At the market closure on Wednesday, the share price of GULF increased by THB 2.25 or 5.63% to THB 42.25 per share, with total share value at THB 3.8 billion.
The Securities and Exchange Commission revealed the changes in executive shareholdings of Gulf Development Public Company’s executives (SET: GULF) yesterday after the filing of multiple transactions of company’s stocks by Mr. Sarath Ratanavadi, CEO of GULF, and Mr. Olarn Srivalattha, Head of Accounting, at the beginning of April.
According to the report of securities holdings and futures contract, Mr. Sarath acquired 510,700 of company’s stocks at the total price of THB 24.89 million (THB 48.75 per share) on April 3. He then made another acquisition of 35 million additional shares at the total price of THB 1.62 billion (THB 46.49 per share) on April 4.
Additionally, Mr. Olarn also acquired 1,364 of the company’s shares on April 4 at the total price of THB 65,472 (THB 48 per share).
These acquisitions reflected the confidence of GULF’s executives on the company’s growth capability. This could also regain confidence for investors on the company’s performance as well.
