Dusit Thani Misses Filing Deadline as Family Dispute Escalates
Skift Take
The heirs of Dusit Thani’s founder refused to approve audited 2024 financial statements, delaying auditor appointments and triggering a trading suspension.
The Singapore Tourism Board said April visitor arrivals were up 4.5% year-on-year to 1.40 million, with Indonesia the top feeder market. The number of overnight visitors was 1.01 million, up by 1.9% year on year and 72.1% of the visitor total. Indonesia led with 236,850 visitors, followed by China with 207,500. Indonesia and China were down by 2.9% and 5.9%, respectively, year-over-year. For the first four months of 2025, visitor arrivals to Singapore were up by 1.2% to 5.71 million, with 4.19 million being overnight visitors.
The heirs of Thanpuying Chanut Piyaoui, founder of Thailand’s Dusit Thani, are seeing an acceleration in the feud when, during the company’s annual general meeting, Chanut and Sons Co., Ltd refused to approve the company’s 2024 financing statements. Thanpuying Chanut’s three children control the company, which is a major shareholder. The financial statements had already been audited, certified, and reported to
