SCBS acquired “Bitkub” Moving forward to drive the strategy of the mother ship. Aim for long-term growth and lay the foundation for the financial business of the future world Get context for a new, rapidly changing world.
“SCB is a financial institution that has been with Thai people for more than 114 years. In addition, there is a strategy to change the company structure to SCBX to support the growth of new types of businesses. The most important thing is that Bitkub and SCB X share the same vision goal that Digital Assets are important to the development of Thailand’s economy in the long run. We strongly believe that we can drive the Thai economy into the future. to be a regional financial and technological center And it is an important opportunity to create a new National Champion for Thailand.” Mr. Jirayut Supsrisosopha, Group CEO, Co-Founder and Chief Executive Officer Bitkub Capital Group Holdings Company Limited specify
SCB X Announcement to invest in “Bitkub” Bitkub Online Co., Ltd. Thailand’s leading digital asset trading center (Digital Asset Exchange) through the acquisition of 51% of the total shares from Bitkub Capital Group Holdings Co., Ltd., totaling approximately 17,850 million baht.
with SCB Securities Company Limited (SCBS) is a major shareholder. Take the responsibility of driving and working with Bitkub as a business partner to build a business together. as well as to create a Digital Asset Ecosystem with Digital Asset Exchange as one of the key infrastructures of the ecosystem at the national level to strengthen and grow further.
The entering into the share purchase transaction will be subject to compliance with the regulations of the relevant regulatory agencies such as Bank of Thailand (BOT) The Securities and Exchange Commission (SEC) provided that the due diligence result of “Bitkub” The material part must be satisfactory. and the counterparty has fully complied with the conditions specified in the share purchase agreement It is expected to be completed within the first quarter of 2022.
“In the past 1-2 years, the digital asset business, one of the financial businesses of the future, has seen rapid growth. And there is an opportunity for long-term growth. SCB X Group invests in Bitkub Online Co., Ltd., which provides a reliable platform for trading digital assets in Thailand. With continuous growth in the past, SCB X Group will be able to create new value that can grow in the long term with the new world. In line with SCBX’s strategy to upgrade to a financial technology group can meet the new needs of consumers and able to enter a new field of competition that is coming soon in the next 3-5 years.” Mr. Arthit Nanthawittaya, Chief Executive Officer and Chairman of Executive Committee, SCB X Public Company Limited
“Bitkub” as a service business Is a digital asset exchange (Digital Asset Exchange) licensed by the SEC and is the leader in the digital asset trading center of Thailand.
In the first nine months of this year (January – September 2021), Bitkub had a total digital asset turnover reported to the SEC of approximately 1.03 trillion baht, representing a market share of approximately 92%.
by Bitkub has a total revenue of 3,279 million baht and a net profit of 1,533 million baht. (Based on unreviewed financial statements)
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