In 1987, from initiation to help the farmers and people in debts in Rayong and neighboring provinces to gain access to a source of investment funds and avoid depending on a loan shark, Mr.Vitit Lavansthien started a credit providing business having a loan management service for motorcycle, car, and land with a low-interest rate, quick service, and leniency on collection. This business had more and more clients by word of mouth. In 1991, he officially established Thanathiwat Co., Ltd. ("Thanathiwat Company") to do a credit providing business with mortgage securities at Klaeng District, Rayong Province. After that, the business had expanded into a business that distributes widely-used products such as household electrical appliances, motorcycles, computers, and mobile phones. This business has branches in both township and department stores in Rayong and Chantaburi Provinces which have been well-received and made Thanathiwat Company one of the biggest electrical appliance distributors in the Eastern region since then. In 2016, for clarity, Star Money Co., Ltd. ("The Company") was established to operate on the credit providing business. With the vision of the executives to expand the business and apply for the listing, there was a business restructuring by transferring the business involved in distribution and credit providing of "Thanathiwat Company" to "The Company." Therefore, on December 31, 2019, Star Money Co., Ltd. ("The Company") had an Issued and Paid-up Share Capital of 400 million Baht divided into common stock of 400 million Baht with a par value of 0.5 Baht. There are 2 parts of the business: (1) Distribution business in electrical appliances such as air-conditioner, washing machine, refrigerator, television, etc. We sell the products both in cash and installment. (2) Credit providing business with mortgage securities under regulations of Bank of Thailand for motorcycle, car, commercial vehicle, agricultural vehicle, and a land loan or home loan. The Company now has 84 branches covering 7 Eastern Provinces: Rayong, Chanthaburi, Chon Buri, Trat, Chachoengsao, Prachinburi, and Srakaew. In the future, "The Company" has a plan to expand the business to other regions of Thailand such as the Central or Northeast region. Besides, "The Company" has other related services as an insurance broker for casualty insurance and life insurance.
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