To strengthen the commerce and financial ecosystems, Jay Mart Public Company Limited (SET: JMART) is advancing its business transformation through the Exponential Growth or J Curve strategy, with key drivers deriving from blockchain technology and big data, in order to elevate the company from Investment Holding Company to Technology Investment Holding Company.
Mr. Adisak Sukhumvitya, Chief Executive Officer of JMART, said that the company is confident that it will continue to achieve remarkable earnings results in 2022 following its strategic partnership with new allies, particularly the synergy with BTS Group Holdings Public Company Limited (SET: BTS).
JMART believes that the partnership with BTS will enable the company to launch a new financial services platform. JMART expects the first ever joint-developed service to be released this year.
Mr. Kitipat Chollavuth, Deputy Chief Executive Officer of JMART, revealed that JMART has established an investment budget of approximately THB2,000 million, a portion of which will be allocated to invest in JayDee Group.,Ltd, to operate the business through a merger of electrical appliance dealers across the country. JMART will make products from J Mobile available at these partnered stores.
While the remaining expenditure will be used to expand joint ventures with Singer Thailand Public Company Limited (SET: SINGER) and Gunkul Engineering Public Company Limited (SET: GUNKUL) to distribute electrical equipment and solar solutions and to provide credit through the company’s affiliates, in which GUNKUL will own 50%, JMART will own 40%, and SINGER will own 9.9%.
