ECL aims to grow portfolio with Itochu

Quick Summary:

SET-listed Eastern Commercial Leasing (ECL) expects its portfolio of auto hire-purchase and leasing loans to increase by more than threefold to 20 billion baht in five years, supported by its recent partnership with Japanese trading house Itochu.

With a total investment of 543.14 million baht, GMT will hold 25.1% of ECL shares following the capital increase.

Premium recently acquired 137.8 million shares of ECL through a rights offering, valued at 179.14 million baht, to maintain its status as a major shareholder with a holding of 25.2%.

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Article Details

Category: EconomyBusiness

Markets: ThailandJapan

Topics: Portfolio Premium Increase Growth Itochu Million Billion Baht Financial Auto Thailand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 04:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26262502

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