Tidlor Holdings Public Company Limited (“Tidlor Holdings or TIDLOR”) was incorporated as a public company limited on 26 March 2024 to serve as the parent company of the group, operating as a holding company that does not conduct business operations of its own (Non-operating holding company). The Company holds shares in other companies with the objective of having control over the operations of such companies under the Shareholding and Management Restructuring Plan. Upon completion of the restructuring, the Company will invest in subsidiaries, including TIDLOR, which operates the vehicle title loan and insurance brokerage businesses under the “Prakan Tidloh” brand, and a newly established company that will operate the InsurTech business which will be the core subsidiary of the group. The Company’s primary revenue will be derived from dividends received from holding shares in TIDLOR and other subsidiaries.
On June 11, 2024, the shareholders’ meeting of Ngern Tid Lor Public Company Limited (“Ngern Tidlor”) resolved to approve the restructuring plan, whereby Tidlor Holdings would make a tender offer for all of Ngern Tidlor’s shares in exchange for shares in Tidlor Holdings. Upon completion of this process, Tidlor Holdings became the major shareholder, and its shares commenced trading on the Stock Exchange of Thailand under the ticker symbol “TIDLOR”. Subsequently, Ngern Tidlor transferred its InsurTech-related insurance brokerage business—comprising Areegator, heygoody, associated software, and trademarks to a new company that will be established to operate the InsurTech insurance brokerage business in the future (“New Company”). On the business day following the completion of the transfer of the insurance brokerage business, Tidlor Holdings will acquire 99.99% of the shares in the New Company, thereby making it a subsidiary of TIDLOR. This action is part of TIDLOR’s Shareholding and Management Restructuring Plan (“Business Transfer”).
The tender offer for Ngern Tidlor’s securities took place between March 10, 2025, and April 30, 2025. A total of 2,895,929,570 shares, representing 99.4% of the total issued and outstanding shares, were tendered. On May 15, 2025, shares of Tidlor Holdings (“TIDLOR”) were officially listed on the Stock Exchange of Thailand, and Ngern Tidlor’s shares were delisted accordingly. Following this, Tidlor Holdings will acquire 99.99% of the newly established company that assumed the InsurTech insurance brokerage business from Ngern Tidlor.
The major shareholders are Bank of Ayudhya Public Company Limited, which is incorporated in Thailand, holding 30.18% of the Company’s issued and paid-up share capital. The immediate and ultimate parent companies of Bank of Ayudhya Public Company Limited are MUFG Bank, Ltd. and Mitsubishi UFJ Financial Group, Inc., respectively, both companies are registered in Japan.