March 6, 2008
Bangkok - Aeon reported the establishment of ACS Trading Vietnam Co Ltd to the Stock Exchange of Thailand at the end of last month.
The new company's objective is to expand its installment payment business in Vietnam.
The investment cost was about 4.4 million baht of the company’s working capital.
Aeon Thana Sinsap (Thailand) Plc holds 20% stake in ACS Trading Vietnam Co Ltd while Song An Co Ltd 20% and ACS Capital Corporation 60% respectively.
Aeon was incorporated in 1992 as Thai Credit Service Co Ltd. It provides various retail financial services primarily in Thailand.
The company offers hire purchase, credit card, personal loan, and factoring services.
The company’s personal loan programs include education, home decoration, car maintenance, and car insurance as well as medical, travel, and wedding loans.
It operated 76 branches as of February 20, 2007.
