Business Overview
The company mainly focused on motorcycle hire-purchase service, which is its expertise business, and aimed to expand its service area beyond Bangkok and surroundings by expanding its branches to cover major provinces in each region of Thailand and neighboring countries in Southeast Asia. In 2014, the Company established 2 additional subsidiaries to operate motorcycle and automobile hire purchase businesses in 2 countries: Cambodia and Laos. In 2015, the Company established another subsidiary in Thailand with a registered capital of 50 million baht to provide Nano finance service.
As for the automobile hire-purchase business, the company will consider conditions and competition in the market, especially returns and risk.
In addition, the Company prioritizes the quality of its loans and the rate of return on its business. The Company’s loan growth will be under strict and controllable risk management, including strictly customer quality standards screening, as well as sufficient provisioning to maintain sustainable and good returns for all shareholders. Moreover, the Board of Directors, independent directors, and executives at all levels are aware of Good Corporate Governance in determining policies and guidelines for operations so that the Company can generate sustainable and good returns for all shareholders. In terms of disclosing and clarifying necessary and sufficient information of the Company to all investors, analysts, and general shareholders, senior executives consider it an essential mission to enhance understanding of the Company’s status and operational efficiency correctly and equally.