up to 3 years in prison and fines of 100,000 to 1 million baht.