True Corporation Public Company Limited (SET: TRUE) has informed the Stock Exchange of Thailand that regarding news reports published by various media concerning China Mobile International Holdings Limited’s potential disposal of its 7.81% shareholding in the company, the company has confirmed with China Mobile that it has no intention to exit its entire investment in the company.
The company stated that China Mobile is currently assessing a possible sale of only a small portion of its shareholding in the company as a normal part of its investment portfolio management, subject to market and other relevant considerations, unrelated to TRUE.
China Mobile has confirmed that it intends to remain a long-term shareholder, regards the company as an important strategic partner, and continues to put confidence in the company’s long-term development and business outlook.
TRUE does not expect any potential small stake divestment by China Mobile, should it materialize, to have any material impact on the business direction, management or operations of the company.
