Eyes on Potentially Disposing of 44.35% in TQR from the “Pannipa” after TQM Sends Signal

TQR Public Company Limited (TQR) released a statement according to a news appeared in the newspaper, issued on March 16, 2021, stating that TQM Corporation Public Company Limited (TQM) is in the process of purchasing 44.35% of TQR shares owned by Pannipa Group which will be abstained from making a Tender Offer or maybe only partial by.

 

According to the news, TQR clarified that the company has not yet been contacted or being notified from the major shareholders about such a transaction.

 

However, TQM Corporation Public Company Limited (TQM) has made the clarification regarding the aforementioned transaction that TQM always follows rules and regulations and requirements of the Stock Exchange of Thailand and the Securities and Exchange Commission as a good practice for any transactions. 

 

As for the investment in TQR, it is still in the feasibility study process and the certain number of stocks to be acquired is not yet confirmed. When it is concluded, TQM shall propose the Board of Directors for consideration and for an approval from company’s shareholders. 

 

At present, Mr. Anchalin Pannipa holds 59,500,000 shares, equaling 25.87% of the total issued and paid-up shares of TQR, while Mrs. Napasanan Pannipa holds 42,500,000 shares, representing 18.4% of the total issued and paid-up shares of TQR.