![]() ![]() Pracha Chaisuwan, Chief Executive Officer, Chase Asia Public Company Limited, said, “The funds raised from the Chase listing on SET will be used to expand our debt collection business, invest in non-performing loans (NPL) from other financial institutions and companies, as well as bring Chase to meet international standards. The listing of Chase on SET will help Chase Group to grow at a skyrocketing rate from the new funds being raised.” Nevertheless, the Company remains Chase Group’s strategic shareholder and will maintain its shareholding in Chase to continue fostering strategic synergies in the future. After the IPO, the Company will hold 20.35%, instead of the 35%, of the total amount of shares available. ![]() A portion of the common stocks in the IPO comes from the offering of common stocks of Chase held by R Alliance and will be offered to the shareholders of RS Group to reserve Chase’s IPO stocks. The spin-off plan is executed via R Alliance Company Limited, a subsidiary of RS Group, that currently holds 35% of Chase. 562 million shares will be offered via the IPO process. Surachai Chetchotisak, Chief Executive Officer, RS Public Company, said “RS moved forth in filing papers to The Securities and Exchange Commission to list Chase Asia Company Limited on The Stock Exchange of Thailand to strengthen and support the company’s growth in the future. The total of 562 million shares will be offered through the IPO process to raise funds to build competitive edge, create opportunity and initiate a substantial business growth of Chase. RS Public Company Limited or RS Group (SET: RS ) prepared to list common stocks of Chase Asia or Chase on the Stock Exchange of Thailand and offer these newly issued common stocks to the public through the Initial Public Offering process (IPO), under the advisory of Kasikorn Securities Public Company Limited. ![]()
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