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  Having recently acquired 48 per cent of KTBS, SEAMICO and Kung Thai Bank have finalized the terms of integrating their brokerage and capital market operations into a single unit. KTBS will increase paid up capital Bt1 billion from Kung Thai Bank and SEAMICO. SEAMICO will receive up to Bt500 million from KTBS for its securities business.

 In addition, KTBS will acquire performing margin loan portfolio from Seamico by using Kung Thai Bank loan and will be re-branded as KT-ZMICO. The official announcement will be made   after the approval by shareholders.

 Chaipatr Srivisarvacha , Executive Chairman & CEO, Seamico Securities, stated "Our partnership with Krung Thai Bank is truly a 'win-win' outcome. Krung Thai Bank will provide the new venture with support on funding, distribution and client base; SEAMICO will provide management and operational support in research, back office, online broking, sales and investment banking."

 Chaipatr added " Subsequent to the re-organization, SEAMICO will be an Investment Holding Company, promoting value-added capital market transactions; and holding 50 per cent of KT-ZMICO and 100 per cent of our Asset Management Business. Seamico will become an "opportunity creation" platform so that new investments can be seeded, repackaged and sold through its distribution subsidiaries."