AQ Estate Invests in Beyond Capital to Expand Loan Business and AUM

AQ Estate allowed “Ally Technology International” to purchase 1,830,000 shares of “Beyond Capital” or 100% of the total issued and paid-up shares of Beyond from “Biji”. Sticks “worth 315 million baht, payable within September 2023, to create synergy in the loan business to be more complete. Expected AUM at the end of the year to reach 1,000 million baht.

Mr. Chanon Wangtal, Chief Executive Officer of AQ Estate Public Company Limited or AQ informed the resolution of the Board of Directors’ Meeting No. 5/2023 that Orn approved Allay Technology International Co., Ltd. which is a subsidiary in which the Company holds 100 percent of the issued and sold shares, invests in Beyond Capital Co., Ltd. or Beyond to operate a lending business. Except for those requiring permission and reporting to the Bank of Thailand, the Company will purchase 1,830,000 shares, representing 100 percent of the total issued and paid-up shares of Beyond from Begistic Co., Ltd. Public Company Limited or B, a listed company on the Stock Exchange of Thailand. The investment amount is 315 million baht and the payment is due within September 2023.

Mr. Chanon Wangtal, Chief Executive Officer of AQ, said, “This additional investment in Beyond, which is a loan business, is to create more synergy in the loan business. Currently, the Company’s financial group business The value of all assets under management of the management company (AUM) is approximately 600-700 million baht and is expected by the end of the year to be able to grow further up to 1,000 million baht. that Beyond has a credit portfolio with quality collateral It also has an asset management license under the supervision of the Bank of Thailand (AMC), which can perfectly extend the existing business. And there is also an Operating Lease business that can be expanded to make EV rentals.”

Currently, the company There are 3 companies in the business of credit, namely 1.) MSC W Co., Ltd. or MSCW under the name “Ms Money Speed” (MS Money Speed) operates a personal loan business. Acquired 100% of shares 2.) Pico Solutions (Thailand) Co., Ltd. or PICO operates a personal loan business. Service in Bangkok and its vicinity holding shares of 10.80% and 3.) Beyond Capital Co., Ltd. or Beyond that the Board of Directors of the Company Just had a resolution to approve the investment. accounted for 100%