Group Lease aims to raise Bt3.4 bn for expansion

2 October 2013
The Nation
Economy and commerce / Industries / Investment / Manufacturing / Trade
GL Finance / Group Lease / Siam Kubota Corp

Group Lease plans to raise Bt3.4 billion from shareholders to expand its main motorcycle-leasing business aggressively and enter other types of “small credit” businesses here and in neighbouring countries, especially Cambodia, over the next two years. … The company is reportedly negotiating to take over a sizeable microfinance business in Cambodia. … GL’s Cambodian operations have been boosted by its recent deal with Siam Kubota Corp to take over financing for the popular brand of farm equipment via GL Finance (GLF), GL’s wholly owned subsidiary in Cambodia. GLF has now opted for a more cautious approach to motorcycle leasing in Cambodia. It had aimed for 2,000 units in the third quarter but now that goal is expected to be met in the fourth quarter. The company targets an average 4,000 units a month next year after setting up points of sale at Honda motorbike dealerships across Cambodia.

 The Nation News Staff
http://www.nationmultimedia.com/business/Group-Lease-aims-to-raise-Bt3-4-bn-for-expansion-30216061.html