Much hangs on Gulf, InTouch deal

Quick Summary:

The planned amalgamation of Gulf Energy Development (Gulf) and InTouch Holdings (INTUCH) is aimed at simplifying the shareholding structure, strengthening the group's financial status and balancing the investment portfolio.

The energy business in Thailand may be saturated, so Gulf has been looking for new businesses that have better opportunity to grow and sees that both digital and communications have growth opportunities and will head in that direction, he added.

Gulf's deputy chief executive and chief finance officer Yupapin Wangviwat said the amalgamation aims to simplify the shareholder structure because the new entity will mean Gulf Group directly holds around 40% in AIS.

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Article Details

Category: EconomyBusiness

Markets: ThailandSingapore

Topics: Energy Company Baht Group Amalgamation Gulf Offer Price Intouch Shares Share

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 05:05:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1312 words

Reading Time: 8 minutes read

Sentences: 54 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21668966

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