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GULF Clarifies KBANK Shareholding, No BOT Permit Needed

GULF Clarifies KBANK Shareholding, No BOT Permit Needed

Thansettakij•Economy•1d ago

Reader Briefing

GULF states its increased shareholding in KBANK does not violate banking regulations and does not necessitate Bank of Thailand approval.

  • •GULF has increased its shareholding in KBANK.
  • •GULF claims the increase does not exceed the 10% threshold for financial institutions, as per BOT regulations.
  • •The calculation excludes treasury shares, adhering to BOT's approach.
  • •Therefore, GULF asserts no permission from the Bank of Thailand is required for this acquisition.

Overview

  • •GULF has issued a clarification regarding its increased shareholding in KBANK.
  • •The reporting of this acquisition is in compliance with the Capital Market Supervisory Board's announcement concerning securities acquisition reporting.
  • •Shareholding is calculated based on the total voting rights of the bank, excluding treasury stock as of the end of Jan 2026.
  • •The acquisition does not result in GULF holding shares of a financial institution exceeding 10% of its total issued shares.
  • •This calculation is performed without deducting treasury shares, following the Bank of Thailand's criteria as per Announcement No. 41/2025.
  • •GULF states that this shareholding level does not trigger the requirement for permission from the Bank of Thailand (BOT).
  • •The relevant regulation from the Bank of Thailand is Announcement No. 41/2025 concerning permission to hold shares in financial institutions exceeding 10%.

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Key Quotes

GULF
"The acquisition of these shares has not resulted in the company holding or possessing shares of a financial institution exceeding 10% of the total issued shares of the financial institution, calculated without deducting treasury shares, according to the Bank of Thailand's criteria."
การได้มาซึ่งหุ้นดังกล่าวยังไม่เป็นผลให้บริษัทฯ ถือหุ้นหรือมีไว้ซึ่งหุ้นของสถาบันการเงินเกินกว่า 10% ของจำนวนหุ้นที่จำหน่ายได้แล้วทั้งหมดของสถาบันการเงิน ซึ่งคำนวณโดยไม่หักจำนวนหุ้นซื้อคืน ตามหลักเกณฑ์ของธนาคารแห่งประเทศไทย
GULF
"Therefore, the acquisition of shares this time does not fall under the category requiring permission from the Bank of Thailand (BOT) according to the aforementioned criteria."
ดังนั้น การได้มาซึ่งหุ้นในครั้งนี้จึงยังไม่เข้าข่ายเป็นกรณีที่ต้องขออนุญาตจากธนาคารแห่งประเทศไทย (ธปท.) ตามหลักเกณฑ์ดังกล่าว

Key Entities

Organization

GULF
A company that has clarified its increased shareholding in KBANK.
KBANK
A financial institution in which GULF has increased its shareholding.
Bank of Thailand (BOT)(ธปท.)ℹ️
The regulatory body whose permission GULF states is not required for its KBANK shareholding increase.

Law

Capital Market Supervisory Board Announcement No. Tor Jhor 28/2011(คณะกรรมการกำกับตลาดทุนที่ ทจ. 28/2011)
A regulation that GULF is adhering to regarding the reporting of securities acquisition.
Bank of Thailand Announcement No. 41/2025(ประกาศธนาคารแห่งประเทศไทย ที่ 41/2025)
A regulation from the Bank of Thailand that governs thresholds for holding shares in financial institutions.