Mon, November 29, 2021

business

Reinsurance broker TQR to float on Market for Alternative Investment


Reinsurance broker TQR Co Ltd is expected to launch an initial public offering (IPO) in the Market for Alternative Investment (Mai) in this first quarter, according to its financial adviser, Jay Capital Advisory Ltd.

Jay Capital president Jirayong Anuman-Rajadhon said that the Securities and Exchange Commission has already accepted the TQR filing to launch the IPO of 60 million shares.

TQR chief executive officer Chanaphan Piriyaphan said that part of the funds raised from the IPO would be invested in an information and communications technology system to boost the company’s operating efficiency.

Published : January 20, 2021

By : The Nation