Gulf Development Public Company Limited (SET: GULF) has increased its shareholding in Kasikornbank Public Company Limited (SET: KBANK) by acquiring an additional 5,399,600 shares on October 14, 2025, according to a filing. With this latest purchase, GULF’s total stake in KBANK now stands at 5.0288%.
Under securities regulations, surpassing the 5% ownership threshold mandates that GULF disclose its acquisition to the Securities and Exchange Commission (SEC). This disclosure requirement ensures all investors are informed of material changes that may impact the balance of control within the company, including shares held by related parties.
According to the filing, the objective of such reporting is to provide transparency to investors regarding any shifts in influence or control.
