News Network Corporation Public Company Limited or NEWS announces good news again! After the Special General Meeting of Shareholders held on December 29, 2022 decided to approve the increase in registered capital through a general mandate of more than 10,565,019,764 baht from the original registered capital 158,475,296,472 baht at market prices, resulting in the Company has a net registered capital of 169,040,316,236 baht
The essence of such a capital increase is to prepare for the change in the structure of the Company’s business group Focus on investing in new businesses, including
a comprehensive securities business as ‘Liberator Securities Company Limited’ which is ready to open for investors to participate in full trading on January 3, 2023, and
a financial technology business that the Investment Company with Aqua Corporation Public Company Limited or AQUA to develop new Fintech in the form of a P2P Lending business in the name of ‘Peer for All’.
Mr. Krisada Pruitipat, CEO of News Network Corporation Public Company Limited, said, “Increasing the Company’s registered capital and business restructuring this time will help to increase liquidity to the company’s capital. to prepare for supporting the customer group which will expand further and also increase financial transactions from Liberator Securities which will be launched in the following quarters
In addition, he also sees that the focus is on investing in new businesses as mentioned above, It will be in order to diversify and create income and profit stability for the company. And to support the adjustment to keep up with today’s digital technology world, which the company believes is reasonable and definitely brings the greatest benefit to investors.
After Securities Liberator Received a business license from the Office of the Securities and Exchange Commission. On November 21, 2022, Liberator has received the first batch of customers to test the application and generate satisfactory feedback. More than 1,000 investors registered to open an account.
However, you can download and apply for an account online through the “Liberator” application, ready to fully trade stocks and derivatives from January 3, 2023, and shortly thereafter, the team will be ready to launch financial products New concepts such as P2P Lending, Overdraft, Foreign Trade Funds to introduce the application in the future period
The Company sold ordinary shares in Than Setakij Multimedia Co, Ltd in the amount of 20,074,998 shares or 100 percent of the total shares. worth 240 million baht to Nation Group (Thailand) Public Company Limited or “NATION”, which is another strategic plan that emphasizes the mission of becoming a leader in the securities business and Fintech NEWS.
