Sarath Ratanavadi Increases Stake in ADVANCE Ahead of Dividend Payout

According to a report from Prachachat Business citing data from the Securities and Exchange Commission (SEC), Sarath Ratanavadi, a prominent Thai business figure, has purchased 1,000,000 shares of Advanced Info Service (ADVANCE). The transaction was executed at an average price of 372 baht per share, totaling an investment of 372 million baht.

This acquisition was completed shortly before the company’s ex-dividend (XD) date. As a result of this purchase, Sarath is set to receive a dividend payment of 8.69 baht per share, amounting to a total payout of 8.69 million baht. The company is scheduled to distribute these dividends to shareholders on September 3, 2026.

For residents and expatriates in Thailand, this move highlights significant activity within the telecommunications sector, which remains a critical component of the nation's digital infrastructure. While this transaction reflects the strategic financial decisions of a major investor, it does not directly alter service availability or pricing for consumers. Observers may continue to monitor SEC filings for further shifts in major shareholdings, as such movements can sometimes signal broader confidence in the performance of Thailand's leading telecommunications providers. At this time, no further details regarding additional future acquisitions by the investor have been confirmed.