GULF confirms Kasikornbank shareholding below 10% to SET

Khaosod•Economy•1d ago

Reader Briefing

GULF clarifies to the Stock Exchange of Thailand (SET) that its shareholding in Kasikornbank remains below the 10% threshold mandated by the Bank of Thailand, emphasizing no involvement in bank management.

•GULF has officially informed the Stock Exchange of Thailand (SET) regarding its shareholding in Kasikornbank.
•The company states its stake does not exceed 10%, aligning with Bank of Thailand (BOT) regulations.
•GULF asserts it does not interfere with Kasikornbank's operational policies or management.
•The shareholding was calculated according to BOT regulations, excluding its own treasury stocks.
•GULF confirms it receives information as an equal shareholder and has offered advice on economic conditions.

Overview

•GULF sent a letter to the Stock Exchange of Thailand to clarify its shareholding in Kasikornbank.
•GULF confirmed its shareholding in Kasikornbank does not exceed 10%, as stipulated by the Bank of Thailand (BOT).
•GULF stated that its reporting is in compliance with the Capital Market Supervisory Board Announcement No. Tor Jor 28/2011.
•The calculation of voting rights excludes treasury stocks held by Kasikornbank at the end of January 2026.
•The acquisition does not trigger a requirement for approval from the BOT under Announcement No. 41/2025.
•GULF denied any contact or coordination with Kasikornbank regarding business policies, management structure, or operations.
•GULF affirmed it has no intention to participate in setting policies or managing Kasikornbank.
•GULF noted that it receives performance and other information from Kasikornbank management similarly to other shareholders.

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Key Quotes

GULF

"The company wishes to clarify that the submission of this report is a compliance with duties as stipulated in the Capital Market Supervisory Board Announcement No. Tor Jor 28/2011 concerning requirements for reporting the acquisition or disposal of securities."

บริษัทขอเรียนชี้แจงว่า การยื่นรายงานดังกล่าวเป็นการปฏิบัติตามหน้าที่ตามที่กำหนดไว้ในประกาศคณะกรรมการกำกับตลาดทุนที่ ทจ. 28/2011 เรื่อง ข้อกำหนดเกี่ยวกับการรายงานการได้มาหรือจำหน่ายหลักทรัพย์

GULF

"The company has no policy to participate in setting policies or managing the bank."

บริษัทไม่มีนโยบายที่จะเข้าไปมีส่วนร่วมในการกำหนดนโยบายหรือการบริหารจัดการของธนาคาร

Key Entities

Organization

GULF Energy Development Public Company Limited(GULF)ℹ️

An energy company that has disclosed its shareholding in Kasikornbank.

The Stock Exchange of Thailand (SET)(ตลาดหลักทรัพย์ฯ)ℹ️

The regulatory body to which GULF submitted its clarification on shareholding.

Kasikornbank Public Company Limited(ธนาคารกสิกรไทย)ℹ️

The bank in which GULF holds shares and is the subject of the clarification.

Bank of Thailand (BOT)(ธปท.)ℹ️

The central bank that sets regulations regarding financial institution shareholding limits.

Capital Market Supervisory Board(คณะกรรมการกำกับตลาดทุน)

A board whose announcement governs the reporting of securities acquisition or disposal.

Law

Capital Market Supervisory Board Announcement No. Tor Jor 28/2011(ประกาศคณะกรรมการกำกับตลาดทุนที่ ทจ. 28/2011)

A regulation concerning the reporting requirements for acquiring or disposing of securities.

Treasury Stockℹ️

Shares repurchased by a company that are not yet canceled.

Bank of Thailand Announcement No. 41/2025(ประกาศ ธปท. ที่ 41/2025)

A regulation from the Bank of Thailand that permits holding shares in financial institutions or their parent holding companies exceeding 10%.