Kasikorn Investure Co Ltd (KInvesture), a subsidiary of Kasikornbank (KBank), has invested in J Asset Management Company (JAM) and holds 9.9% of the company’s shares, worth more than 3.5 billion baht, in a move to support JAM’s future growth, KBank said yesterday.
JAM is a subsidiary of JMT Network Services Plc (JMT).
KBank teamed up with JAM last year to set up JK Asset Management Company (JK AMC), the first joint venture between a commercial bank and an asset management company under the Bank of Thailand’s policy to address the problem of soaring non-performing loans (NPLs), which was triggered by the pandemic.
According to…
