On September 5, 2025, a block trade was recorded in shares of Gulf Development Public Company Limited (SET: GULF), involving one transaction of 62 million shares, valued at 2.914 billion baht, at an average price of 47 baht per share—matching the market price.
According to the latest disclosure to the Securities and Exchange Commission (SEC), Sarath Ratanavadi, GULF’s CEO and board director, reported the sale of 62 million ordinary shares—representing roughly 1.40% of total voting rights in the company—on September 5, 2025. The shares were sold at an average price of 47 baht each, totaling approximately 2.914 billion baht. The transaction’s counterparty was J.P. Morgan Structured Products B.V.
Following the sale, Mr. Sarath’s stake in GULF has decreased to 4,362,078,293 shares, down from 4,424,078,293 shares previously.
Shares of GULF closed at 47.50 baht on the day, peaking at 48.25 baht and hitting a low of 47 baht, with a total trading value of 4.99 billion baht.
