Currently, the company offers factoring services, which are short-term loans that provide instant liquidity to a business by means of buying clients' accounts receivable, both within the country and from exports.

Other services include leasing and hire-purchase for companies, to allow them greater liquidity, so that they can remain versatile while expanding.

"IFS is an established group involved in commercial finance, credit insurance, bonds and guarantees and structured finance, as well as venture capital dealings. Incorporated in Singapore, the group is well recognised at the international level," Tan said. "The use of the name IFS for offering factoring services in Thailand reflects its expertise."

He said the move to "aggressively take on the market" was part of a plan to become the leader in factoring services and secure an SET listing by this year's final quarter.

"We're also skilled in being able to offer credit to a company within days. IFS is able to approve an application within seven to 10 days, after which it transfers up to 90 per cent of the promised amount within 24 hours," he said.

The company's new shareholding structure, combined with its existing management team, will increase its versatility and capability of developing new products and services, while maintaining its strength.

IFS Capital, the parent company of IFS Capital (Thailand), is listed on the main board of the Singapore Exchange. Its major shareholder is the PhillipCapital Group, a leading provider of financial and securities services that manages mutual funds in more than 11 countries in Europe and Asia.

IFS Capital comprises eight separate companies providing factoring services throughout Asean.