SAWAD Expects to List “SCAP” in SET by 2023 after Investing ฿192Mn to Acquire 65% Stake

SAWAD expects the loan business of “Srisawad Capital” to expand more than 100% in 2021, setting a target to be listed in the Stock Exchange of Thailand within 2-3 years.

 

Ms. Doungchai Kaewbootta, Managing Director of Srisawad Corporation Public Company Limited (SAWAD), stated that the investment of 192.5 million baht in Srisawad Capital Co., Ltd. (SCAP) raised its shareholding stake from 5% to 65% due to its potential growth for higher profit.

SCAP kicked off its personal loan business in December 2019 and had a fast growing pace. The company currently has more than 1,000 million baht of outstanding debt and a non-performing loan only at 0.2%. The growth was due to SCAP’s selection of good-profile clients and well-managed loan system, along with its 30-years experienced professionals in the financial field. The company estimated its loan portfolio to grow more than 100% in 2021, setting its target to be listed in the Thai stock market within 2-3 years.

In the meantime, the acquisition in SCAP will expand SAWAD’s customer base, while SCAP also expects to provide more loan services to extend its customer base as well.