MAJOR asks SEC to probe Form 246-2 after TRUE's shareholding concerns

Thansettakij•Economy•19d ago

Reader Briefing

MAJOR is urging the SEC to investigate alleged irregularities in a shareholding report (Form 246-2) following a similar concern raised by TRUE, citing discrepancies in preferred share holdings and the report filer's identity.

•MAJOR has requested the SEC to investigate discrepancies in a Form 246-2 filing, citing concerns that a report indicates the acquisition of nearly 10% of shares and preferred shares, which MAJOR claims do not exist.
•The filer of the report is not identified as a director, executive, or employee of MAJOR, nor are they on the SEC's whitelist.
•TRUE had previously alerted the SEC to similar issues regarding shareholding disclosures, with both companies awaiting the regulator's findings.
•The SEC mandates that significant shareholding changes (5% or more) must be reported via Form 246-2, aligning with international standards.

Overview

•On December 31, 2008, an individual identified as 'Temporary Executive' allegedly acquired 41,132,700 common shares of MAJOR, backdating the transaction.
•On June 29, 2026, MAJOR received a report (Form 59) detailing this alleged share acquisition.
•On July 2, 2026, the individual filed Form 246-2 with the SEC, stating acquisition of approximately 0.3776% common shares and 4.64% preferred shares, totaling 9.99% voting rights.
•MAJOR notified the SEC on July 7, 2026, regarding the discrepancies in the filing, particularly the claim of holding non-existent preferred shares.
•TRUE had previously reported similar issues concerning Form 246-2 disclosures, awaiting SEC review.
•The SEC has informed MAJOR that it will seek further facts from the report filer, with the matter currently under investigation.
•MAJOR specified that the preferred share information in the filing is inconsistent with facts, as the company has no outstanding preferred shares and never offered them to the public.
•The SEC is proceeding with an investigation into the reported shareholding details, as mandated by Section 246 of the Securities and Exchange Act.

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Key Quotes

MAJOR

"MAJOR stated that internal checks revealed several observations, particularly the information about holding preferred shares, which is inconsistent with the facts."

MAJOR ระบุว่า จากการตรวจสอบภายในพบข้อสังเกตหลายประการ โดยเฉพาะข้อมูลที่ระบุว่ามีการถือครองหุ้นบุริมสิทธิ ซึ่งไม่สอดคล้องกับข้อเท็จจริง

TRUE

"TRUE stated that the said transaction has no significant impact on the company's business operations, management, or performance."

TRUE ระบุว่า รายการดังกล่าว ไม่มีผลกระทบอย่างมีนัยสำคัญต่อการดำเนินธุรกิจ การบริหารจัดการ หรือการดำเนินงานของบริษัท

SEC Spokesperson

"According to the Securities and Exchange Act, Section 246, holders of securities at or exceeding 5% of total voting shares must submit a report on acquisition or disposal of securities."

ตามพระราชบัญญัติหลักทรัพย์และตลาดหลักทรัพย์ มาตรา 246 กำหนดให้ผู้ถือครองหลักทรัพย์ที่มีสัดส่วนการถือหุ้นแตะหรือข้ามทุกระดับ 5% ของจำนวนสิทธิออกเสียงทั้งหมด ต้องยื่นรายงานการได้มาหรือจำหน่ายหลักทรัพย์

Key Entities

Organization

MAJOR PCL(MAJOR)ℹ️

A company that has requested the SEC investigate a potentially irregular shareholding report (Form 246-2).

SEC(ก.ล.ต.)ℹ️

The Securities and Exchange Commission of Thailand, which is investigating a shareholding report (Form 246-2) following a complaint from MAJOR and a previous issue with TRUE.

True Corporation(TRUE)ℹ️

A company that previously raised concerns with the SEC about similar shareholding disclosure irregularities on Form 246-2.

Department of Provincial Administration(กรมการปกครอง)

The government department whose database is used by the SEC for initial verification of personal information for report filers.

Law

Form 246-2(แบบ 246-2)

A regulatory filing form required by the SEC for reporting the acquisition or disposal of securities for holdings at or exceeding 5% of total voting rights.

Preferred Shares(หุ้นบุริมสิทธิ)

A type of stock mentioned in a Form 246-2 filing that MAJOR disputes the existence of and claims were never offered to the public.

Form 59(แบบ 59)

A report received by MAJOR concerning changes in securities holdings and derivatives trading.

Person

Mr. Anek Yuyeun(นายเอนก อยู่ยืน)

Deputy Secretary-General and Spokesperson for the SEC, who explained the requirements of Form 246-2.