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Wednesday, May 15, 2024

Saha Group agrees to forge gold venture

Firm teams up with MTS Gold Group

Visitors make their way around the Saha Group Fair at Bitec. (Photo: Somchai Poomlard)

Saha Group, one of Thailand leading consumer goods conglomerates, is diversifying into the gold business.

The company, through Saha Pathana Inter-Holding (SPI), on Thursday signed a memorandum of understanding (MoU) with MTS Gold Group, one of the country’s largest bullion traders, to co-develop a digital gold-savings platform for both Thais and foreigners. The platform is scheduled to be launched next year.

The MoU came after the group last month opened its first gold shop in front of its head office in Sathu Pradit Soi 58.

The gold shop is operated by TK Primary Co under the…

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