‘Ngern Tid Lor PCL’ strengthens business expansion to support growth plans, aggressively establishing ‘Investment Committee’ to handle the consideration of various investment plans effectively. This includes investing in related businesses both domestically and internationally to increase potential, and investing in mergers and acquisitions to create leapfrog growth.
Mr. Piyasak Ukritnukun, Managing Director of Ngern Tid Lor Public Company Limited or TIDLOR, revealed that following the company's policy to aggressively expand business to strengthen and increase growth potential continuously after fundraising and listing on the Stock Exchange of Thailand in mid-2021, the company recently established an Investment Committee as a sub-committee. Its duty is to oversee the consideration of various investment plans and manage investment funds effectively according to set policies, such as investing in business expansion related to current core businesses in Thailand and abroad for operational potential and company strength, investing in mergers and acquisitions to support growth, etc. The 5 members of the Investment Committee are as follows:
-
Mr. Patara Yongvanich
Chairman of the Investment Committee
-
Mr. Supawat Likittanawong
Member of the Investment Committee
-
Mr. Piyasak Ukritnukun
Member of the Investment Committee
-
Mr. Nattapol Luepromchai
Member of the Investment Committee
-
Mr. Elcid Vergara
Member of the Investment Committee
Mr. Patara Yongvanich, position Chairman of the Investment Committee, said, “I am confident that with the knowledge, expertise, and experience regarding investment management of every Investment Committee member, we will lead the company to achieve growth goals consistent with the organizational vision laid out, as well as create added value for the company and shareholders through investing in expanding businesses that will create stable and sustainable long-term growth. When combined with Ngern Tid Lor's technological knowledge in various fields and the company's strength as a leader in vehicle title loan business and a leading operator in insurance brokerage business, it will be able to lead the company to grow progressively and stably in the long term under prudent and rigorous investment expansion strategies for the benefit of all stakeholders.”
Mr. Piyasak added that the company believes establishing such an Investment Committee will be a key factor in strengthening Ngern Tid Lor's business operation foundation, enabling the company to leapfrog quickly. Currently, there are 2 main business groups: vehicle title loan business, where Ngern Tid Lor is the current market leader, and insurance brokerage business aiming to be a leader in retail insurance brokerage.
“Currently, we are ready to expand investment to create continuous growth, considering investment plans in vehicle title loan business and insurance brokerage business, which are Ngern Tid Lor's current core businesses, and investing in expanding related businesses in Thailand and abroad. This is under investment in the form of Strategic Investment to grow together and considering opportunities to invest in Mergers and Acquisitions (M&A) to enhance potential and strength. Therefore, the Investment Committee was established to consider various investment plans under policy frameworks and appropriate risk levels so the company can grow strongly and stably,” Mr. Piyasak said.
For business sectors both domestic and international that see Ngern Tid Lor's technology and business experience as beneficial for joint business operations, please contact via email [email protected] or follow details on the Ngern Tid Lor website.