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2. Financial business group
2.1) Lending business
The company operates through ACC Capital Co., Ltd. (“ACC C) with a registered capital of 200 million baht, paid- up full capital, in which the company holds shares in the proportion 100 percent. The objectives and the business plan to operate a lending business or provide loans with collateral (non-bank), pledge, mortgage and consignment sale, which has been carried out all along. ACC C has auctioned to purchase car hire-purchase debt and difference debt from hire-purchase business companies and banks to manage, follow up and accelerate debt and operate legal action in accordance with ACC C's business plan, which has a business expansion plan with sustainable trends and returns in the future.
2.2) Asset management business
The company operates through ACC Asset Management Company Limited (“AMC”) with a registered capital of 55 million baht (paid-up capital of 32.5 million baht). In June 2024, the company acquired non-performing loans (NPLs) from financial institutions for management. The company restructures debts based on the financial status of each debtor. For cooperative debtors, debt resolution methods include transfer of assets to settle debts and installment payments, in accordance with the criteria and guidelines set by the Bank of Thailand. Currently, the company holds foreclosed assets that are in the process of being sold. For uncooperative debtors or those who cannot be contacted, the company must pursue legal action. The company expects to manage these distressed assets in line with its business plan. Additionally, if more capital becomes available, the company plans to participate in further NPL auctions from financial institutions in accordance with its business strategy and goals.
3. Distribution business group
The company has sold solar panels and equipment by ACC Company, exported fresh fruit by ACC Global Trade Co., Ltd. (ACC GT) . In 2023, the company has changed the solar panel distribution policy to operate by ACC Infra Co., Ltd. (“ACCI”) instead of ACC Company. In terms of distribution, the main equipment, solar systems, has been traded for more than 26,000 items, totaling more than 15 megawatts.
4. Others business group
The business of being a Systems Integrator (SI) service provider, including wholesale of computers and software, electronic devices and communication equipment from RTS (2003) Co., Ltd. (“RTS”), which the Company acquired on November 21, 2024, holding 60 percent of the shares. The company’s business is divided into 2 categories: information technology. and telecommunication technology Emphasis on providing services to government agencies and state enterprise customers to provide customers with services and support in the development and integration of information technology and telecommunications systems that are tailored to business needs and succeed in a rapidly changing digital age. The company will build a strong relationship and cooperation with customers.
Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited
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