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Supachai dodges questions on Suphaporn's 7% True shares, defers to SEC

Supachai dodges questions on Suphaporn's 7% True shares, defers to SEC

Prachachat•Economy•10d ago

Reader Briefing

True Corp denies knowledge of major shareholder Suphaporn, referring the matter to the SEC, while Supachai Jiaranai also defers to the regulator.

•An investor named Suphaporn Phimphong is listed as the 6th largest shareholder of True Corp with over 7% of shares. The value is nearly 30 billion THB.
•True Corp has conducted an internal review and found no evidence of actual share trading corresponding to the report, questioning the validity of preferential shares mentioned.
•The company has submitted the case to the Securities and Exchange Commission (SEC) for urgent investigation to maintain investor confidence.
•Supachai Jiaranai, Senior Executive Vice President of Charoen Pokphand Group, declined to comment on the matter, directing inquiries to the SEC.

Overview

•The identity of Suphaporn Phimphong, a new investor listed as True Corp's 6th largest shareholder (over 7% stake), remains unclear.
•True Corp confirmed an internal investigation found no evidence of actual trading for the reported 7% shareholding.
•True Corp questioned the claim of holding preferential shares, as the company stopped issuing them long ago, leading to a referral to the SEC.
•True Corp officially submitted the case to the SEC for urgent fact-finding in order to prevent impact on overall investor confidence.
•The issue emerged when Suphaporn Phimphong's name appeared in documents filed with the SEC in early July.
•Supachai Jiaranai, Senior Executive Vice President of Charoen Pokphand Group, was questioned about the controversial shares at an event.
•Supachai Jiaranai stated that questions regarding the shares must be directed to the SEC, as they are responsible for shareholding filings.
•The SEC is expected to investigate the matter to clarify the facts surrounding the shareholding and maintain market trust.

Full article content is available on the original source.

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Source: Prachachat (Original)

Key Quotes

Supachai Jiaranai

"This matter must be asked to the SEC. I don't want to talk about this."

เรื่องดังกล่าวต้องไปถาม ก.ล.ต. ผมไม่อยากพูดเรื่องนี้

Key Entities

Person

Supachai(ศุภชัย)

Senior Executive Vice President of Charoen Pokphand Group who declined to comment on a shareholding issue.

Suphaporn Phimphong(สุภาพร พิมพงษ์)

An investor identified as the 6th largest shareholder of True Corp with over 7% of shares.

Organization

True Corp(ทรู คอร์ปอเรชั่น)ℹ️

The company whose major shareholder's identity and shareholding are under scrutiny.

SEC(ก.ล.ต.)ℹ️

The Securities and Exchange Commission, the regulatory body investigating the shareholding matter.

Charoen Pokphand Group(เครือเจริญโภคภัณฑ์)ℹ️

The conglomerate to which Supachai Jiaranai belongs.

Mae Fah Luang Foundation(มูลนิธิแม่ฟ้าหลวง)ℹ️

A foundation involved in a green economy initiative with Charoen Pokphand Group.

Supachai dodges questions on Suphaporn's 7% True | thailandedition