RS Group Announcement of business expansion to acquire shares Chet Asia Company Limited Which operates in the business of asset management – retail loans accounted for 35% with an investment value of 920 million baht, extending the Entertainmerce model of RS Group in various dimensions And to share resources and strengths from entertainment, media and commerce businesses, with this investment being the purchase of new capital increase shares in full Making the money invested fully into Chet Company For further expansion of business in the future
Mr. Surachai Chetchotisak RS Public Company Limited Chief Executive Officer said, “Going into the New Era to create the New S-Curve, the acquisition or investment in the business, or M&A, is another important strategy to create an ecosystem to increase competitiveness. And create long-term sustainability In this investment, RS Group invested 920 million baht, supported by a loan from financial institutions. The company’s strong financial position, high liquidity. Still able to support the growth and expansion of the company In the long term “
Reasons why RS acquired Chet Group’s shares
Looking at the current economic trends The amount of non-performing debt tends to increase. The company sees an opportunity to expand its business model. Entertainmerce By acquiring shares of Chet Asia Company Limited which has 3 subsidiaries (100% shareholding), namely Resolution Way Company Limited, CF Asia Asset Management Company Limited and Courts Megastore (Thailand). Limited or collectively Chet Group Which operates the main business including
1) Total debt management business And debt management consultants operated by Chet Asia Company Limited, with over 400 call center employees and over 100 debt tracking and management teams to support services. Which currently has a debt collection portfolio of more than 45,000 million baht and accounts receivable of more than 3 hundred thousand customers. Financial institutions and non-financial institutions
2) Asset management business Acquire, receive, transfer and manage NPL NPLs from both financial institutions and non-financial institutions. The subsidiary that operates this business, CF Asia Asset Management Company Limited, has received the Asset Management Company Registration Certificate from the Bank of Thailand (“BOT”) and Resolution Way Company Limited. Managed over 27,000 million baht, total accounts receivable over 100,000 accounts
3) Personal loan business Under the subsidiary companies, Revolution Way Co., Ltd., operates business under the supervision of the BOT and Courts Megastore (Thailand) Co., Ltd., conducts credit business under the Civil and Commercial Code. Currently, the remaining loan value is approximately 300-400 million baht, a total of over 1,000 accounts.
Benefits that will receive from the investment
Chet Group operates a comprehensive business. From managing non-performing assets Debt collection Legal Execution and Retail Loans And has a goal to operate the business to grow strongly. There is also a team of executives, work teams and personnel with knowledge and expertise. And has a long experience in running this business It is believed that it will create a good return on investment for RS. By the past year Expected that the Chet Group It has estimated total revenue of 600-700 million baht and net profit of almost 150-200 million baht. Therefore, the shareholding of RS Group in this time This is an important step in new business penetration. This is a good opportunity to grow the company. Because it is a business with high growth potential There is also a plan to continue to grow in the debt management portfolio and the retail credit balance in the future.
“In addition, from the cooperation of the two companies this time Ensuring a stronger synergy can be achieved From the mutual utilization of resources and strengths of each company Both in the media Sales channel Information Management System and Ecosystem of RS Group Including experience and expertise in the business And image in the industry ofChet Group This will result in great benefits for each other, such as expanding customer base. Sales channel Using media and marketing strategies that meet the needs These will make the difference and build on the model. Entertainmerce Certainly And will help strengthen Chet Group’s growth in the future to become the industry leader And plans to list on the stock exchange within 3 years ” Mr. Surachai Conclude
