TRUE chairman Suphachai Chearavanont has dismissed a questioned shareholding report as “inaccurate news”, while the SEC investigates a 246-2 filing that appeared to show Supaporn Pimpong holding more than 7% of TRUE.

TRUE Corporation has asked the SEC to verify a Form 246-2 filing that appeared to show Supaporn Phimpong acquiring a major stake in the telecom giant through UBS Group AG, raising wider questions over market disclosure, shareholder transparency and investor confidence.