Gulf Energy takes 10% stake in Intouch
Gulf Energy Development (GULF) on Tuesday became the second-largest shareholder of Intouch Holdings (INTUCH) after securing a 10-per-cent stake in the company.
Gulf’s board of directors had previously approved spending up to Bt19 billion to boost its Intouch shareholding via the Stock Exchange of Thailand or other methods.
As of Tuesday, Gulf held 320.65 million Intouch shares, upping its stake from 7.99 per cent to 10 per cent.
Singtel Global Investment holds the largest stake in Intouch, with a shareholding of 21 per cent.
