TQM Corporation Public Company Limited (SET:TQM) entered into a memorandum of understanding to acquire 51% stake in True Life Broker Co., Ltd and True Extra Broker Co., Ltd for THB 270 million on April 28, 2021. The purchase consideration will be financed from the internal cash flow of TQM. The Due Diligence process will be completed within July 2021.

The transaction was approved by TQM Board. On 26 May 2022, the Company has already submitted Amendment No.1 to the Tender Offer for the Securities (Form 247-4) for ordinary shares of TQR Public Company Limited to the Office of the Securities and Exchange Commission, the Stock Exchange of Thailand.