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ACAP Advisory Public Company Limited, formerly known as Asian Capital Advisers Company
Limited, was founded in 1998 by Dr. Vivat Vithoontien to engage in the business
of corporate finance and investment banking advisory services, including debt restructuring
advisory. Since its inception, the Company has continuously expanded its skill sets
and range of financial services which now include non-performing asset management
services and consumer finance.
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1998 |
- The Company is established under the name of Asian Capital Advisers Company Limited
to provide corporate finance and investment banking advisory.
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2003 |
- The Company is transformed into a public limited company and its name is changed
to ACAP Advisory Public Company Limited.
- Japan Asia Investment Corporation (JAIC) and JAIC Asia Holding Pte. Ltd., invest
in Company common shares.
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2005 |
- The Company issues 23 million new common shares in an IPO and Company shares become
publicly listed on the Market for Alternative Investment (MAI) in Thailand (ticker
symbol ACAP).
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2006 |
- ACAP Asset Management Company Limited (ACAP AMC) receives an AMC license from
the Bank of Thailand.
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2007 |
- ACAP (Malaysia) Sdn Bhd is established with paid up capital of MYR 500,000 and becomes
the first Bank Negara Malaysia approved housing loan servicer in Malaysia.
- The Company successfully acquires and manages a USD 70 million Malaysian NPL portfolio
on behalf of a client.
- ORIX Corporation of Japan invests in a private placement of 25 million Company shares.
- In conjunction with ORIX Corporation, the Company acquires Capital OK Company Limited,
a major personal and consumer loan provider with paid up capital of THB 7.5 billion.
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2008
1st half |
- International Finance Corporation invests in Company shares with the aim to build
on the Companys asset management platform and help develop non-performing loan
resolution in emerging markets across Asia.
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2009 |
- ACAP Services Company Limited registered and paid-up capital is increased to THB
10 million and its name is changed to Global Service Center Company Limited (GSC)
in order to expand into providing receivables collection and call center services
to other companies and financial institutions.
- The Company increases its investment in CAP OK from previous its holding of 50.99%
to 99.99% of issued shares by purchasing 49.01% of issued shares from existing CAP
OK shareholder, ORIX Corporation, which is also major shareholder of the Company.
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2010 |
- In February, ACS has registered with the Thai Consultant Database Center of the
Ministry of Finance to be a financial advisor type A, license number 3093, as a
result of which ACS is be eligible to be considered for work by the public sector.
- P COLs capital was increased from THB 20 million to THB 220 million.
- ACAP (ASIA) Asset Management Company Limited was established as a subsidiary with
a registered capital of THB 25 million. The shares are owned primarily by two of
its other subsidiaries, CAP OK and ACAP (Malaysia). It is licensed by the Bank of
Thailand to conduct asset management business regulated under the Asset Management
Royal Decree B.E. 2541. It was established to participate in future NPL portfolio
acquisitions.
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2011 |
- Aurum Capital Advisory Pte. Ltd. (AURUM) is established as a subsidiary of the Company.
The firm is based in Singapore with 63.97% of share holding by the Company and provides
investment banking services.
- The Company sold all its shares in STAR Asset Management Company Limited.
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2013 |
- The Company sold all its shares in ACAP Asset Management Company Limited.,
a 99.99% ownedsubsidiary of the Company.
- The liquidation of ACAP (Malaysia) Sdn. Bhd. In Malaysia, a 99.99% owned subsidiary of the Company.
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2014 |
- Dr. Vivat Vithoontien, Chief Executive Officer of the Company who was the top
major shareholder, reduced his shareholding proportion from 49.19 per cent to
8.87 per cent.
- The Company purchased all shares of PCOL from CAP OK, a subsidiary, at 99.99 per cent
of that company, representing 99.99 per cent of the registered capital of
PCOL, so that the Company directly held shares in PCOL at the rate of 99.99 per cent.
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