Page 41 - E-BOOK

Business Operation Particulars

Overview of the business operation and revenue Additionally, the Company manages NPAs
structure which are mostly empty lands (including real estate for
The Company is the largest asset management agricultural purposes), hotels, commercial buildings, and

Company in Thailand, considered from total assets residence in a type of detached house, townhouse and
(Data as of 31 December 2020). From the information condominium as well as moveable properties and
of the Bank of Thailand, total asset in the system of othersecurities. The Company obtains the NPAs by any
the asset management companies is 244,799 million methods such as negotiation with the debtors to transfer
baht. Meanwhile, the Company has total asset of the guarantee or repayment property, foreclosurefor
132,070 million Baht or accounted for 54%. The debt settlement, and purchase of NPAs from other
Company operates the business of managing NPLs financial institutions directly. The Company will record
and NPAs under the emergency Decree on asset the list of NPAs at price upon transfer (cost of purchase)
management Company B.E. 2541 (1998) and under the or cost of purchase with related expenses (if any) from
supervision of BOT. the Legal Execution Department or other financial

institutions. Then, the Company will finally distribute the
The Company has the ability to acquire and manage NPAs.
NPLs and NPAs, whereas the Company purchases the

NPLs from the financial institutions in Thailand including The Company has operating revenues from loan of
banks and other financial institutions and manage the receivable purchase, and revenue from NPAs, and 39
NPLs by negotiation for debt restructuring with the investment in securities. The net asset mainly includes
debtors to find the most suitable agreement for every (A) assets about business of NPLs management (such as
party as much as possible. Most of NPLs purchased by net loan from receivable purchase, net receivables, and
or transferred to the Company mostly contain guarantee net pending payment receivable from auction) and (B)
as real estate, with the first mortgage registration. The assets regarding the business of NPAs management (such
Company records NPLs as loans from receivable purchase as net investment in securities, net debtor by installment,
at cost price of purchase or transfer acceptance. NPAs and advance payment for property purchase fees

and others).