SEC Accelerates TRUE Stock Deal Probe After Warning
Thailand's SEC has accelerated its investigation into TRUE stock transaction discrepancies after flagging data inaccuracies in a major share acquisition by Suphaporn Phimphong in June 2025. The regulator warned investors Friday while examin
The Securities and Exchange Commission (SEC) is intensifying its investigation into a TRUE stock transaction following a warning flag raised over data discrepancies. SEC Deputy Secretary-General and Spokesperson Anuek Yuyyuen revealed that the regulator has been tracking the case since its initial report and identified concerns regarding the accuracy of the Form 246-2 filing. On Friday, July 3, 2025, the SEC issued a warning marker to alert investors about the questionable report. The SEC is accelerating its fact-checking process and will examine information and question all relevant parties. If the SEC determines that any actions violate applicable laws or regulations, it will pursue strict legal proceedings. The investigation involves Suphaporn Phimphong's acquisition of TRUE shares on June 15, 2025, representing 3.2174% of total voting rights, bringing her total stake to 7.0992% of the company's voting rights. TRUE countered that the acquisition details—3.1786% ordinary shares and 0.0388% preferred shares—are preliminary and incomplete, currently under review. The company noted potential inaccuracies, as it has never offered preferred shares to the public and currently holds none.
