Bank of Ayudhya Public Company Limited (SET: BAY) has informed the Stock Exchange of Thailand that all conditions for the second purchase and receipt of the transfer of the remaining 50% of SFinance Consumer Credit Finance Company Limited (SFinance)’s charter capital have now been fulfilled, including receipt of the relevant approvals from the State Bank of Vietnam and the Japanese Financial Services Agency.
Accordingly, BAY completed the second purchase and received the transfer of the remaining 50% of SFinance’s charter capital on October 15, 2026. As a result, SFinance has become a wholly owned subsidiary of the bank—now holding 100% of its charter capital.
On October 29, 2021, BAY’s Electronic Extraordinary General Meeting of Shareholders No. 1/2021 approved the acquisition of SFinance, which operates a consumer finance business in Vietnam, from Saigon-Hanoi Commercial Joint Stock Bank; the purchase and receipt of the transfer of charter capital was to be undertaken in two phases.
BAY completed the purchase and receipt of the transfer of the first 50% of SFinance’s charter capital, as previously notified to the Stock Exchange of Thailand on May 23, 2023.
