Premium Group (TYO:7199) an automotive solutions provider based in Tokyo, plans to enhance its auto loan business in Thailand by acquiring new shares of Eastern Commercial Leasing (ECL) through a third-party allotment.
Having initially invested in ECL in 2016, Premium Group aims to further ECL's growth in Southeast Asia's finance and Automobile Warranty Business sectors, according to its Tuesday filing.
ITOCHU Corporation (TYO:8001) will also participate in acquiring ECL shares, allowing both companies to secure a majority stake and support ECL's business expansion and profitability.
Premium Group will acquire 137,800,000 common shares at THB 1.30 per share, amounting to 813 million yen, with the transaction expected to complete on Feb. 21.
Price (JPY): $2222.00, Change: $-49, Percent Change: -2.16%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。