Mr. Rathian Srimongkol, Chief Executive Officer, “KTC” or Krungthai Card Public Company Limited, revealed that the Board of Directors meeting on February 10, 2021 approved “KTC” or card companies. Krung Thai Public Company Limited to invest in the company Krung Thai Leasing Business Co., Ltd. or “KTB Leasing” car hire purchase business under Krung Thai Bank group. By purchasing a total of 75,050,000 ordinary shares (hurt fifteen million and fifty thousand shares), representing 75.05% at a par value of 10 baht per share at a price of 7.92 baht per share, totaling 594.396 million baht, with conditions of price adjustment Trading shares later according to the real value of the property. While Krung Thai Bank still holds 24.95% stake, it will present the matter to the shareholders’ meeting in April. 2021 for approval to enter into the said transaction. It must be approved with a vote of not less than three-fourths of the shareholders who attend the meeting and have the right to vote. Without counting the votes of interested shareholders and Krung Thai Bank has to proceed in accordance with the regulations related to the Bank of Thailand.
“The reason for buying“ KTB Leasing ”this time is because it is a business with potential for growth. There are service branches in the main cities of every region in Thailand. And able to do all types of hire purchase and leasing businesses This will help fulfill and create opportunities for KTC to expand its collateralized loan business line. More comprehensive and comprehensive Extend the balance of the car registration loan “KTC Pibem” to complete the transaction. KTC began to deflect the secured loan business at the end of 2020. “
“Investing in” KTB Leasing “will make the Company Acquire another group of customers And business partners that will cause significant synergies Together with KTC’s strengths in cost management Quality management, accounts receivable portfolio and the introduction of technology into various operating systems Effective Including the potential of the management team, personnel and financial product referrals with experience and business expertise It will benefit us to develop knowledge of both organizations together. To enable the company’s business to grow strong and sustainably in the long term And can create satisfactory returns for the company And all groups of stakeholders after the shareholding “
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