ACOM is proud to announce that "ACOM (M) SDN. BHD.," the subsidiary established in Malaysia, decided to apply for the moneylender license as follows:
Overview of License Application
Purpose of Application
Considering the possibility of business in Malaysia, the subsidiary will apply for the moneylender license.
Application Destination
Kementerian Perumahan dan Kerajaan Tempatan (KPKT)
Application Schedule Late November 2021
Other
To apply for the moneylender license, ACOM will increase the capital of the subsidiary to 2 million RM.
Overview of the Subsidiary after Capital Increase
(1)
Company Name
ACOM (M) SDN.BHD.
(2)
Head Office
Malaysia
(3)
Date of Incorporation
July 23, 2021
(4)
Capital Stock
2 million RM (approx. 53.5 million yen)
(5)
Business Outline
Money lending service and other related business
(6)
Composition of Shareholders
100% by ACOM
Road Map/Future Plan
The subsidiary will proceed with preparations for starting business after acquisition of the moneylender license.
Impact on Business Performance
Only a negligible impact is expected to the business results for the fiscal year ending March 2022.
ACOM CO., LTD.
Meiji Yasuda Seimei Bldg., 1-1, Marunouchi 2-chome,Chiyoda-ku, Tokyo, Japan
Attachments
Original document
Permalink
Disclaimer
Acom Co. Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 06:42:15 UTC.
Acom Co Ltd is a Japan-based company mainly engaged in loan and credit card business, credit guarantee business, overseas financial business, debt management and collection business. The Company operates in four business segments. The Loan and Credit Card segment provides the unsecured loan business and the credit card business with MasterCard as the main product. The Credit Guarantee segment is engaged in credit guarantee business. The Overseas Financial segment includes unsecured loan business in Thailand and the Philippines, installation loan business in Thailand (individual credit purchase brokerage business), and banking business in Indonesia. The Debt Management and Collection segment provides servicer business including debt management and collection business. The others include contracting a contact center and dispatching human resources business.