Thread: China Railway No 10 company’s extensive projects in Thailand

Since its establishment in Thailand in 2018, the “China Railway No 10 Engineering Group (Thailand)” (CREC10 Thailand) has won bids for construction of 13 other projects in the country, together worth about 5 billion baht, in addition to the 2.1 billion baht contract to build the now former new State Audit Office building.


The projects are:


• The Narathiwat airport terminal, ~ 639 million baht.
• A 354-unit town home housing project in Phuket, ~343 million baht.
• The Wat Amarinthraram School building, ~160 million baht.
• A parcel warehouse at the Chakri Naruebodindra Medical Institute, ~146 million baht.
• A hostel at Rajabhat University in Phuket, ~132 million baht.
• The government complex in Phrae province, ~540 million baht.
• The Sports Authority’s boxing training centre in Hua Mark, Bangkok, ~608 million baht.
• A housing project for 9th Region Appeals Court judges, ~386 million baht.
• The Provincial Electricity Authority’s service centre, ~ 210 million baht.
• A Royal Thai Navy Supply Department building, ~179 million baht.
• The National Water Resources Department offices, ~716 million baht.
• A provincial technical institute, ~606 million baht.
• The Songkhla Hospital’s out-patient building, ~426 million baht.


CRC10 (Thailand), a subsidiary of the China Railway No 10 Engineering Group, is reported to have habitually created joint venture entities with Thai companies, to bid for construction projects, instead of bidding independently.


The Department of Special Investigation is currently investigating the Chinese company’s business practices, as they relate to the Foreign Business Act (1999), the Industrial Product Standards Act (1968) and laws prohibiting bid collusion.


Paitoon Kengkarnchang, deputy secretary-general of the National Water Resources Office, said that, after the earthquake on March 28th, he ordered the evacuation of all construction workers and a thorough inspection of the building was done, to make sure that there was no damage to the structure.

“China Railway No 10” company’s extensive projects in Thaila

Contractors face blacklist as Narathiwat airport terminal falls behind schedule

The Transport Ministry has threatened to cancel the contract for the construction of a terminal building at Narathiwat airport due to delays.


The Department of Airports contracted a joint venture enterprise, comprising OSO Engineering Company and China Railway No 10 Engineering Group (Thailand), to build the terminal.


The ministry has also threatened to blacklist the two companies from bidding for government projects in the future.


China Railway No 10 Engineering Group (Thailand) is a sub contractor of the building under construction in Chatuchak district, Bangkok that collapsed due to the impact of the earthquake in Myanmar on March 28. The Thai government is investigating to know the real cause of the building.


Deputy Minister Manaporn Charoensri said today that the contract to build the terminal, at a cost of about 640 million baht, was signed on March 15, 2022, and was due to expire on January 16 this year. Due to heavy flooding last year, the contract was, however, extended.


Manaporn disclosed, though, that construction has been proceeding very slowly and remains behind schedule, prompting the Department of Airports to summon the joint venture’s managements for a discussion on March 4th.


It was made clear to the contractor(s) that, if they cannot advance the project by 5% per month in the next 8 weeks, the contract will be cancelled and the two companies may be blacklisted.


The deputy transport minister also said that the department has notified their consulting company to proceed with quality checks of the construction standards, materials and machinery used in the project and to report back within three days.


Scrutiny of projects undertaken by China Railway No 10 Engineering Group (Thailand), or by its joint ventures with Thai companies, has been increased, following the collapse of the State Audit Office building, the construction of which was undertaken by this Chinese firm in a joint venture with Italian-Thai Development (ITD).

Contractors face blacklist as Narathiwat airport terminal fa

PM warns that China should not feel it is singled out as Commerce Minister and Police probe top firms in network

Facing public pressure, Thailand has ordered multiple investigations into last Friday’s building collapse in Chatuchak. Certainly, both officials and police have initiated potential criminal probes into the disaster.

The 30-storey Auditor General Office crumbled on March 28. Indeed, the shocking scene was watched millions of times worldwide.


Any suggestion that Thailand had not suffered an earthquake were shattered by the collapse. Meanwhile, with at least 30 dead and score more expected, rescuers are working against time. They still hope to find survivors. Any success would lift the nation’s spirits.

However, the disaster has created new problems for the government. This week, steel samples from the site were shown to be defective. As a result, attention has turned to Xin Ke Yuan Steel Co., Ltd. This is a Chinese-owned company that was established in Thailand in 2011. It invested ฿1.53 billion in the country.

Last December, Thai authorities shut down a steel plant run by this firm in Rayong. The closure followed a fire at the plant. At the same time, officials seized substandard steel worth ฿45 million.


After Friday’s collapse, the presence of Xin Ke Yuan steel on-site raised suspicions. Nevertheless, that company denies any wrongdoing. It claims its steel meets quality standards.


On Thursday, Minister of Commerce Pichai Naripthaphan and his deputy, Napinthorn Srisanpang, announced a large-scale investigation. The probe targets China Railway Number 10 (Thailand) Co., Ltd., founded in 2018, in addition to Xin Ke Yuan Steel Co., Ltd.

Thai officials will investigate 36 companies linked to 26 state contracts. Engineers are reviewing some projects, while others have already been revoked or abandoned.


Meanwhile, the Department of Special Investigation (DSI) has confirmed a criminal inquiry. The scale of the issue is enormous. China Railway Number 10 (Thailand) Co., Ltd. is tied to more than two dozen companies.


Although it is officially 51% Thai-owned, Chinese directors control it. Furthermore, it belongs to China Railway Group (CREC), a massive state-owned Chinese enterprise.


Significantly, this company was involved in a Serbian construction disaster in November 2024. There, its dual role also in railway projects was controversial and similar to Thailand.

On November 1, 16 people died when a concrete canopy collapsed at Novi Sad’s main railway station. The station had been renovated under China’s Belt and Road Initiative. Protests erupted in Serbia, raising concerns about Chinese-built infrastructure.

Back in Thailand, the government of Paetongtarn Shinawatra appears uneasy.


The focus of blame is shifting towards Chinese firms. Last week, both Deputy Prime Minister Anutin Charnvirakul and Prime Minister Paetongtarn Shinawatra called for broader accountability. The project’s architects and planners must also be investigated, they suggested.

On Tuesday, PM Paetongtarn warned against focusing on one country alone. She insisted on a full and fair inquiry. “We do not want one particular country to think we are only keeping eyes on it,” she stated.


This crisis highlights wider economic issues. Last year, China invested $2 billion in Thailand, making it the top foreign investor.


China also dominates Thai tourism, manufacturing, and exports. Meanwhile, the use of cheap steel at the Chatuchak site emphasises how low-cost imports are impacting Thai industry.


However, the government continues to be dependent on Chinese investment.


Furthermore, broader safety concerns have previously been raised by advocacy groups. The Migrant Working Group has documented worker complaints against Chinese companies in Thailand.

Roisai Wongsuban of the group told AFP, “For Chinese companies, we can’t see the human rights due diligence to check if labour standards are met. There is always a power imbalance between employer and employee.”

At the same time, Bangkok’s construction boom depends on migrant workers, mainly from Myanmar.


These labourers work in harsh conditions for low pay. The Migrant Working Group has urged the Thai labour ministry to hold employers accountable. If companies violated safety laws, they should face criminal charges.

Authorities have already arrested four Chinese nationals. They were caught attempting to remove documents from the collapse site. Undoubtedly, this has deepened suspicions.


Meanwhile, the Comptroller General’s Department will review 26 problematic projects. Some have been abandoned. If officials find irregularities, the companies involved may be blacklisted.


Additionally, Thai investigators have identified a network of over 37 firms tied to the collapsed building’s contractors. These findings have been handed to the DSI for further action.

Meanwhile, the Thai Industrial Standards Institute (TISI) has begun inspecting the quality of construction materials. The Revenue Department is also reviewing the tax records of the linked firms.

Under Thailand’s Foreign Business Act of 1999, severe penalties apply to violators. Those acting as nominees for foreign investors face up to three years in prison or fines between ฿100,000 and ฿1,000,000. Foreign firms found guilty of illegal operations may be forced to shut down or surrender their holdings.

This scandal has revealed deeper concerns about Chinese infrastructure projects in Thailand. Lax safety enforcement is now under scrutiny. As the investigation continues, the Thai government faces tough questions over its reliance on China and its connections to the Communist country.

PM warns that China should not feel it is singled out as Commerce Minister and Police probe top firms in network - Thai Examiner

23 'China Railway' subsidiaries in Thailand with 5.7B baht capital

"Krungthep Turakij" continues to investigate the Chinese company network linked to the new State Audit Office (SAO) building project, valued at 2.136 billion baht.
The project is handled by the ITD-CREC joint venture, comprising Italian-Thai Development (ITD) and China Railway No. 10, a subsidiary of China's state-owned China Railway Engineering Corporation (CREC). Multiple Thai agencies are currently investigating the building collapse incident.


Reports by Krungthep Turakij have been picked up by multiple media outlets and public figures, including Commerce Minister Pichai Naripthaphan, whose initial findings largely align with the information previously uncovered by Krungthep Turakij.


It is now widely known that China Railway No. 10 is a subsidiary of the major Chinese state-owned construction conglomerate CREC, which has built railways and infrastructure worldwide. However, some of its subsidiaries have a history of corruption and bribery allegations abroad. Many of these companies use the name “China Railway” followed by a number, such as China Railway No. 10 for the Thai project.


What is less known is that at least 23 companies under the name “China Railway” have been registered in Thailand (based on available data). They follow a structure similar to China Railway No. 10, involving Chinese capital networks, with some backed by Hong Kong investors and featuring Thai nationals as directors. In some cases, Chinese shareholders hold 40%-49% of the stakes. The total registered capital of these companies amounts to 5.71 billion baht.


Most of these firms declare their business purpose as construction or railway development. At least two have changed their names and ten have already ceased operations.

1. China Railway No. 10 (Thailand) Co., Ltd.


Registered on August 10, 2018, with a current capital of 100 million baht, located at Thung Khru, Bangkok. The company's purpose includes services related to human resources, as well as the construction of buildings, commercial buildings, residential buildings, office spaces, railways, public transportation, and subways.


The board members are Chuanling Zhang and Sopon Meechai.


The latest shareholder report submitted in December 2023 shows that China Railway No. 10 Engineering Group (Chinese nationality) holds the largest stake of 49%, with Sopon Meechai holding 40.8%.


The latest financial statement, for the year 2023, shows total assets of 2,804,535,819 baht, total liabilities of 2,952,877,175 baht, total revenue of 206,253,951 baht, total expenses of 354,955,976 baht, and a net loss of 199,669,872 baht.


This company shares the same location as 8 other companies (making a total of 9 companies) in the network, which has secured at least 27 government contracts worth no less than 10 billion baht.


2. Thai-China Railway Construction Industry Co., Ltd.


Registered on August 17, 2017, with current capital of 5 billion baht, located at Chom Thong, Bangkok. The company's purpose is related to the construction of public infrastructure, excluding industrial factory buildings, as well as other civil engineering projects, particularly those concerning waterworks.


The board members include Siwaphong Chaiwanitchaya, Sittha Chaiwanitchaya, Kanwat Khamjanwong, and Song Lianfang (Chinese nationality).


The latest shareholder report, submitted in August 2023, shows that Kanwat holds the largest stake of 36%, with Song Lianfang holding 19%.


The latest financial statement for 2022 shows total assets of 4,999,828,200 baht, total liabilities of 174,000 baht, and expenses totaling 150,000 baht, with no revenue reported.


3. China Railway 11 Bureau Group (Thailand) Co., Ltd.


It was registered on May 21, 2019, with a current capital of 48 million baht. It is located at Huai Khwang , Bangkok. The company's purpose is railway and subway construction. It has two directors, Wang Xiaoming and Liao Dezhuan, both Chinese nationals.


As of December 2024, China Railway 11 Bureau Group Corporation (China) holds 49% of the shares, Priyapat Amrongamprasert holds 26%, and Piyawan Suwannakasa holds 25%.


The latest financial statement in 2023 shows total assets of 424,333,592 baht, total liabilities of 296,138,562 baht, total revenue of 366,799,175 baht, total expenses of 268,808,412 baht, interest expenses of 115,311 baht, corporate tax paid of 19,856,553 baht, and a net profit of 78,018,898 baht.


4. China Railway 2 - O.N.K. Engineering Group (Thailand) Co., Ltd.


It was declared defunct by the registrar on January 13, 2025, about three months ago. The company was registered on October 26, 2018, with a current capital of 5 million baht and was located at Chatuchak, Bangkok.


The company’s purpose was construction contracting for railways, electric trains, buildings, and various other construction projects. Its two directors were Karinthorn Thongpatchoti and Kanjanaporn Phansuk.


As of March 2021, the company's shareholders were Karinthorn Thongpatchoti, who held 99.6% of the shares. The latest financial statement from 2018 reported total assets of 4,993,450 baht, total liabilities of 20,000 baht, no revenue, total expenses of 26,550 baht, and a net loss of 26,550 baht.


5. China Railway 20 Bureau Group (Thailand) Co., Ltd.


Registered on March 8, 2021, with a current capital of 140 million baht. It is located in Khan Na Yao, Bangkok. The company's purpose is construction contracting, with Haiyang Wang, a Chinese national, as its sole director.


As of December 2024, China Railway 20 Bureau Group Co., Ltd. (China) holds the largest stake at 46.06%, followed by Wanzhuang Thanathapsin with 27.03% and Thanyathorn Pornsakulpaisan with 26.91%.


The latest financial statement in 2023 reported total assets of 82,261,795 baht, total liabilities of 23,261,475 baht, total revenue of 377,436,373 baht, total expenses of 329,896,713 baht, corporate tax paid of 9,632,543 baht, and a net profit of 37,907,117 baht.


6. China Railway 23rd Bureau Group (Thailand) Co., Ltd.


Registered on April 1, 2021, with a current capital of 10 million baht. It is located at Nakhon Ratchasima Province. The company's purpose is manufacturing and selling concrete, with Long Qi, a Chinese national, as its sole director.


As of December 2024, China Railway 23rd Bureau Group (China) holds the largest share at 49%, followed by Boonma Phonok with 20%, Satapornyakorn Dilokphatsakul with 20%, and Lannalin Kaweekitthanakul with 11%.


The latest financial statement in 2023 reported total assets of 198,717,416 baht, total liabilities of 397,985,903 baht, total revenue of 200,490,156 baht, total expenses of 247,103,257 baht, and a net loss of 46,613,101 baht.


7. China Railway 25th Bureau Group (Thailand) Co., Ltd.


Declared defunct by the registrar on January 13, 2025, approximately three months ago. The company was registered on March 28, 2019, with a current capital of 2 million baht. It was located in Khan Na Yao , Bangkok. The company's registered purpose was to purchase, lease, rent, own, possess, develop, use, and manage various types of properties. The sole director was Chuang Fei, a Chinese national.


As of March 2021, the most recent shareholder submission listed Chuang Fei (China) as the majority shareholder with 49%, followed by Jarunsak Srikhamhaeng with 17%, Chatchai Sonlaksi with 17%, and Charoen Suangsawan with 17%. No financial statement data is available.


8. China Railway 7 Group (Thailand) Co., Ltd.


Declared defunct by the registrar on December 27, 2024, approximately four months ago. The company was registered on November 2, 2017, with a current capital of 3 million baht. It was located in Bang Phli District, Samut Prakan Province. The company's purpose was construction contracting, with Ho Along, a Chinese national, as its sole director.


The most recent shareholder submission, dated March 22, 2018, listed Ho Along (China) as the largest shareholder with 49%, followed by Saman Kraikhum with 17%, Surapong Ditthaphonkun with 17%, and Khantong Srichandi with 17%.


The latest financial statement from 2017 reported total assets of 3,007,397 baht, total liabilities of 12,000 baht, total revenue of 7,397 baht, total expenses of 12,000 baht, and a net loss of 4,602 baht.


9. China Railway Construction 25th Group (Thailand) Co., Ltd.


Dissolved, with the liquidation completed on December 22, 2017. The company was registered on August 27, 2013, with a capital of 2 million baht. It was located in Huai Khwang, Bangkok. Its business purpose was construction contracting, and the sole director was Meng Xiaohong (China).


As of October 13, 2014, the latest shareholder report listed Meng Xiaohong (China) as the largest shareholder with 41%, followed by Chawalit Suwannajang with 26%, Auayporn Khunkamhaeng with 25%, Wang Yi (China) with 4%, and Qing Jiwei (China) with 4%.


The last financial report from 2016 showed total assets of 1,491,331 baht, liabilities of 6,924 baht, total revenue of 28,000 baht, total expenses of 7,856 baht, and a net profit of 20,143 baht.


10. China Railway Construction (Thailand) Co., Ltd.


It was registered on April 28, 2005, with a current capital of 100 million baht. The company is located in Huai Khwang, Bangkok. Its business purpose is construction contracting and civil engineering work. The two directors are both Chinese nationals: Yuansheng Li and Deng Jiansen.


As of August 2023, the latest shareholder report listed Natchawee Thammasanit as the majority shareholder with 51%, followed by Yuansheng Li (China) with 29% and Deng Jiansen (China) with 20%.


The most recent financial report from 2023 showed total assets of 69,680,534 baht, total liabilities of 72,127 baht, no revenue, total expenses of 10,000 baht, and a net loss of 10,000 baht.

11. China Railway Takawa Holdings (Thailand) Co., Ltd.


Formerly known as Takawa First Root Trading Co., Ltd., it was registered on July 1, 2014, with a current capital of 500,000 baht. The company is located in Chiang Mai. Its business purpose is wholesale trade under contract or commission. The sole director is Samak Sutthiphui.


As of April 30, 2024, the latest shareholder report listed China Railway Takawa Holdings Co., Ltd. (Hong Kong) as the majority shareholder with 49%, followed by Samak Sutthiphui with 31% and Paveena Sutthiphui with 20%.


The most recent financial report from 2023 showed total assets of 464,115 baht, total liabilities of 53,680 baht, total revenue of 7,800 baht, total expenses of 8,000 baht, and a net loss of 200 baht.


12. China Railway 18th Group & Construction (Thailand) Co., Ltd.


Declared defunct by the registrar on December 29, 2009. The company was registered on August 17, 2004, with a current capital of 30 million baht. It was located in Watthana, Bangkok. Its business purpose was construction contracting. The three directors were Pholwat Limphasuth, Yang Yi Gang (China), and Sai Da Wei (China). However, no shareholder data or financial statements are available.


13. China Railway No. 2 Engineering Group (Thailand) Co., Ltd.


The company was registered on November 25, 2021, with a current capital of 100 million baht. It is located in Min Buri, Bangkok. The company's business objectives include civil engineering, transportation system construction, infrastructure systems, and pipeline systems. The sole director is a Chinese national, Chen Pei.


The latest shareholder report submitted in January 2024 shows that China Railway No. 2 Engineering Group Co., Ltd. (China) holds the largest stake at 49%, while Nattapon Tangsriouya, Saranyu Choonui, and Suwanan Kiram each hold 17%.


The latest financial report for 2023 indicates total assets of 843,849,254 baht, total liabilities of 905,326,085 baht, total revenue of 1,171,219,593 baht, and total expenses of 1,281,386,245 baht.


14. China Railway International (Thailand) Co., Ltd.


The company was registered on November 2, 2018, with a current capital of 10 million baht. It is located in Lak Si , Bangkok. The company specializes in civil engineering construction projects not classified elsewhere. The two directors are Chinese nationals, Seng Wang and Yong Qiao.


The latest shareholder report submitted in December 2024 shows that China Railway International Group Co., Ltd. (China) holds the largest stake at 49%. Other shareholders include Nattanan Thaweepatchateeraram, Preecha Kaenman, and Phon Intana, each holding 17%.


15. China Railway First Group (Thailand) Co., Ltd.


The company was registered on April 17, 2018, with a current capital of 4.5 million baht. It is located in Khlong Toei, Bangkok. The company focuses on railway and subway construction. The two directors are Chinese nationals, Xiaokang Jiao and Pingxiao He.


The latest shareholder report submitted in December 2024 indicates that China Railway First Group Co., Ltd. (China) holds the largest stake at 98%, with Xiaokang Jiao holding 1%, Wei Lu (China) holding 0.99%, Pingxiao He holding 0.01%. The latest financial report for 2023 shows total assets of 2,766,237 baht, total liabilities of 47,660 baht, total revenue of 1,370 baht, total expenses of 575,789 baht, and a net loss of 574,419 baht.


16. China Railway Engineering (Thailand) Co., Ltd.


Dissolved on October 13, 2006, and the liquidation process was completed on February 22, 2007. The company was initially registered on April 26, 2002, with a current capital of 5 million baht. It was located in Bang Kho Laem, Bangkok. The company specialises in railway, airport, and port construction. The three directors were Chinese nationals, Xu De, Wang Wei Lin, and Yang Zhonglin.


The latest shareholder report submitted on April 30, 2006, indicates that Udomwit Jongsrirattanaporn held the largest stake at 25%, followed by Yang Zhonglin at 20%, Nattakan Panyanithisakul at 20%, Xu De at 15%, Zhang Changli (China) at 14%, Chairat Wongphumpanya at 3%, and Pramote Haitaku at 3%. There is no available financial data.


17. China Railway Aoyuan (Thailand) Co., Ltd.


Dissolved on August 2, 2022, and the liquidation process was completed on August 25, 2022. The company was registered on July 17, 2014, with a current capital of 1 million baht. It was located in Watthana, Bangkok. The company specialises in building construction and civil engineering. The sole director was Seksan Phaisiriphat.


The latest shareholder report submitted in April 2022 shows Seksan Phaisiriphat as the largest shareholder with 51%, followed by Chu Zhengxin (China) with 39% and Jia Lui (China) with 10%.


The latest financial report for 2021 shows total assets of 1,026,247 baht, total liabilities of 12,000 baht, total revenue of 13,649 baht, total expenses of 12,000 baht, and a net profit of 1,649 baht.


18. China Railway (Thailand) Co., Ltd.


Dissolved on February 14, 1996, and the liquidation process was completed on April 30, 1996. The company was registered on July 27, 1994, with a current capital of 10 million baht. It was located in Phitsanulok Province. The company was involved in general construction and civil engineering. The seven directors were Banleng Robbanjerd, Vanich Sirichroenphan, Suda Tantanarat, Theerapong Robbanjerd, Zhao Dengzhong (China), Liu Guohong (China), and Qi Renhao (China). However, no shareholder information or financial data is available.


19. China Railway Construction Engineering (Thailand) Co., Ltd.


Declared inactive by the registrar on February 6, 2023. The company was registered on August 8, 2017, with a current capital of 5 million baht. It was located in Bueng Kum, Bangkok. The company specialized in importing, exporting, and trading gold bullion. The four directors were Somphat Jantawan, Ratchanee Tangburapajit, Suphit Jantawan, and Teng Jiangping (China).


The latest shareholder report submitted in March 2021 shows China Railway Construction Engineering of Hunan Co., Ltd. (China) as the largest shareholder with 58%, followed by Ratchanee Tangburapajit with 15%, Somphat Jantawan with 15%, Ding Wei (China) with 5%, Lun Zhang (China) with 5%, and Suphit Jantawan with 2%. No financial data is available.


20. China Railway Construction (Southeast Asia) Co., Ltd.


The company was registered on December 19, 2013, with a current capital of 100 million baht. It is located in Wang Thonglang, Bangkok. The company specializes in construction contracting. The five directors include four Chinese nationals—Zhang Qingchang, Fang Qiangwei, and Deng Jianshen—and two Thai nationals, Atiporn Butsakon and Prukshachat Phuekpipat.


The latest shareholder report submitted in December 2024 shows China Railway Construction Corporation International (China) as the largest shareholder with 49%, followed by Atiporn Butsakon with 26% and Isaree Sophonsiriwatana with 25%.


21. Evana International Co., Ltd.


It was previously known by three different names: Thai Procurement Construction Co., Ltd., China Railway Procurement Asia Co., Ltd., and Thai Taxi Co., Ltd. before becoming its current name. The company was registered on November 16, 2017, with a current capital of 30 million baht. It is engaged in the retail sale of various types of construction materials.


As of the latest shareholder report, Prajuab Sirikhet holds 27.9% of the shares, while Manat Srianant is the director and holds 52.1%.


The financial report for 2023 shows total revenue of 302,937,666 baht, total expenses of 300,173,772 baht, interest expenses of 249,415 baht, income tax of 561,437 baht, and a net profit of 1,953,041 baht.


22. STP Import-Export (Thailand) Co., Ltd.,


Formerly known as China Railway Number 10 (Thailand) Co., Ltd., changed its name to STP Import-Export (Thailand) Co., Ltd. In 2018, China Railway Number 10 (Thailand) Co., Ltd. was established as a separate company. The company was registered on October 24, 2017, with a current capital of 2 million baht. Its purpose is to provide customs clearance services for imports and exports, and to sell various goods.


According to the latest shareholder report, Prajuab holds 37.48%, and Manat holds 62.48%. The financial report for 2023 shows total revenue of 6,321,912 baht, total expenses of 5,886,909 baht, income tax of 28,789 baht, and a net profit of 406,213 baht.


23. Federation Management Co., Ltd.


It was originally named China Railway Sanyu Group (Thailand) Co., Ltd., before changing to Tai Muai Group Co., Ltd. in June 2019, and then to its current name in September 2019. This company was dissolved on October 19, 2021, with the liquidation process completed by December 20, 2021. It was registered on November 20, 2015, with a current capital of 2 million baht. Located in Bang Rak, Bangkok, the company was involved in the sale of new trucks and heavy vehicles.


The two directors were Nawaporn Phakeeratisakun and Changjin Zhen (China). The latest shareholder report, submitted on April 30, 2021, shows Nawaporn as the majority shareholder with 51%, while Changjin Zhen (China) holds 48.99%, and Wenwen Zhen (China) holds 0.01%.


The financial report for 2020 shows total assets of 2,007,574 baht, total liabilities of 8,000 baht, no revenue, total expenses of 8,214 baht, and a net loss of 8,214 baht.


It should be noted that, apart from "China Railway Number 10," no complaints have been filed regarding any of the other 22 companies in relation to business operations, construction, or government procurement activities.

23 '''China Railway''' subsidiaries in Thailand with 5.7B baht capital

Haaarrroooowww. Can I have number 27, 10, 16, 5 and an egg fried rice ... oh and do you get free prawn crackers?

Subcontractors demand overdue payments from “China Railway No 10”

Ten freelance subcontractors installing public utilities at the State Audit Office building, before its collapse on March 28th during an earthquake, gathered at the construction site today to demand more than 10 million baht in overdue pay from the China Railway No 10 (Thailand) and Sub-Contract (9PK) Companies.


Thiprom Pothiprom, leader of the subcontractors, said he was hired by the two Chinese companies to install electrical systems at the building, from January last year until this January, and has not been fully paid in accordance with contract, despite having asked for payment three times.


The last time was on February 19th, when he met with representatives of the two companies who claimed that they had not yet been paid by the SAO for the construction of the building.


Thiprom also said that he has lodged a complaint with the Department of Labour Welfare and Protection, but claims to have been rejected on the grounds that he is not an employee, but a subcontractor.

Subcontractors demand overdue payments from “China Railway N

THREE THAI SUSPECTED NOMINEES FRONTED CHINA RAILWAY SINCE DAY ONE

Just a moment...

Can I take a bet that they will find that the company papers and seals have been rented out to the Thai chin operation

Originally Posted by malmomike77

Haaarrroooowww. Can I have number 27, 10, 16, 5 and an egg fried rice ... oh and do you get free prawn crackers?

1972 called - it wants its material back.

China Railway Group: Global Giant Under Scrutiny Over Subsidiary Corruption

The recent collapse of the State Audit Office (SAO) building in Thailand, triggered by a 7.7 magnitude earthquake, has placed a spotlight on the building's safety standards and, consequently, on the construction company involved: China Railway No.10 Engineering Group, a subsidiary of the infrastructure behemoth, China Railway Group (CREC).


This incident has prompted a closer examination of CREC's global operations, particularly concerning allegations of corruption and bribery within its international subsidiaries.


China Railway Group, a state-owned enterprise, is a major player in infrastructure development, both domestically and internationally.


Its subsidiaries, each identified by a numbered designation, manage projects worldwide.


For example, while No.10 is under scrutiny in Thailand, other subsidiaries like No.9 operate in regions including Saudi Arabia, Malaysia, and Uganda, and No.8 handles projects in Iraq, Singapore, and Laos. CREC also plays a significant role in China's "One Belt, One Road" initiative.


Despite the ongoing investigation into its subsidiary in Thailand, China Railway Group boasts an impressive record. It has been a consistent presence in the Fortune Global 500 for 17 years, ranking 34th in 2022.


The company is also listed on the Shanghai and Hong Kong stock exchanges, although its share price has seen a 5% decline since the Myanmar earthquake.

Infrastructure Powerhouse with Global Reach


China Railway Group is responsible for the construction of over two-thirds of China's railway network, including 90% of its electrified lines. It has also contributed significantly to the nation's expressway and urban rail transit systems.


The company's diverse portfolio encompasses railways, highways, municipal utilities, and large-scale infrastructure projects worldwide.


The group's technological prowess is well-documented. It claims leadership in bridge construction and tunnelling, and holds numerous patents and national awards for scientific and technological progress.


However, this reputation is juxtaposed with allegations of corruption and bribery involving its subsidiaries operating overseas.


Allegations of Corruption and Bribery


China Railway Tunnel Group (CRTG), another subsidiary of CREC, has been implicated in bribery scandals. In October 2023, two senior CRTG officials were convicted of bribing Singaporean government officials.


Furthermore, former China Railway Corporation head, Sheng Guangzu, was sentenced to 15 years in prison for accepting substantial bribes.

In 2012, reports surfaced regarding the arrest of a general manager from China CREC Railway Electrification Bureau Group on bribery suspicions.


These incidents have raised concerns about the company's oversight of its international operations.


Financial Performance and Market Reaction


China Railway Group's financial results for the first half of 2024 indicate a decline compared to the previous year.


Revenue fell by 7.8% to 544.522 billion yuan, gross profit decreased by 8.2% to 46.757 billion yuan, and net profit attributable to shareholders dropped by 12% to 14.279 billion yuan.


The recent earthquake and subsequent scrutiny of its subsidiary have contributed to market volatility, with the company's share price experiencing a notable decline.


As investigations continue, the international community will be closely monitoring China Railway Group's response to these allegations and the potential impact on its global projects.

China Railway Group: Global Giant Under Scrutiny Over Subsidiary Corruption

DSI raids four sites linked to Chinese firm behind collapsed SAO building

DSI raids 4 major targets linked to China Railway and PKW Joint Venture over collapsed SAO building; Set to contact 85-year-old engineer for testimony
Pol Capt Surawut Rangsai, Deputy Director-General of the Department of Special Investigation (DSI), led officers in a coordinated raid on four sites, armed with a Criminal Court search warrant. The operation targeted China Railway No. 10 (Thailand) Co., Ltd., PKW Joint Venture, and associated entities, resulting in the seizure of a large volume of documentary evidence.


The raids are part of an ongoing probe into a nominee case involving China Railway, which the DSI has classified as a special case. The investigation centres on the alleged fraudulent use of Thai nationals’ identities in connection with construction projects.


According to Surawut, documents from the State Audit Office (SAO) list 51 supervising engineers involved in overseeing the construction of the SAO’s new headquarters, which collapsed during an earthquake late last month.

Among those listed, Somkiat Chusangsuk—Chairman of the Engineering Clinics Subcommittee—has come forward to report that his signature was forged and his name used without consent.


Another engineer has since made a similar claim, bringing the number of confirmed victims of identity misuse to two. DSI investigators plan to summon the remaining 49 individuals named in the documents for questioning.


So far, about 10 witnesses have been interviewed. Between today and tomorrow, the DSI will begin questioning representatives from China Railway, Italian-Thai Development PLC, and associated shareholders—a total of seven individuals linked to the construction contract.


Three groups are being targeted in the investigation:


Group 1: Contractors and related parties (7 individuals)


Group 2: Accountants and auditors (6 individuals)


Group 3: Bidders not involved in the China Railway–Italian-Thai joint venture (6 individuals)


Summonses for these groups will be issued between April 18 and May 15.


Meanwhile, DSI spokesperson Pol Maj Woranan Srilam stated that investigators are working to identify who forged Somkiat’s signature and are verifying the actual number and identities of engineers involved in the project.


As for Phimon, the 85-year-old listed as the signatory on the construction plans for the Office of the State Audit Commission (SAO) building, the DSI has contacted him for cooperation. However, no confirmation has been received regarding his attendance. Authorities believe he could be a critical link in related investigations.

Simultaneous Raids Carried Out at Four Locations:


Location 1:
Carhub Auto and Tire Service Centre HQ, No. 143 Rama II Road, Chom Thong District, Bangkok — including the residence of Binling Wu.


Location 2:
Capwealth Engineering Co., Ltd., No. 76/2 Ramkhamhaeng Road, Min Buri District, Bangkok — also housing the PKW Joint Venture.


Location 3:
W. & Associates Consultants Co., Ltd., Ramkhamhaeng Road, Hua Mak Subdistrict, Bang Kapi District, Bangkok.


Location 4:
P.N. Synchronise Co., Ltd., Bang Mae Nang Subdistrict, Bang Yai District, Nonthaburi Province.

DSI raids four sites linked to Chinese firm behind collapsed SAO building

Knock knock!
Who dat der
Cop Nop for Mr Wong Watchman?
Wong Watchman Who?
Wong of me to not to request you enuff to retire

DSI to question 51 engineers involved in construction of SAO building

The Department of Special Investigation is to question 51 engineers who were involved in the construction of the collapsed SAO building.


DSI Spokesman Pol Maj Woranan Srilum said today that the DSI has obtained the names of the engineers from documents seized from four contractors, including the PKW joint venture, which was supervising the construction, the PN Synchronise Company and the Car Hub Company.


Among the 51 are Somkiat Chusaengsuk and “Chairith”, who claim that their names, which appear on contractor documents, were forged, and Pimon Charoenying, an 85-year-old engineer, who was involved in the design of the SAO building, said Woranan.


He said that the DSI’s investigation is focusing on the use of Thai nominees as partners in some construction firms, which are actually managed by non-Thais.


A joint venture of Italian Thai Development (ITD) and China Railway No 10 (Thailand) won the bid to construct the SAO building in Bangkok’s Chatuchak district.

DSI to question 51 engineers involved in construction of SAO

Police summon CEO of PKW Joint Venture in connection with collapse of SAO building

The Metropolitan Police Bureau (MPB) has summoned Patiwat Sirithai, CEO and major shareholder of PN Synchronize Co, Ltd — one of the PKW joint venture companies contracted by the State Auditor Office (SAO) to build its new headquarters in Bangkok’s Chatuchak district.


The under-construction 30-storey building on Kamphaeng Phet 2 Road collapsed on March 28 due to the impact of an 8.2-magnitude earthquake near Mandalay, Myanmar, trapping over a hundred workers inside.

Patiwat must testify to the investigators regarding the collapsed building incident on Monday (April 21), Pol Maj Gen Noppasilp Phulsawat, deputy chief of the MPB, said.


He added that investigators have issued summonses for all parties involved in the design, construction, supervision, and official approvals to provide testimony. Design engineers and supervisors from two contracted companies are now beginning to report for questioning — three have already appeared, while two more are expected.

Noppasilp noted that some individuals had requested to postpone their appearances, prompting the reissuance of summonses. If any parties continue to fail to appear, investigators will take steps to locate and compel them to testify, aiming to identify those responsible at every stage of the project. Patiwat, as a contract recipient, is considered a key figure in this process, he added.


Regarding potential legal action, Noppasilp said investigators are awaiting the results of forensic analyses and the findings of a government-appointed fact-finding committee. All efforts are being made to expedite the investigation and establish a clear cause for the building’s collapse, he said.


As for the alleged forgery of signatures of a project supervisor, the Wang Thonglang Police Station has already reported the matter to the MPB. It is likely to be consolidated with the main case regarding the building collapse, said Noppasilp.

The deputy chief also reported that forensic authorities have confirmed 42 deaths, including two victims whose body parts were recovered separately. An additional 50 individuals remain missing.


Investigators have so far questioned seven injured victims, 55 eyewitnesses, 26 relatives of the deceased, and 29 related parties — including representatives from the SAO, design contractors, construction contractors, project supervisors, material inspectors, and officials from the Department of Public Works and Town & Country Planning — totaling 117 statements to date. The investigation remains ongoing.


Evidence collection at the scene was conducted jointly by forensic officers, the Department of Public Works, and the Department of Special Investigation (DSI). Items collected include 193 pieces of rebar and 36 concrete samples, which have been sent for laboratory analysis.

Police summon CEO of PKW Joint Venture in connection with collapse of SAO building

I'm suprised they don't get forensic accountants in on this with all the numbers floating around.

Originally Posted by misskit

As for Phimon, the 85-year-old listed as the signatory on the construction plans for the Office of the State Audit Commission (SAO) building, the DSI has contacted him for cooperation. However, no confirmation has been received regarding his attendance. Authorities believe he could be a critical link in related investigations.

The gf tells me that Thai news has already reported that Phimon has said he had no involvement in this project.

China Railways No 10 company director formally booked by DSI

A Chinese director and major shareholder of the China Railway No 10 (Thailand) company was arrested and booked today, by officers from Thailand’s Department of Special Investigation (DSI), on charges of violating the Alien Business Act by using Thai nominees to hold shares in the company.


DSI officials are also looking for three Thais, identified as“Prachuab”, “Sophon” and “Manus”, who are believed to be nominee stock holders in the construction company. On paper, the trio hold 51% of the company’s equity, but DSI officials do not believe they are paid-up voting shareholders because of their financial status.


The Chinese director, identified as Chuan Lin Jang, was apprehended at his hotel room in Bangkok’s Ratchadapisekarea. Through an interpreter, a DSI official informed him of the charges specified in the warrant.


The China Railway No 10 (Thailand) - Italian-Thai Development Corp (CREC-ITD) joint venture entity won the 2.1 billion baht contract to construct a new office building for the State Audit Office, on 1.6 hectares of land rented from the State Railways of Thailand in the Chatuchak district of Bangkok. The building collapsed while under construction when it was struck by tremors from a strong earthquake in Myanmar on March 28th.


Justice Minister Tawee Sodsong said the DSI is also looking at filing charges against ITD and CREC for alleged bid rigging to win the contract.

China Railways No 10 company director formally booked by DSI

Three Thai directors of China Railway No 10 Company surrender to the DSI

Three Thai shareholders and directors of China Railway No 10 (Thailand) reported to the Department of Special Investigation today, to acknowledge charges of being nominees of foreign business.


The three Thai nationals have been identified as Manus Srianant, Prachuab Sirikate and Sophon Meechai.


According to the DSI, the three men are neither financially sound enough to own 51% of the equity in the major construction firm, nor are they construction engineers.


Manus’s lawyer claims, however, that the three men are not nominee shareholders, as charged by the DSI.


A joint venture, between China Railway No 10 (Thailand) and Italian-Thai Development Corporation (IDC), won the contract to construct the State Audit Office building in Chatuchak district, Bangkok, which collapsed on March 28th, when it was hit by tremors from an earthquake in Myanmar.


More than 40 Thai and Burmese nationals are confirmed dead following the collapse, and about 50 other people are still missing.


Using Thai nominees in the establishment of the construction firm, allegedly to get around the Alien Business Act, is just one of the illegal activities being investigated. The DSI, the police and other related agencies are also probing other suspected contributors to the collapse of the building, such as the use of substandard construction materials, changes in the design of the core lift shaft and lax supervision of the construction work.

Three Thai directors of China Railway No 10 Company surrende

DSI Confirms Apparent Nominee Fraud in Construction Firm Behind State Audit Office Building Collapse

Mr. Sitthiphon Wibunthanakun, a list MP from the People’s Party and chair of the House Economic Development Committee, urged a broader investigation into Chinese nominee shareholders in Thai construction firms, following the collapse of the State Audit Office building.


Agencies including the Department of Special Investigation (DSI), Department of Business Development (DBD), Thai Industrial Standards Institute, Iron and Steel Institute, and Engineering Institute of Thailand were summoned to discuss nominee involvement.


The DSI confirmed evidence of nominee shareholding and illegal substitution of engineers in the company behind the State Audit Office building.

Sitthiphon called on the government to expand checks to other buildings and companies suspected of Chinese nominee control, warning the issue extends beyond construction into agriculture and education sectors.


He revealed a sharp increase in nominee-established firms—from 500–600 in the past five years to 300 new ones just last year—often using Thai nationals to hold 51% of shares.

While existing laws cover ownership rules, he stressed better coordination is needed between agencies like the DBD and DSI to trace financial trails and address legal loopholes.

DSI Confirms Apparent Nominee Fraud in Construction Firm Behind State Audit Office Building Collapse - The Pattaya News