China Mobile remains True strategic shareholder

MGR Online•Economy•18d ago

Reader Briefing

True Corporation confirms China Mobile remains a strategic shareholder despite a potential sale of up to 1% of shares for portfolio management.

•China Mobile is a strategic shareholder of True Corporation with a commitment to long-term investment.
•The consideration to sell shares not exceeding 1% is based on Chinese state-owned enterprise investment policies.
•True Corporation and China Mobile are collaborating on AI for network optimization, operations, and AI services for B2B and B2C customers.
•Sigve Brekke confirmed that China Mobile has no intention to sell all its shares in True Corporation.

Overview

•True Corporation confirms that China Mobile remains a strategic shareholder committed to long-term investment in the company.
•The consideration to sell shares not exceeding 1% is part of China Mobile's investment portfolio management following Chinese state-owned enterprise policies.
•Sigve Brekke stated that the potential sale of up to 1% of shares does not reflect a change in confidence toward True Corporation or Thailand.
•True Corporation and China Mobile are implementing AI for Network Optimization to increase service efficiency and reduce operating costs.
•True Corporation and China Mobile are applying AI in operations, sales, and customer service to enhance customer experience.
•True Corporation and China Mobile are developing AI Services for both corporate (B2B) and general (B2C) customers to support the digital economy.
•Sigve Brekke stated that if the sale of up to 1% of shares occurs, it will not affect True Corporation's business direction, investment plans, or operations.
•True Corporation has disclosed information to the Stock Exchange of Thailand regarding China Mobile's confirmation not to sell all held shares.

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Key Quotes

Sigve Brekke

"I have discussed with high-level executives of China Mobile, who confirmed that China Mobile has no intention of selling all the shares it holds in TRUE."

ผมได้หารือกับผู้บริหารระดับสูงของ China Mobile แล้ว ซึ่งได้รับการยืนยันว่า China Mobile ไม่มีความตั้งใจที่จะขายหุ้นทั้งหมดที่ถืออยู่ใน TRUE

Key Entities

Organization

True Corporation(ทรู คอร์ปอเรชั่น จำกัด (มหาชน))ℹ️

A telecommunications company and the entity in which China Mobile holds shares.

China Mobileℹ️

A strategic shareholder of True Corporation and one of the world's largest telecommunications providers.

Stock Exchange of Thailand(ตลาดหลักทรัพย์แห่งประเทศไทย)ℹ️

The entity where True Corporation disclosed information regarding China Mobile's shareholding.

Person

Sigve Brekke(ซิกเว่ เบรกเก้)ℹ️

Chief Executive Officer of True Corporation.

Place

Thailand(ประเทศไทย)ℹ️

The country where True Corporation operates.