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GULF Wins Deal of the Year at SET Awards 2026 Recognized for Successful Strategic Amalgamation
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2 แหล่งข่าวยืนยัน
Gulf Development Public Company Limited (GULF), represented by Ms. Bung-on Suttipattanakit (right), Executive Director, received the Deal of the Year award in the Mergers & Acquisitions Deal category in recognition of the successful strategic amalgamation between Gulf Energy Development Public Company Limited (Gulf Energy) and Intouch Holdings Public Company Limited (INTUCH), which was completed on April 1, 2025. The award was presented by Mr.
Key facts
- The Deal of the Year Awards are part of the Business Excellence category of the SET Awards and recognize outstanding transactions across three areas: fundraising transactions with an offering value exceeding THB 3 billion, fundraising
- Gulf Development Public Company Limited (GULF), represented by Ms
- The amalgamation between Gulf Energy and INTUCH was a large-scale and complex transaction involving listed companies in both Thailand and Singapore, as well as multiple groups of shareholders and stakeholders
- The transaction therefore required careful management at every stage, with due consideration given to the rights and interests of relevant shareholders and stakeholders
- The amalgamation also marked an important step in streamlining the group’s corporate structure, enhancing the efficiency of capital and asset management across the group, and increasing flexibility in business operations and investment
- These benefits support GULF’s long-term growth and create further business opportunities across the energy, infrastructure, digital, Cloud and AI, and telecommunications sectors.
Summary
The amalgamation between Gulf Energy and INTUCH was a large-scale and complex transaction involving listed companies in both Thailand and Singapore, as well as multiple groups of shareholders and stakeholders. The transaction therefore required careful management at every stage, with due consideration given to the rights and interests of relevant shareholders and stakeholders.
The award also marks another milestone in GULF’s series of successful strategic transactions. In 2022, Gulf Energy received the Deal of the Year award in the Mergers & Acquisitions Deal category at the SET Awards for its tender offers for securities of INTUCH and Advanced Info Service Public Company Limited (ADVANC). These transactions were followed by the restructuring and eventual amalgamation between Gulf Energy and INTUCH, which was completed in 2025.