Form 246-2: 5% Shareholding Reporting for Investors

Thansettakij•Economy•20d ago

Reader Briefing

Thailand's SEC mandates Form 246-2 for disclosure of significant shareholding changes to ensure market transparency.

•Form 246-2 is a legal mechanism for disclosing changes in major shareholders of listed companies.
•Shareholders exceeding or reaching 5% of voting rights must report to the SEC within 3 business days.
•Inaccurate or intentionally concealed information can lead to civil and criminal penalties.
•Tracking major shareholder movements is a crucial strategy for investors due to its impact on business direction.

•Form 246-2 serves as a critical capital market law mechanism to disclose major shareholder changes in listed companies.
•The objective of Form 246-2 is to enable investors to transparently understand shifts in shareholding structure and control of businesses.
•Shareholders whose holdings reach or cross every 5% threshold of total voting rights are obligated to submit a report to the SEC.
•Reports must be submitted within 3 business days from the date of acquisition or disposal of securities (T + 3).
•Providing incorrect information or intentionally concealing facts can result in civil and criminal liabilities as stipulated by law.
•Tracking major shareholder movements is vital for investors as significant stock transfers affect management power and future business direction.
•The SEC has established Form 246-2 as a tool to enhance transparency for retail investors to stay informed.
•The reporting obligation includes the shareholding proportions of the same individual or "group of individuals" to provide a comprehensive view.

Full article content is available on the original source.

Form 246-2(แบบ 246-2)

A capital market law requiring disclosure of major shareholding changes.

SEC(ก.ล.ต.)ℹ️

The Securities and Exchange Commission, which mandates and oversees Form 246-2 reporting.

Listed Companies(บริษัทจดทะเบียน)

Companies whose shares are traded on the stock exchange, subject to Form 246-2 reporting.

True Corporation(TRUE)ℹ️

The company whose shareholding of Suphaporn Pimphong is under review.

Department of Provincial Administration(กรมการปกครอง)

The government department whose population registration database is used for identity verification in the SEC's online system.

Investors(นักลงทุน)

Individuals or entities who invest in the stock market and are beneficiaries of Form 246-2 transparency.

Suphaporn Pimphong(สุภาพร พิมพงษ์)

Individual named in relation to a potential stock purchase and scrutiny by the SEC.

Supachai Chearavanont(ศุภชัย เจียรวนนท์)ℹ️

Individual who stated that Suphaporn Pimphong holds 7% of True Corporation shares.

Ekniti(เอกนิติ)

Individual who ordered the SEC to expedite the investigation into the Suphaporn Pimphong case.