True Corporation Addresses China Mobile Share Sale Rumors

True Corporation Public Company Limited (TRUE) has officially responded to market rumors suggesting that China Mobile International Holdings Limited, a major shareholder, intended to sell its entire 7.81% stake in the company. According to a statement filed with the Stock Exchange of Thailand, True Corporation confirmed that China Mobile has no intention of offloading its full shareholding.

Instead, China Mobile is reportedly considering a minor adjustment to its investment portfolio. True Corporation emphasized that this potential move is a routine management decision based on market conditions and external factors, rather than any issues related to the company’s internal performance or business health. China Mobile has reaffirmed its commitment to a long-term partnership, citing confidence in True Corporation’s growth potential and business outlook.

For residents and expatriates in Thailand, this clarification provides stability regarding the ownership structure of one of the country’s largest telecommunications providers. While the market may see minor fluctuations if a small portion of shares is eventually sold, the core business operations remain unaffected by these portfolio adjustments. Investors and stakeholders should note that while the intent to sell the entire stake has been denied, the exact timing and scale of any minor share divestment remain subject to future market conditions and have not yet been finalized.