Gulf eyes indirect route to taking over AIS: Firm aims to pursue further restructuring. SET-listed Gulf Energy Development is expected to pursue a further restructuring of its telecom business portfolio this year, which will include becoming the direct major shareholder of leading mobile operator Advanced Info Service (AIS), according to a market analyst. Thailand’s biggest private power producer by market value holds a 46.7% stake in InTouch Holdings Plc. InTouch is AIS’s biggest shareholder with a 40.4% stake, followed by Singapore’s Singtel with 23.3%. Bangkok Post
Comment: Well it already does, now the question is whether they’ll just dissolve INTUCH and do a shareholder swap as there really is no point of keeping INTUCH unless their idea is to utilise it as a funding vehicle for other telco related businesses.
RJH sets Bt150m capex to expand cancer clinic & elderly care home, expects solid turnaround this year from improved patients traffic after signed contract with Comptroller General Department to recover direct disbursement for medical welfare for government employees, eyes 10% FY23 revenue growth target.
Comment: They dominate in their region. Management has proven to be rather adept and focused on their core services since they listed.