KBANK: GULF holds 10.0298% shares, business operations unaffected

Prachachat•Economy•1d ago

Reader Briefing

Kasikornbank (KBANK) shared details of GULF gaining a 10.0298% stake, assuring it will not alter the bank's operational policies or management structure.

•Kasikornbank (KBANK) has officially disclosed its shareholding details to the stock exchange.
•Gulf Energy Development Public Company Limited (GULF) and related individuals now hold 10.0298% of KBANK shares.
•KBANK asserts that this change in shareholding will not affect its business policies, management structure, or operations.

Overview

•KBANK has informed the stock exchange and disclosed details regarding shareholding by GULF and individuals under Section 258.
•The combined shareholding by GULF and individuals under Section 258 has reached 10.0298% of KBANK.
•KBANK explicitly stated that this change in shareholding percentage has no impact on the bank's business operations.
•KBANK confirmed that the shareholding changes do not affect the bank's management structure.
•KBANK further affirmed that the shareholding changes have no impact on the bank's management.
•The disclosure addresses potential concerns regarding significant share acquisitions in financial institutions.

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Key Entities

Organization

Kasikornbank(KBANK)ℹ️

The bank that disclosed shareholding details and affirmed no impact on operations.

Gulf Energy Development(GULF)ℹ️

The company whose shareholding in KBANK was disclosed.