Jay Mart yesterday announced that it has transformed itself into a holding company. Its major flagship mobile phone business unit operate under the newly-established Jaymart Mobile Co, which is 99% owned by Jay Mart. In addition, Jay Mart holds a 24.9% shareholding stake in Singer Thailand, a leading network of direct sales marketing, service loans and leasing for consumers. Mr Adisak said J Ventures is developing an application that will allow people to borrow money from J Fintech. Jay Mart plans to spend 7.7 billion baht on business expansion this year, up from 5.1 billion in 2016.

Source: Bangkok Post January 18, 2017 00:58 UTC