HoonSmart.com>> “AQ Estate” sends a subsidiary to buy shares of “MSCW” to operate personal loan services. Buy 100% of all shares, use no more than 175 million baht, expand personal loan business Help spread the risk and support the core business.
AQ Estate Company Limited (AQ) revealed that the Board of Directors meeting Approved for Allay Technology International Company Limited, a subsidiary of the Company, to who holds 100% of shares, purchase ordinary shares of MSCW Company Limited (MSCW) in the amount of 500,000 shares, representing 100%, at a price of not more than 350 baht per share, representing an investment of not more than 175 million baht. Determine the investment consideration framework The Executive Committee shall operate in accordance with the aforementioned framework. which at present the conditions have been fulfilled Therefore, the share purchase agreement was signed on July 6, 2022.
MSCW is a personal loan business company authorized by the Ministry of Finance and supervised by the Bank of Thailand on March 3, 2021. Currently, it has a registered capital of 50 million baht, divided into 500,000 ordinary shares. Par value of 100 baht per share
The acquisition is consistent with the Company’s business model. in spreading the risk At the same time, it supports the company’s core business. The Company intends to expand this business as its personal loan needs are highly demanded. And at present there are few competitors.