Aira Capital Plc, an MAI-listed financial holding firm, is in talks to acquire or co-invest in insurance, leasing and asset management businesses.
The move is aimed at almost quadrupling its assets to 20 billion baht by 2017.
"We're in three-deal talks to invest through either joint ventures or mergers and acquisitions in insurance, leasing and asset management businesses," said chief executive Nalinee Ngamsettamas.
At present, Aira has a total asset size of 5.3 billion baht.
One of the three deals is expected to be concluded this year.
The announcement came only one day after the company reported it had entered into a joint-venture agreement with Japan's largest non-bank consumer lender, Aiful Corporation, to set up a retail loan business in Thailand.
Personal loans will be the first product of the joint venture before expanding into credit cards at a later date.
The consumer loan company is expected to start operations this year.
Aeon Thana Sinsap, the local unit of Japan's Aeon Group, and EasyBuy, a unit of another Japanese consumer lender Acom, will be the newly established company's direct competitors.
"Our goal is be one of the top five non-bank businesses in Thailand in terms of assets and profit margin, and Aiful's strong experience will support that," Ms Nalinee said.
Aira has made forays into the field of finance through its three subsidiaries engaged in securities brokering, factoring and advising. The securities business is the main revenue source and net profit contributor, followed by factoring.
Aira Securities' revenue accounts for 60% of Aira's total income.
Pairoj Laungthaleongpong, chief executive of Aira Securities, said his company's brokerage business had 20,000 to 30,000 securities accounts with daily average trading of 1.5 billion baht.
The company's market share is now between 1.3% and 1.5%, up from 1% last year.
AIRA shares closed yesterday on the MAI at 3.52 baht, up 20 satang, in trade worth 744 million baht.
Aira Capital Plc, an MAI-listed financial holding firm, is in talks to acquire or co-invest in insurance, leasing and asset management businesses.
The move is aimed at almost quadrupling its assets to 20 billion baht by 2017.
"We're in three-deal talks to invest through either joint ventures or mergers and acquisitions in insurance, leasing and asset management businesses," said chief executive Nalinee Ngamsettamas.
At present, Aira has a total asset size of 5.3 billion baht.
One of the three deals is expected to be concluded this year.
The announcement came only one day after the company reported it had entered into a joint-venture agreement with Japan's largest non-bank consumer lender, Aiful Corporation, to set up a retail loan business in Thailand.
Personal loans will be the first product of the joint venture before expanding into credit cards at a later date.
The consumer loan company is expected to start operations this year.
Aeon Thana Sinsap, the local unit of Japan's Aeon Group, and EasyBuy, a unit of another Japanese consumer lender Acom, will be the newly established company's direct competitors.
"Our goal is be one of the top five non-bank businesses in Thailand in terms of assets and profit margin, and Aiful's strong experience will support that," Ms Nalinee said.
Aira has made forays into the field of finance through its three subsidiaries engaged in securities brokering, factoring and advising. The securities business is the main revenue source and net profit contributor, followed by factoring.
Aira Securities' revenue accounts for 60% of Aira's total income.
Pairoj Laungthaleongpong, chief executive of Aira Securities, said his company's brokerage business had 20,000 to 30,000 securities accounts with daily average trading of 1.5 billion baht.
The company's market share is now between 1.3% and 1.5%, up from 1% last year.
AIRA shares closed yesterday on the MAI at 3.52 baht, up 20 satang, in trade worth 744 million baht.
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