INTUCH Sees No Change in Management Control or Operations over GULF’s 10% Holding Stake

Intouch Holdings Public Company Limited (INTUCH) has announced that on October 6, 2020, Gulf Energy Development Public Company Limited (GULF) submitted a report of the progress of the investment in INTUCH’s ordinary shares to the Stock Exchange of Thailand (SET) by acquiring an additional 2.01% of INTUCH to increase the stake to 10%.

INTUCH stated that the new shareholding structure has not led to any changes in the company’s management control or business operations.