SGC sells car loan portfolio and clears accumulated losses

Prachachat•Economy•5d ago

Reader Briefing

SGC, a company in the JMART group, approved the sale of a car loan portfolio for 1,300 million baht and the use of reserves to offset accumulated losses.

•SGC approved the sale of a car loan portfolio valued at 1,300 million baht.
•SGC plans to transfer legal reserves and share premium to clear accumulated losses of 856,372,925 baht.
•An Extraordinary General Meeting of Shareholders (E-EGM) is scheduled for September 29, 2026.

Overview

•SGC approved the sale of a car loan portfolio totaling 1,300 million baht.
•SGC will propose the transfer of 209,379,885 baht in legal reserves and 646,993,040 baht in share premium to the Extraordinary General Meeting of Shareholders No. 1/2026.
•The Extraordinary General Meeting of Shareholders No. 1/2026 will be held via electronic media (E-EGM) on September 29, 2026, at 10:00 AM.
•The transfer of reserves and share premium is intended to offset accumulated losses of 856,372,925 baht as of the separate financial statements dated June 30, 2026.
•After the transfer, SGC will have no accumulated losses in its separate financial statements.
•Following the transaction, SGC will have a legal reserve balance of 0 baht and a remaining share premium of 2,535,280,527 baht.

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Key Entities

Organization

SGC

A company in the JMART group that approved the sale of a car loan portfolio and the offsetting of accumulated losses.

JAMRT

The group to which SGC belongs.