"The Crown Property Bureau said in a statement it was required "to return whatever asset of the Crown property previously under its charge, to His Majesty so that His Majesty may take decisions on all matters pertaining to their charge and management at his discretion".
The assets include shares in various companies.
The statement went on to say: "His Majesty made the decision to make the 'Crown Property Assets' be subject to the same duties and taxation as would assets belonging to any other citizen".
It also pledged to ensure the management of assets would be "transparent and open to scrutiny".
The Crown Property Bureau (CPB) has been managing royal assets since it was established in 1938 and, until now, has been run by at least four royally-appointed directors and included the minister of finance."
"Stock exchange data in March showed the king acquired a nearly $150m stake in Siam Cement Group Pcl and, in October, shares worth over $500m in Siam Commercial Bank were transferred to the king, Reuters news agency reports."
The article is from June 2018 so some time had elapsed since he ascended the Throne, I was wrong when I wrote "a matter of a few months".
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