True says China Mobile may sell a small portion of its stake
Thai telecommunications company True Corp. said Tuesday that China Mobile is evaluating the possibility of selling a small portion of its stake in the company, describing the potential transaction as normal portfolio management. True said in a filing with the exchange that the evaluation would take market conditions and other relevant factors into account. The company said China Mobile does not intend to sell its entire 7.81% stake and plans to remain a long-term shareholder.
Thai telecommunications company True Corp. said Tuesday that China Mobile is evaluating the possibility of selling a small portion of its stake in the company, describing the potential transaction as normal portfolio management.
True said in a filing with the exchange that the evaluation would take market conditions and other relevant factors into account.
The company said China Mobile does not intend to sell its entire 7.81% stake and plans to remain a long-term shareholder.
True said in a filing with the exchange that the evaluation would take market conditions and other relevant factors into account.
The company said China Mobile does not intend to sell its entire 7.81% stake and plans to remain a long-term shareholder.