BANGKOK, July 8 : Thailand's Securities and Exchange Commission said it is investigating filing documentation submitted for share purchases in six companies since 2021 by an investor who had last week bought a 7 per cent stake in telco True Corporation that was worth nearly $1 billion.The SEC said it was investigating documentation provided for the purchases of shares in True and in five other companies between 2021 and 2025 by an investor it named as Supaporn Pimphong. • Supaporn's stake in True, Thailand's second-largest mobile operator, has since dropped to 3.69 per cent, which makes her the telco's sixth-largest shareholder, according to LSEG data.• Supaporn could not immediately be reached by Reuters for comment.
• "The SEC is in the process of urgently conducting an in-depth examination of all relevant facts regarding the reporter," it said in a statement late on Tuesday, referring to Supaporn.• The SEC said that since 2021, Supaporn had purchased shares in five other companies, including last year in Kasikornbank, Thailand's third-largest bank by assets.• "The SEC's review found that, for five securities, the reporter's name did not appear in the closing register during the period after the acquisitions were reported," it said.• The SEC said the share purchase documentation related to True was also being reviewed.• Under Thai law, misinformation in a filing could lead to a prison sentence of up to one year and a fine of up to 100,000 baht ($3,000).• In a statement on Monday, True said, "The information contained in filings is preliminary information only, which means that the information in the report remains incomplete and/or is under review."• The company did not respond to a request for comment from Reuters.• In a separate statement on Monday, SEC deputy secretary-general Anek Yooyuen said that if any actions are found not to comply with the law or relevant regulations, the SEC will consider taking strict legal action accordingly.($1 = 33.3700 baht)
