TNL began its business transformation, primarily investing in businesses with growth potential in order to generate consistent long-term value for the Company and its stakeholders. Currently, the Company has invested in 4 business categories as follows:
- Textile and Apparel Business through TNLX Co., Ltd (TNLX) – a manufacturer and distributor of finished garments and leather goods for men, women and children under licensed international trademarks as well as its own house brands for local distribution and export. The Company is currently undergoing a partial business transfer to TNLX with an expected completion within 2023.
- Secured Lending Business through Oxygen Asset Co., Ltd (Oxygen) – a secured lending business specialising in the real estate industry. Oxygen aims to capture high-net-worth and corporate clientele by issuing loans of more than THB 10mn.
- Acquisition and Management of NPLs/NPAs Business through Oxygen Asset Management Co., Ltd (OAM) – a professional asset management company, managing distressed assets, including secured Non-Performing Loans (NPLs) and Non-Performing Assets (NPAs) procured from financial institutions through negotiation, debt restructuring and litigation process.
- Real Estate Development for Sales Business through TNL Alliance Co., Ltd (TNLA) – a residential real estate development-for-sale business by investments through 7 joint ventures with Noble Development Public Company Limited (NOBLE).
The textile and garment business is still one of the core businesses in which the Company aims to further develop and strengthen the business. Furthermore, TNL transformation enables the business to be more flexible in order to compete in the highly competitive industry and meet the customer needs.
Although TNL is considered a new player in the financial services business in both the secured lending and acquisition and management of NPLs/NPAs business, TNL’s executives and staff have been in the industry for more than 20 years. With extensive experience in management in the financial services industry, TNL is set to be one of the key players in the industry. In terms of secured lending, TNL’s ability to promptly meet customers’ demands would enable the Company to gain market shares due to the relatively large market size (medium-sized loan customer market) and the target segment. In addition, the real estate development business for sale allows TNL to have networks and insights into the real estate business. This is considered one of TNL's key strengths, which continues to reflect continued earnings growth.
The Company has a policy of paying dividends to shareholders at the rate of Bath 0.20 per share, which is equivalent to 20 percent of the par value. However, payment is principally subject to the Company’s operating results and economic conditions. Dividend payments would be made from net earnings and retained earnings. Dividends would be calculated in proportion to the earnings in the Company operating results (unconsolidated statement).