APF International Co., Ltd., which is a registered company in Thailand, bought 100% of the common stocks of Advance Insurance Co. Ltd. The Company’s name was changed to APF International Insurance Co. Ltd. (APFII).
According to Mr. Konoshita, APF will provide assistance to APFII through a management team with experience. IT assistance will be provided by Group Lease Plc. (GL). There will be financial, legal, and professional investment management assistance through United Asset Management Co. Ltd. (UAM) and United Securities Plc., as well as other kinds of support from all affiliates. APF has also prepared a billion baht fund to expand APFII’s business. This will finally make APFII a leading insurance company.