The share price of BTS, AEONTS and HUMAN edged higher after entering into a joint venture agreement to establish “Rabbit Cash”, a digital platform to provide lending services.
BTS Group Holdings Public Company Limited (BTS)’s share price rose ฿0.30/share or 3.17% to ฿9.75/share with a trading value of 1,340 million baht.
Aeon Thana Sinsap (Thailand) Public Company Limited (AEONTS)’s share price rose ฿14.00/share or 6.64% to ฿225.00/share with a trading value of 1,266 million baht.
Humanica Public Company Limited (BTS)’s share price rose ฿0.40/share or 3.81% to ฿10.90/share with a trading value of 67 million baht.
On March 29, 2021, the three companies including VGI Public Company Limited (VGI)’s subsidiary BSS Holdings Company Limited (BSSH), AEONTS and HUMAN have entered into a Joint Venture Agreement to incorporate a joint venture company under the name of “Rabbit Cash Company Limited”.
According to the shareholding structure, BSSH will hold 77%, AEONTS will hold 18% ,and HUMAN will hold 5%. The new joint venture is aimed to provide lending services through digital platforms under the brand of “Rabbit Cash”. The registered capital is Baht 800,000,000 divided into 8,000,000 ordinary shares, with a par value of Baht 100 each.