BAM eyes asset aid model

SET-listed Bangkok Commercial Asset Management (BAM), the country’s largest asset management company, is looking into a joint venture model to manage hospitality assets in an effort to help hotel business operators suffering from the protracted crisis.

Under the joint venture model, a creditor and a borrower would agree to transfer collateral debt assets to a third-party joint venture company.

BAM would be involved in the model by setting up a joint venture company and managing the transferred assets.

This is a solution to help hotel businesses and other industries looking to participate in the financial assistance model, separate from the government’s asset warehousing concept, which is still being deliberated upon, said Bundit Anantamongkol, chief executive of BAM.

The conditions of the two asset management models would differ significantly.

Under the asset…