Gulf EnergyRegulatory · 2026-02-16 00:00

Gulf Energy Development clarified it will not interfere with Kasikornbank's management despite its shareholding, adhering to good corporate governance.

Gulf Energy Development issued a statement to the Stock Exchange of Thailand, clarifying its position as a shareholder in Kasikornbank. The company affirmed it has no intention to influence the bank's business policies, management structure, or operations.

This clarification underscores Gulf Energy's commitment to good corporate governance principles and its role as a passive investor. It also addresses potential market speculation regarding its influence over the bank's strategic direction.

Fast Facts

·Company making statement: Gulf Energy Development Public Company Limited
·Subject of statement: Shareholding in Kasikornbank Public Company Limited
·Recipient of statement: Stock Exchange of Thailand
·Previous disclosure date mentioned: February 16, 2026
·Gulf's stance: No intention to interfere with Kasikornbank's business policies or management
·Governance principle: Adherence to good corporate governance for listed companies
·Shareholder action: Will exercise rights as a shareholder to protect interests
·Concerns raised: Current economic challenges, uncertain recovery, interest rate trends

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People Mentioned

Yupapin Wangviwat

Chief Financial Officer at Gulf Energy Development Public Company Limited

Source

Gulf Energy Development clarified it will not interfere with Kasikornbank's management despite its shareholding, adhering to good corporate governance.