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Premium Group Expands Auto Loan Business in Thailand

Story Highlights
  • Premium Group acquires shares in ECL to strengthen its Thai auto loan business.
  • The acquisition supports Premium Group’s overseas growth strategy with ITOCHU’s collaboration.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Premium Group Expands Auto Loan Business in Thailand

Premium Group Co., Ltd. ( (JP:7199) ) has provided an update.

Premium Group Co., Ltd. is set to acquire new shares in Eastern Commercial Leasing p.l.c. to bolster its auto loan business in Thailand. This strategic move, in collaboration with ITOCHU Corporation, aims to enhance ECL’s profitability and growth, aligning with Premium Group’s long-term strategy of overseas business expansion.

More about Premium Group Co., Ltd.

Premium Group Co., Ltd. operates as an auto mobility business group, offering advanced automotive solutions for procurement, purchasing, use, maintenance, and buyback. It focuses on expanding its global presence, particularly in Southeast Asia, and is listed on the Tokyo Stock Exchange Prime Market.

YTD Price Performance: -10.95%

Average Trading Volume: 174,649

Technical Sentiment Consensus Rating: Sell

Current Market Cap: Yen91.91B

See more insights into 7199 stock on TipRanks’ Stock Analysis page.

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