GULF Development (GULF) disputes a cabinet resolution authorizing Thailand's DE ministry to pursue legal action against GULF and THCOM over incomplete asset handover from a 30-year satellite concession ending Sept 2021, with claims of B1.25B in penalties. GULF clarifies that THCOM fully transferred concession assets on 11 Sept 2564 and that GULF became party to the contract through its Apr 2568 merger with INTUCH, pledging to defend its rights through arbitration and legal proceedings.