The Information · Nation Thailand
TRUE stake filing raises questions over SEC disclosure checks
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◌ Single Source
TRUE Corporation has asked the Securities and Exchange Commission to verify a Form 246-2 filing that appeared to show Supaporn Phimpong acquiring a major stake in the telecom giant through UBS Group AG, turning what began as a mystery-shareholder story into a wider test of Thailand’s market-disclosure system.
Key facts
- The filing, published in a Stock Exchange of Thailand summary of SEC Form 246-2 reports, stated that Supaporn acquired TRUE shares on June 15, 2026, equivalent to 3.2174% of total voting rights, raising her holding to 7.0992%
- The immediate issue for investors is whether the reported 7.0992% holding will be confirmed, revised or withdrawn
- A capital-market source reportedly said Supaporn’s name had appeared in Form 246-2 filings involving at least six listed companies since 2018, including TRUE, KBANK, AAV, BBL, GLS and MAJOR, with several cases later drawing questions or
- It was reported that the Form 246-2 filing had been marked as a “Preliminary Version”, meaning the information was still under verification
Summary
The filing, published in a Stock Exchange of Thailand summary of SEC Form 246-2 reports, stated that Supaporn acquired TRUE shares on June 15, 2026, equivalent to 3.2174% of total voting rights, raising her holding to 7.0992%. Such a stake, if confirmed, would immediately place the name among TRUE’s major shareholders and make the transaction one of the most closely watched shareholding moves in the Thai capital market.
The case took a new turn after TRUE reportedly sent a clarification letter to securities firms and institutional investors, saying it had doubts over whether the transaction actually occurred as reported or whether the filing contained inaccurate information. The company said the matter had been escalated to the SEC for review in order to clarify the facts for investors.