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Thai billionaire Sarath to commence voluntary tender offer for all shares in Singtel subsidiary AIS

Felicia Tan
Felicia Tan5/31/2021 08:08 PM GMT+08  • 1 min read
Thai billionaire Sarath to commence voluntary tender offer for all shares in Singtel subsidiary AIS
Shares in Singtel closed 1 cent lower or 0.4% down at $2.41 on May 31.
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Photo: Bloomberg

Singapore Telecommunications’ (Singtel) Thai associate, Advanced Info Service Public Company (AIS), has announced, on May 31, that Gulf Energy Development will commence a voluntary tender offer for all securities in AIS should all waivers be granted by the Securities and Exchange Commission (SEC) in Thailand.

The request was made by Gulf Energy to request to waive the obligation to make another tender offer for AIS, following the offer made to acquire all shares in Intouch Holdings, another Singtel subsidiary.

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