Tidlor Holdings Public Company Limited (SET: TIDLOR) has announced a change in the major shareholders’ shareholding structure of the company after its second major shareholder Siam Asia Credit Access sold all of its holdings to Bank of Ayudhya Public Company Limited.
TIDLOR disclosed that the Company has been informed by Bank of Ayudhya Public Company Limited (Krungsri) and Siam Asia Credit Access PTE. LTD. (SACA) that they have entered into a share purchase agreement (SPA) whereby SACA has agreed to transfer 472,914,456 shares in TIDLOR, representing approximately 16.33% of the company’s total issued and paid-up shares, to Krungsri.
Additionally, Mr. Minki Brian Hong and Mr. Elcid Vergara, members of the Company’s Board of Directors, also notified the company of their intention to resign from the position of Directors of the company with effect at the completion of the Transaction. This change in shareholding does not result in any change of control or alteration of the company’s business policies or operations.
Siam Asia Credit Access PTE. LTD. was a major shareholder before TIDLOR was listed in the Thai stock exchange. The company made several adjustments in its shareholdings in 2023. In April, SACA sold 122.34 million shares, representing 4.89% of its shareholding to 9-Basil, one of its group subsidiaries, citing internal restructure.
In June, SACA made a big-lot transaction, disposing 3.68% of its shareholding, resulting in the company holding the remaining of 16.33% in TIDLOR.
