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Notification of the acquisition of a qualified license for auction and antique dealing business by TNB

02 Oct 2018

Group Lease PCL(GL)would like to inform that Thanaban Co.,Ltd. (TNB), a wholly owned subsidiary who operates finance business in Thailand has acquired a qualified license for auction and antique dealing business on 28 September 2018.

The license is for auction business in Nakhon Ratchasima Province located at North east of Thailand. However TNB has already applied for the license for auction and antique dealing business in Bangkok, too.

GL announced new 5-year strategic business plan on 18 September 2018. GL is moving forward with upgraded business model “Life Cycle Finance” from “Digital Finance” in Thailand. GL is integrating other related services including assets purchasing such as cars and motorcycles into current business. GL considers that the auction business is strategic key function in “Life Cycle Finance” and the acquisition of a qualified license for auction business by TNB is important step to execute the business plan in Thailand.