Firm aims to pursue further restructuring
SET-listed Gulf Energy Development is expected to pursue a further restructuring of its telecom business portfolio this year, which will include becoming the direct major shareholder of leading mobile operator Advanced Info Service (AIS), according to a market analyst.
Thailand’s biggest private power producer by market value holds a 46.7% stake in InTouch Holdings Plc. InTouch is AIS’s biggest shareholder with a 40.4% stake, followed by Singapore’s Singtel with 23.3%.
Pisut Ngamvijitvong, senior equity research manager of Kasikorn Securities (KS), said analysts were told by Gulf’s management during a recent analyst forum that…
