The State Enterprise Policy Office (Sepo) has divested shares in more than a dozen companies as part of its efforts to restructure its investment portfolio and boost asset value, according to Tibordee Wattanakul, Director-General of Sepo.
The office sold its holdings in 16 companies previously owned by the Finance Ministry, generating more than 2 billion baht in proceeds. These funds are planned to be reinvested in shares expected to deliver higher returns and consistent dividends.
“When we dispose of shares that are no longer strategically necessary, we reinvest the proceeds into other stocks that offer better growth potential and align with government policy objectives,” explained Mr. Tibordee.
The sale process supports the ministry’s broader strategy to rebalance its equity holdings across both listed and unlisted entities, thereby enhancing their overall value. Currently, the Ministry of Finance owns stakes in 115 entities, including 33 listed companies on the Stock Exchange of Thailand. Excluded from this process are large state enterprises such as Airports of Thailand and PTT Plc, which remain strategic holdings due to their importance to national security and strategic interests.
On the approach to selling the shares, Mr. Tibordee highlighted that pricing and timing are critical. The ministry may also coordinate with other shareholders to conduct joint sales, potentially increasing the volume sold—around 10-15%—to secure better prices.
He added that any underperforming or low-yielding shares will be fully divested to optimize the portfolio.
