Thailand’s cinema operator Major Cineplex Group Public Company Limited (SET: MAJOR) has become the latest high-profile Thai listed company to flag glaring inaccuracies in a series of highly irregular, years-late shareholding filings submitted to the regulator.
In a formal clarification to the Stock Exchange of Thailand (SET) on Tuesday, July 7, 2026, MAJOR categorically denied any operational or structural ties to an individual who claimed to have quietly amassed a near-10% stake in the entertainment giant over a span of nearly two decades.
According to the official statement, MAJOR first detected anomalies on June 29, 2026, when a Report on Changes of Securities and Derivatives Holdings (Form 59) appeared on the system. The form, filed by an individual claiming to be a “temporary executive,” reported an acquisition of 41,132,700 ordinary shares backdated to December 31, 2008—nearly 18 years ago.
The situation escalated on July 2, 2026, when the same individual submitted a Form 246-2 threshold report to the Securities and Exchange Commission (SEC). That disclosure asserted the acquisition of a 0.3776% stake in ordinary shares alongside a massive 4.6400% position in preferred shares, allegedly bringing the individual’s total voting rights in MAJOR to 9.9906%.
Much like the recent disclosure anomaly involving telecom giant True Corporation (SET: TRUE), MAJOR explicitly dismantled the validity of these figures:
- Non-Existent Asset Classes: MAJOR noted that it has never offered preferred shares to the general public, and the company currently has absolutely zero preferred shares outstanding.
- No Corporate Affiliation: Internal verifications confirmed that the filer is not, and has never been, a director, executive, or employee of Major Cineplex Group.
- System Bypass: The filer is not listed on the company’s official registered whitelist maintained with the SEC for submitting regulatory corporate filings.
MAJOR emphasized that the SEC’s database currently marks this Form 246-2 submission as “preliminary information,” indicating it is incomplete and under active regulatory scrutiny. The company officially reported the discrepancies to the SEC on July 7, 2026, prompting the regulator to contact the filer for direct verification.
MAJOR stated that it does not expect this filing discrepancy to have any material impact on its business direction, daily management, or financial operating results.
