Page 26 - BAM ONE REPORT 2564 (ENGLISH VERSION)

24 Part 1
Business Operation and Performance

incorporation of potentials of employees and work systems of the capital-increased ordinary shares which have been
of both organizations. registered for approval of the registered capital increase in
2015, for not exceeding 510.0 million shares, with par value
On 25 December 2015, the company registered of 5.0 Baht. The Company allocated such shares to (A) initial
transformation as a public company limited under the public offering for 280.0 million shares, and (B) support
name of Bangkok Commercial Asset Management Public over-allotment for 230.0 million shares.
Company limited, with the registered office located at No.
99, Surasak Road, Silom Sub-district, Bangrak District, Meanwhile, the company arranges the initial public
Bangkok. It operates the business of purchasing or accepting offering (IPO) and registers changing paid capital of the
transfer of non-performing loans (NPLs), and non-performing Company with the Department of Business Development.
assets (NPAs) for management, distribution or transfer, with Therefore, the total paid capital is 15,075 million Baht. The
the Financial Institutions Development Fund (FIDF) holding FIDF decreases the proportion of shareholding from 99.99%
shares for 99.99% to 41.9%. Therefore, the company is fully a private
company. Nevertheless, the company’s shares were traded
However, the extraordinary meeting No. 1/2019, under the security abbreviation as “BAM” for the first time
on 2 August 2019 had a resolution to approve allocation on 16 December 2019.

Significant changes and development
Significant events of the company can be summarized as follows

Month/year Important event

January 2021 Legal Execution Department announced the cancellation of auction sales to be held
in 28 Maximum Control Zones in January 2021 due to the lingering spread of COVID-19.

February 2021 BAM continuously focused on the proactive online marketing strategy and partnered
with Shopee in arranging a special promotion campaign, “3.3 House/Land/Condo Festival
by BAM,” which was an ongoing program from the previous year.

March 2021 BAM was awarded “Thailand’s Best Privatization - Bangkok Commercial Asset Management
THB 30,888 billion IPO” from the ranking of Deals of the Year - Triple A Sustainable
Capital Markets Country and Regional Awards 2020 in the Southeast Asian Region by The
Asset, which is a reputable Hong Kong-based financial magazine. Such award was
publicized on TheAsset.com and also in The Asset Magazine, January 2021 Issue.
The award presentation was conducted in the form of virtual ceremony via TheAsset.com
on March 18, 2021 at 5.00 PM (HKT).