Thai telecom operator True Corp. stated on Tuesday that China Mobile is evaluating the possibility of divesting a small portion of its holdings in the company, describing it as a routine portfolio management activity.
In a filing to the stock exchange on Tuesday, True indicated that the assessment would take into account market conditions and other relevant factors. The company clarified that China Mobile has no intention of selling its entire 7.81% stake and plans to continue as a long-term shareholder.
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