Later in 2014, the Company began expanding the scope of business to providing loans for the hire purchase of motorcycles under other brands as well such as Honda, Vespa, Kawasaki and Suzuki .
In 2017, Mitsui Group Japan has adjusted the Group’s business policy and therefore has reduced the shareholding ratio down to 25% of the Company’s registered capital and sold all shares in March 2019. The major shareholder of The Company as of 2019 year-end was Com7 Public Company Limited and Synnex (Thailand) Public Company Limited who held shares in the proportion of 40.00% and 40.00% of the paid-up registered capital of 300 million baht. The Company was later transformed into a Public Company in March 2020 and the registered capital was increased to 450 million baht and the shares were offered to the public for the first time (hereinafter referred to as Initial Public Offering: IPO) in November 2020.
The major shareholders of the Company as of the end of 2020 were Com7 Public Company Limited and Synnex (Thailand) Public Company Limited who held shares in the proportion of 33.93% and 26.67% of the paid-up registered capital.
The Company is classified as a financial institution that provides loans to the public but does not accept savings (Non-Bank). It conducts a lending business for hire purchasing that is not under the governance of the Bank of Thailand. The Company focuses mainly on servicing retail customers who would like to own a motorbike by buying the motorbikes from dealers and offering the customers to hire purchase the motorbikes. This helps the customers by not having to invest all their cash at once. It is considered as an alternative for funds for the customer segment who do not have the access to loans from commercial banks or other financial institutions. The Company reaches its customers via local dealers who are the Company’s business partners.