Resolution of the shareholders' meeting between True Corporation and Total Access Communication Company Limited

Approved the merger under the name of True Corporation Limited or TRUEE

(True Corporation Public Company Limited) by allocating shares of the new company.

arising from the number of mergers

138,208,403,204 shares with the allotment of ordinary shares of the new company amounting to

34,552,100,801 shares at par value of 4 baht per share with reasonable details.

For the new company executives, consisting of Supachai Chearavanont, Jergen Christian, Dr. Kittipong Kittayarak, Kamonwan Wipulakorn, Kalin Sarasin, Pratana Mongkolkul, Atirut Tothawee Sansuk, Dr. Gao Tongxing, Ruzar Sabanovic, Las Eric and Dr. Teerapol Thanomsakyuth

which are representatives from both parties

It appears that the operating results in the fourth quarter of 2022 before the merger was completed, DTAC had a net profit of 3,119 million baht with total assets of 152,535 million baht, while True lost 18,285 million baht with total assets of 618,095. million baht compared to AIS with a net profit of 26,011 million baht and total assets of 337,043 million baht.

This point becomes a gap between the new company and the old company.

In this case, the new company wants to change its name before it enters the market.

However, the shares of the new company

Under the name TRUEE, it has been trading in the market since February 27th.

which is worth noting

True's performance is at a loss.

Therefore, the merger is a new company.

This will help reduce True's loss burden to a certain extent that will affect depreciation and distribution expenses.

to reduce the impact

When looking at the performance before the merger of DTAC, compared to the year 2021, the profit decreased by 7.1% in 2022, the service income decreased by 1.6%, while True, after a loss of more than 18 thousand million, representing a 20% change from 2021 when True's loss was 1.4 billion, representing a 2.3% drop in True's share of total assets. Existing more than 6 billion

The merger occurred while True was in a losing streak.

In the past, the merger of the two companies has been subject to some criticism.

In particular, this government approval by the NBTC is based on business risks in the overall telecommunication industry.

both business value and competition

that may affect consumers in the future

At this point, one must keep an eye on the process.

on the stock market

How will we continue to control and inspect each other?

especially the protection of consumers

telecommunication industry

That is highly competitive in a time when the economy is in a transitional period.

Audits to ensure transparency in public sector practices

must be straightforward

And really benefit the country and the people.

iron fist


mudlek@thairath.co.th