3 TQM Major Shareholders Dispose 8.33% of Shares to Inst. to Buoy Trading Liquidity!
3 of TQM major shareholders had disposed of 25 million shares or 8.33% of shares to Institution investors to increase TQM's trading liquidity.
On July 10, 2019, TQM Corporation Public Company Limited (TQM) had published a statement to clarify a big lot transaction in selling TQM’s shares for a total of 25 million shares, representing 8.33% of the total issued shares. The shares were sold by three of TQM’s major shareholders namely; Dr. Unchalin Punnipa, Mrs. Napassanun Punnipa, and Mrs. Ratana Punnipa.
TQM asserted that the main objective of this transaction is to increase the institutional investors because many institutional investors are interested in the company. Moreover, this transaction will increase TQM’s trading liquidity. More importantly, the transaction does not affect the management structure and business policy in all aspects.