The share price of Tidlor Holdings Public Company Limited (SET: TIDLOR) rose 3.35% at the opening on Monday to THB 15.40 per share despite a negative session in the Thai stock market due to concerns regarding the Middle East tension. The increase was due to the report that Hotai Finance Co., Ltd., a leading financial institution from Taiwan, has purchased more than 3.08% in TIDLOR.
According to a document seen by Kaohoon International, the Investment Commission of the Ministry of Economic Affairs (MOEA) has approved eight major investment cases in which one of them is the acquisition of TIDLOR.
The transaction involves 89,237,069 shares, representing a 3.08% stake. The purchase price was THB 22.93 per share, which is approximately 50% higher than the current market price.
This transaction is a hand-off from the 9 Basil fund, marking a strategic exit to realize returns after holding the investment for several years. This move reflects the strong confidence international investors have in the Tidlor Holdings group.
