AEON expands into Myanmar and Laos

FRIDAY, OCTOBER 12, 2012
AEON expands into Myanmar and Laos

AEON Thana Sinsap (Thailand) Plc, a non-bank financial institution, is expanding its business into Myanmar and Laos.

 

 
 
 
In a statement to the Stock Exchange of Thailand today, the company said that the board of directors today approved the establishment of a wholly-owned subsidiary in Myanmar, named AEON Microfinance (Myanmar) Co Ltd, to provide microfinance to small borrowers there. The new unit is capitalised at Bt57.5 million kyat or Bt2.07 million. 
In Laos, AEON Leasing Service (Lao) Co Ltd will be established with the paid-up capital of 8 billion kip or Bt30.4 million.