AQ Estate Public Company Limited (SET:AQ) agreed to acquire 99.82% stake in The Tarna Align Resort Company Limited from Sunisa Settapanich for approximately THB 130 million on August 29, 2019. AQ Estate Public Company Limited will acquire 1.38 million shares at THB 90.44 per share. The cash consideration of THB 63 million will be paid as THB 50 million in March 2019, THB 8 million in June 2019, THB 5 million in July 2019. AQ Estate Public Company Limited will also issue no interest bill of exchange with a term of 6 months amounting to THB 62.48 million. AQ Estate Public Company will funds from capital increase of 95.48 million baht and cash flow from operations of 30 million baht. Post completion of the transaction, Tarna Align Resort Company Limited will operate as the subsidiary of AQ Estate Public Company Limited. For the financial year January 31, 2019, The Tarna Align Resort Company Limited reported total assets of THB 176.5 million, shareholder equity of THB 49.5 million, total revenues of THB 30.9 million, net loss of THB 15.29 million. The transaction is expected to complete in September 2019.