SCB X Public Company Limited (SET: SCB) has announced the resolution of its Board of Directors’ meeting held on September 12, 2024, approved Siam Commercial Bank Public Company Limited (The Bank), a subsidiary of SCBX, to invest in units of the Vayupak 1 Mutual Fund (VAYU1) with an investment value of Baht 9,234 million.
SCB’s Board of Directors viewed that Vayupak 1 Mutual Fund is a mutual fund established to restore and strengthen investor confidence. The Bank’s investment supports government policies designed to stimulate the capital market conditions in the country. Therefore, it cannot be compared to transactions involving other mutual funds that do not involve related parties. However, investments in Vayupak 1 Mutual Fund will generate returns, such as dividends, similar to those from typical mutual funds.
