TNL sells shares in textile business, receives 670 million baht, goes full throttle into financial business

Thanulux or TNL undergoes a major restructuring. Selling all shares in the textile business and clothing that TNL holds in subsidiaries “TNLX” gives “I.C.C.” and 3 other companies in Sahapat Group Ready to shift focus to the financial business "New Engines" with full force, aiming to create synergy within the group of companies and diversify risk. Ready to drive long-term growth in both revenue and net profit.

Mr. Kittichai Triratchataphong Thanulux Public Company Limited or TNL revealed that TNL will sell all common shares held inTNLX Company Limited or TNLX (a 100% owned subsidiary of TNL) to 4 buyers.

withI.C.C. International Public Company Limited or ICC, which was previously a trading partner with TNLX, became a major shareholder with a share of 70%.

While the remaining 3 buyers are companies within the Sahapat Group, consisting of I.D.F. Company Limited, BSC Soin Company Limited Saha Pathana Inter-Holding Public Company Limited

It will be a partner that will help promote the creation of a wider partner network for TNLX. The share purchase agreement was signed on February 26, 2567 and it is expected that the entire purchase and sale process will be completed within. July 2567

Currently, TNLX is engaged in the textile and clothing business. Has nearly 50 years of experience as a producer and distributor of ready-to-wear clothing and leather goods for men, women, and children under international trademarks that TNLX has licensed, such as ARROW , Guy Laroche, DAKS, ELLE, Absorba etc.

Including TNLX's own trademarks such as Era-won etc. for sale within the country. Including being a producer of ready-made clothing and leather goods for sale to foreign customers. The main domestic customer of TNLX is ICC.

Mr. Kittichai said that the sale of all shares in TNLX of the Company this time to ICC, which has been an important business partner of the Company for a long time in the textile and clothing business. It will help strengthen and create mutual benefits for both parties. The company will receive cash from this transaction in the amount of 2 million baht.

This money will be used to invest in the financial business, Asset Financing and Secured AMC, especially in the Secured AMC business, which is expected to have supply from commercial banks that will release NPLs to sell in the market not less than last year, or approximately 200,000 million. baht, which will be an important opportunity for the company to acquire NPLs that have the potential to create growth.

More than that, there are clear benefits that will arise from the sale of shares this time. It will give the company a clearer business structure in terms of resource allocation and management. Focusing on financial business and related businesses that will promote each other.

As for the results that will occur from the sale of TNLX shares this time, it will not have a significant impact on the decrease in the company's net profit because TNLX has a net profit proportion of approximately 8% of the net profit in 2566 and the company You can also use the money received from selling those shares to expand your investment. (Reinvestment)

However, this will affect the income structure according to the company's financial statements. Previously, revenue from sales which mainly came from TNLX was 56% of total revenue in 2566, will be changed to income from financial businesses, including

Interest income that comes from the collateralized lending business and asset management business and income from consulting fees and project supervision which comes from the business of developing real estate for sale instead In the long run, this change will be able to drive the company's revenue and net profits to grow sustainably.

The direction from here The company has a new look after restructuring its business and management. Will focus on creating a complete ecosystem of financial businesses related to Asset financing and Secured AMC.

In 2567, the focus will be on continuously expanding the loan portfolio in the Asset financing business and the Secured NPLs portfolio. In addition to giving importance to driving business growth, It also gives importance to the company's operations by adhering to the principles of careful risk management. Manage your business with honesty and integrity. To give shareholders and stakeholders confidence that this growth will be sustainable growth.

TNL has undergone major changes since the end of 2565 to create sustainable growth through organizational restructuring. and change the business structure By investing in a new business, New Engines, to reinforce the existing business, causing the company's business structure to grow from being a producer of ready-made garments only. It is a business operation in 4 main businesses:

1. Textile and clothing business This is a business that the company has expertise in. and strengthening forces with new businesses including

2. Business providing loans to entrepreneurs with collateral (Asset Financing)

3. Financial business, asset management business type (AMC) and

4. Business of investing in joint venture companies for the business of developing real estate for sale. (Real Estate for Sale)

Throughout 2566, TNL has continued to create growth through new businesses, especially the financial business, both the Asset Financing business and the AMC business, with great success. Even though it is a new player in the business, it can create good growth.

In 2566, the company has profits from the financial business of more than 320 million baht, accounting for 55% of total profits. Including building a strong network in the real estate development business. Through investment in real estate development business

“Adding 3 new engines besides creating synergy within the group of companies. It is also a way to spread risk. Since the company has an Asset Financing business with real estate as the main collateral and an AMC business that focuses on non-performing loans with collateral, as well as having the engine of the Real Estate for Sale business, we have a network and extensive knowledge about real estate. good It will be one of the strengths and a synergy that can create sustainable growth for the company in the long term.” Mr. Kittichai said.