Company History

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Key Change and Developments

Year

2023

  • On August 7, 2023, Knight Club Capital Holding Public Company Limited was incorporated as a public limited company with an initial registered capital of 0.01 million Baht, a par value of 0.50 Baht per share, totaling 20,000 shares. The initial shareholders comprised directors, executives, and employees of the asset management company. The establishment was intended to support the restructuring of the shareholding and management structure of KCCAMC, as KCCAMC, which operates under the Emergency Decree on Asset Management Companies, is subject to regulatory limitations whereby it may acquire non-performing loans only from financial institutions and financial business entrepreneurs under such Emergency Decree.
  • On September 7, 2023, the Extraordinary General Meeting of Shareholders No. 1/2023 resolved to approve an increase in the Company’s registered capital from 0.01 million Baht to 310.01 million Baht by issuing 620 million newly issued ordinary shares with a par value of 0.50 Baht per share. The increase was equivalent to the paid-up registered capital of KCCAMC and was undertaken to facilitate a tender offer for all securities of KCCAMC from its shareholders.
  • On September 11, 2023, the Extraordinary General Meeting of Shareholders of KCCAMC No. 1/2023 resolved to approve the restructuring plan of the shareholding and management structure of KCCAMC. In this regard, the Company would proceed with a tender offer for all securities of KCCAMC through the issuance and offering of newly issued ordinary shares of the Company in exchange for ordinary shares of KCCAMC at an exchange ratio of 1 ordinary share of KCCAMC to 1 newly issued ordinary share of the Company.

Year

2024

  • During April 26 – June 12, 2024, the Company conducted a tender offer for the securities of Knight Club Capital Asset Management Public Company Limited (KCCAMC). The Company’s ordinary shares offered in the exchange had characteristics consistent with those of KCCAMC’s ordinary shares, and the rights of the Company’s shareholders were not inferior to those previously enjoyed by KCCAMC shareholders. Upon completion of the tender offer, the Company became the major shareholder of KCCAMC, while the former shareholders of KCCAMC became shareholders of the Company.
  • On June 21, 2024, the Company was listed as a listed security on the Market for Alternative Investment (mai) under the ticker symbol “KCC,” replacing the ordinary shares of KCCAMC, which were simultaneously delisted from the mai. Thereafter, KCCAMC became a subsidiary and the core operating business of the Company, engaging in the acquisition or transfer of non-performing loans from financial institutions and financial entrepreneurs, with registered capital of 310,010,000 Baht and paid-up capital of 309,177,158.50 Baht, comprising 618,354,317 ordinary shares with a par value of 0.50 Baht per share.
  • On June 28, 2024, the Company reduced its registered capital by 10,000 Baht from 310.01 million Baht to 310.00 million Baht by canceling 20,000 ordinary shares with a par value of 0.50 Baht per share. The paid-up capital remained at 309,177,50 Baht, comprising 618,334,317 ordinary shares. These shares were held by the first 15 shareholders of the Company as part of the implementation of the shareholding and management restructuring plan.
  • On August 7, 2024, the Board of Directors’ Meeting No. 3/2024 resolved to approve the establishment of KCC Asset Recovery Company Limited (“KCCAR”). KCCAR was incorporated on September 16, 2024, with the Company holding 100% of the shares. KCCAR had an initial registered capital of 10 million Baht, divided into 20,000 ordinary shares with a par value of 5.00 Baht per share. The establishment aimed to expand the scope of acquiring non-performing loans that could not be undertaken by KCCAMC due to regulatory restrictions under the Emergency Decree on Asset Management Companies.  

Year

2025
  • On February 25, 2025, the Extraordinary General Meeting of Shareholders No. 1/2025 resolved to approve the issuance of debentures with a total value not exceeding 2,000 million Baht. The Company subsequently issued and offered debentures No. 1/2025 on April 11, 2025, totaling 313,000 units with a par value of 1,000 Baht per unit, equivalent to 300 million Baht, for the purpose of intra-group lending or debt repayment, including loans to subsidiaries for the acquisition of non-performing loans and/or use as long-term working capital. In addition, the Company issued and offered debentures No. 2/2025 on October 17, 2025, totaling 400,000 units with a par value of 1,000 per unit, equivalent to 400.00 million Baht,
    for similar purposes.
  • On April 1, 2025, the Company announced its intention to become a member of the Thai Private Sector Collective Action Against Corruption (CAC).
  • On August 7, 2025, the Company received a full score of 100 points, or an “Excellent” rating, from the Thai Investors Association for the quality assessment of its Annual General Meeting (AGM Checklist) for the year 2025.
  • On October 28, 2025, the Company received a 5-star rating, or “Excellent CG Scoring,” from the Thai Institute of Directors Association (IOD) under the Corporate Governance Survey of Listed Companies for the year 2025.