Gulf EnergyRegulatory · 2026-02-16 00:00

Gulf Energy Development clarifies its 10% shareholding in Kasikornbank and its compliance with regulatory reporting.

Gulf Energy Development issued a clarification regarding its acquisition of shares in Kasikornbank, stating that its shareholding reached or exceeded 10% of the bank's total voting rights, calculated after deducting treasury stock.

This clarification ensures compliance with SEC reporting requirements while confirming that the acquisition does not yet exceed the Bank of Thailand's threshold requiring special permission for financial institution shareholding.

Fast Facts

·Acquirer: Gulf Energy Development Public Company Limited
·Target: Kasikornbank Public Company Limited
·Acquisition date: February 12, 2026
·Reporting date to SEC Thailand: February 13, 2026
·Shareholding threshold reached: 10% of total voting rights (after deducting treasury stock)
·Regulatory body for reporting: Securities and Exchange Commission (SEC) Thailand
·Regulatory body for permission: Bank of Thailand
·Current status: Does not yet require Bank of Thailand permission

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People Mentioned

Yupapin Wangviwat

Chief Financial Officer at Gulf Energy Development Public Company Limited

Source

Gulf Energy Development clarifies its 10% shareholding in Kasikornbank and its compliance with regulatory reporting.