Page 29 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 27

Month/year Important event

December 2021 • • BAM received the CAC certificate for the second year at Thailand 11th National Conference
on Collective Action Against Corruption, titled “Unified Business Transparency against
Corruption,” conducted in the form of virtual ceremony. This could demonstrate the
organization’s commitment to operating business with transparency and combating
corruption in all its forms under the motto, “Integrity, Transparency, Non-Solicitation and
Fight against Corruption with BAM.”

• BAM arranged online training to expand trade partner coalition against corruption for the
second consecutive year, in which 57 business partners of BAM from across the country
had participated and were willing to join in the declaration of intention to fight corruption
with BAM. This allows for BAM to form a powerful alliance in mutually conducting the
business on a sustainable and transparent basis.

The company’s shareholding structure FIDF
The company has no subsidiaries nor joint ventures.
However, the company has investment in the equity in
the companies listed in the stock exchange and other 45.79% 99.99% 55.07%
companies as a result of forced guarantee or debt
restructuring between the debtors and the company or BAM SAM KTB
existing financial institutions.

Relationship with the business group of the major To prevent conflict of interest that may happen from
shareholders the same major shareholder and to ensure that
The FIDF was established on 27 November 2015 the company is free for operating the businesses, the FIDF
according to the royal decree on amendment of the Bank approves the code of practice to prevent conflict of
of Thailand Act B.E. 2485 (1942) with objectives to provide interests in any matter according to the letter
financial aid, restore and develop Thai financial institutions No.For.Kor.Thor. 252/2558, dated 8 June 2015, with
to be stable and equilibrium under supervision of the BOT following details
and the government.
1. Determination of transaction condition
In the wake of the 1997 financial crisis in Thailand, between the company and the FIDF, other major
the FIDF rendered financial assistance to the troubled shareholders or enterprises or state enterprises that the
financial institutions and, as such, needed to hold shares FIDF or other major shareholders of the company are
in numerous financial institutions and asset management the shareholders.
companies. As at 31 December 2021, it held shares in two
asset management companies, comprising 45.79% in BAM To enter into a transaction between the company
and 99.99% in Sukhumvit Asset Management Company and the FIDF, other major shareholders or enterprises or
Limited (“SAM”), and also held 55.07% of shares in state enterprises in which the FIDF or other major
Krungthai Bank Public Company Limited (“KTB”), as shareholders of the Company are a shareholder, it shall be
illustrated in the chart below: subject to the Competitive, Commercial and Arm’s Length.