GULF Shareholding Change: Sarath Ratanavadi Adds 33.5 Million Shares
Increase details: bought 33.5 million shares through a block trade
GULF CEO and major shareholderSarath Ratanavadi (Sarath Ratanavadi) bought another 33.5 million GULF shares through a block trade at an average price of 59 baht/share, for a total transaction value of about 1,976.5 million baht.
This increase signals confidence in the company's outlook; meanwhile, the market has heard that Singtel plans to dispose of 416 million GULF shares in a block sale, worth more than 24.9 billion baht, with a target deal range of 58.80–60.00 baht/share.
The Securities and Exchange Commission (SEC) received an executive securities holding change report (Form 59) filed by GULF (Gulf Energy Development Public Company Limited) CEO, Vice Chairman, and major shareholder Sarath Ratanavadi.
The filing shows that on 23 June 2026, Sarath completed a block trade on the market through UBS Securities (Thailand), buying a total of 33,500,000 shares at an average price of 59.00 baht. After the purchase, his total holding rose to 620,508,207 shares.
Market News: Singtel Plans to Sell 416 Million Shares
According to foreign media, Singtel Global Investment plans to sell 416 million GULF shares through a block trade, worth about 24.96 billion baht, at a deal range of 58.80–60.00 baht/share.
Compared with the stock's latest closing price of 61.25 baht, the discount is about 2%–4%; after the sale, the seller will remain subject to a 90-day lock-up restriction.
Stock Performance: Closed at 60.50 Baht on 23 June 2026
GULF shares closed at 60.50 baht on 23 June 2026, down 0.75 baht, or 1.22%.
