Page 35 - ACC One Report 2567-En

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History and Background
The company was originally registered as a public company under the name Compass East Industry (Thailand) Public Company Limited, in accordance with the Civil and Commercial Code. The company began operating as a limited company in August 1987 with a registered start-up capital of 45,000,000 baht. The company established its first factory in the Bang Pu Industrial Estate, and received a promotion from the Board of Investment of Thailand on October 16, 1987. It was then transformed into a public company limited on May 31, 1988, in order to have its common stocks registered in the Stock Exchange of Thailand. The company currently has a total registered paid-up capital of 335,763,905.75 baht
is currently restructured by the company have main 4 businesses group as follows:
1. Infrastructure business group consists of 1.1) Energy and renewable energy business 1.2) Construction business 2. Financial business group consists of 2.1) Lending business 2.2) Asset management business
3. Distribution business group
4. Others business group.
The company distributed its investments across various segments for risk diversification and to increase revenue channels. The new businesses have a fast growth rate in the present, which is expected to result in stable returns in the future.
Business Operation Characteristics
1. Infrastructure business group consist of
1.1 Energy and renewable energy business
The company has invested in a solar rooftop projects with capacity is approximately 3.07 megawatts.
1.2 Construction business
The company operates projects through ACC Infra Company Limited (“ACCI”), the company has been contracted solar panels both of the public and private sectors.
2. Financial business consist of
2.1 Lending business
The company has operated a lending business or provide loans with collateral (Non-Bank), pled, mortgage, and selling on consignment, and operated non-performing debt from financial institutions for management, followed up on debt and enforced the collateral, proceed with the legal process according to the company's plan.
2.2 Asset management business
ACC Asset Management Co., Ltd. to operate asset management business. On June 16, 2023, the company obtained permission from Bank of Thailand to become an asset management company. The objective and business plan are to conduct business in managing non-performing debt or non-performing assets with collateral from financial institutions. At this time, the company was in the process of planning and analyzing the auction to procure assets for management.
Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited
Business Operation Characteristics
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