Monday 15 August 2022
SAM, a Thai asset management company, signs an MOU to join forces with Sena Group Collaborate on asset management and the country’s asset management business to drive and restore the Thai economy
Mr. Parinya Patanaphakdi, Chairman of Sukhumvit Asset Management Company Limited (AMC) or SAM, said that SAM as an asset management company (AMC) in the government sector is an important tool for the country’s economy. SAM has played an important role and is one of the main cogs in solving the problem of non-performing assets to help improve the quality of life of Thai people for more than 20 years. “Monkey Cheek Project”, which is like absorbing the country’s non-performing assets to store them in the “SAM House” manholes and treating those non-performing assets. with debt restructuring and manage those assets with quality through “Chaipattana Aerator” to help customers who are facing credit problems to be able to turn around, survive, live, grow, live sustainably with quality. It is an important part of increasing our ability to help rehabilitate customers effectively. This will affect the stability of the financial institution system and the overall economy of the country.
Mr. Tharataporn Techakijkajorn, Managing Director of Sukhumvit Asset Management Company Limited (SAM) or SAM revealed that SAM is very pleased with the Sena Group’s interest in doing business with SAM as an asset management company. The government sector has a total NPL under management of more than 400 billion baht and NPA about 20 billion baht. T&T Public Company Limited or SENA and T&T Asset Management Company Limited or T&T this time aims to study the feasibility of asset management. Asset management business for further development or management. These 3 agencies are considered to play an important role in helping to restore and bring abandoned assets in the financial institution system to the national economy.
Asst. Prof. Dr. Kesara Thanyalakpark Managing Director of Sena Development Public Company Limited or SENA revealed that in 2022, Sena has a policy to drive real estate business, which is its core business, along with expanding opportunities for new businesses (New Business) to be diverse. and comprehensive Under the mission of 2022, “SENA Next” continues to build strategic alliances. To meet the needs of both products and services that are more comprehensive for all groups of customers Ready to expand Sena’s core business both now and in the future
In this regard, Sena has established T&T Asset Management Company Limited with the objective to operate the business of managing and developing non-performing assets to have the highest value, such as purchasing, transferring or auctioning assets from financial institutions to improve the quality of non-performing assets back to quality assets and circulating in the economy
Most recently, T & T Asset Management Company Limited, a subsidiary of Sena with the company Sukhumvit Asset Management Company Limited (AMC) or SAM, a company that manages and manages non-performing assets. Fundamentally, T&T Asset Management will consider selecting SAM’s foreclosed assets in the category of investment assets. or property type projects for development including considering the purchase and acceptance of transfer of the secured debtor’s ownership as real estate in the form of a project to manage, etc.
However, Sena and its affiliates of T&T Asset Management are confident that the asset management business will be a driving force that can generate continuous income and enhance the company’s growth potential to be strong and sustainable in the future.