True Corporation announced that China Mobile has confirmed it has no intention of selling all of its shares in the company, which represent a 7.81% stake, contrary to earlier rumors. However, China Mobile is considering the possibility of selling no more than 1% of the company's shares as part of normal portfolio management. This consideration depends on market conditions and other relevant factors, and is not due to any factors related to the company. China Mobile reaffirms its intention to remain a long-term shareholder, viewing True as an important strategic partner and believing in its business growth potential. The company expects that any potential sale of a small stake will not have a significant impact on its business operations.
True Corporation Public Company LimitedChina Mobile may sell up to 1% stake, but reaffirms long-term commitment; impact unclear.
China Mobile LimitedChina Mobile considering selling up to 1% stake in True as portfolio management, not due to company factors.
