TRUE Falls 3.47% on Report China Mobile Considers Selling 7.8% Stake

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TRUE shares closed down 3.47% today at 13.90 baht, with heavy trading volume of 4.49 billion baht, after Bloomberg reported that China Mobile is considering selling a minority stake of about 7.8% in TRUE and is working with financial advisers to gauge initial buyer interest. Meanwhile, TRUE's head of investor relations disclosed that China Mobile has stated it remains committed as a long-term shareholder and has no intention of selling any shares.

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