TRUE Invests ฿81M. to Acquire 30% Stake in “Queue Q,” Seeing Potential Future Return
TRUE Invests 81M. to Acquire 30% Stake in "Queue Q," Seeing Potential Future Return. As of 10:50 local time in Bangkok, the share price of TRUE was ฿5.15/share, rose ฿0.15/share or 3%.
True Corporation Public Company Limited (TRUE) has informed that True Incube Company Limited (True Incube), a wholly owned subsidiary of TRUE, has invested in Queue Q (Thailand) Company Limited (Queue Q), a company engaged in software consultancy, at the shareholding proportion of 30% of Queue Q’s total issued shares for consideration of THB 81.68 million.
The objective of this investment is to support the expansion in O2O (Offline to Online) market as well as to support the potential Startup and to gain potential future return on investment.
As of 10:50 local time in Bangkok, the share price of TRUE was ฿5.15/share, rose ฿0.15/share or 3% with a trading value of THB 521 million. The highest was ฿5.20/share and the lowest was ฿5.05/share.
The share price was also buoyed by the positive sentiment of receiving an extension of the 4th installment of 900MHz (4G) when NCPO executes Article 44.