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True Corp Confirms China Mobile’s Intention to Remain Long-Term Shareholder
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The article concerns TRUE and does not contain any information relevant to the business operations or stock performance of OR.
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True Corporation clarified that China Mobile intends to remain a long-term shareholder, dismissing concerns regarding a full exit and confirming its status as an important strategic partner.
Article body
True Corporation Public Company Limited (SET:
TRUE
) has informed the Stock Exchange of Thailand that regarding news reports published by various media concerning China Mobile International Holdings Limited’s potential disposal of its 7.81% shareholding in the company, the company has confirmed with China Mobile that it has no intention to exit its entire investment in the company.
The company stated that China Mobile is currently assessing a possible sale of only a small portion of its shareholding in the company as a normal part of its investment portfolio management, subject to market and other relevant considerations, unrelated to TRUE.
China Mobile has confirmed that it intends to remain a long-term shareholder, regards the company as an important strategic partner, and continues to put confidence in the company’s long-term development and business outlook.
TRUE does not expect any potential small stake divestment by China Mobile, should it materialize, to have any material impact on the business direction, management or operations of the company.