Krungthai Card Public Company Limited (SET: KTC) has informed the Stock Exchange of Thailand that the company has proceeded with the acquisition of ordinary shares of Win Performance Company Limited (WIN), representing 100% of the total issued shares of WIN. Upon completion of the share acquisition, WIN will become a subsidiary of KTC and a company within the financial business group of Krungthai Bank Public Company Limited (SET: KTB), as permitted by the Bank of Thailand.
WIN operates a debt collection business, including related legal services and support services. KTC has acquired 10,000,000 ordinary shares of WIN (representing 100% of the total shares issued), at a price of THB 29.50 per share, amounting to a total value of THB 295 million.
The purpose of this acquisition is to support the company’s strategic plan for managing operating costs and generating revenue through strategic cooperation between KTC and companies within KTB’s financial business group in the future.
