JMT Wins the Sealed-Bid Auction for SINGER’s NPL Worth THB280 Million

Singer Thailand Public Company Limited (SET: SINGER) has announced that JMT Network Services Public Company Limited (SET: JMT) won a sealed-bid open auction to acquire non-performing loans in the category of Ex-employee receivable cases.

JMT, the company that is the winner of the auction, is considered a person who is related to SINGER because both of them have the same major shareholder.

The total value of the non-performing loans in the category of Ex-employee receivable cases is 280.79 million baht.