Mr. Arthid Nanthawithaya, Chief Executive Officer of SCB X Public Company Limited, stated, "The approval of the issuance of debt securities not exceeding 100 billion baht or the equivalent in other currencies of SCBX reflects the shareholders' confidence in the company's strategy and financial strength, providing the company with funding flexibility to carry out its business plan. SCBX will focus primarily on growing and improving its three most promising areas of business, comprising consumer finance, digital assets, and platforms. To prepare for the expansion of SCBX to the regional level, the funds will also be utilized to invest in technologies that will be the backbone of future business, such as blockchain and climate tech."
"In executing bond issuance, we will take into consideration capital market conditions and annual investment opportunities to ensure the most optimal funding arrangement. The company would like to express its gratitude to its shareholders for their continued confidence in the strategy and operational plan to establish the SCBX Group as a regional financial technology company capable of competing on a global scale, delivering superior returns to shareholders over the long term, and steering the country to sustainable growth."
Source: SCBX Group