AIRA Factoring Public Company Limited (“AF” or “the Company”), formerly known as Dhanamitr Factoring Public Company Limited was incorporated on January 6, 1997 with a registered capital of 20 million Baht through a joint venture between Central Retail Corporation Limited, holding 50%; the Siam Commercial Bank Public Company Limited group, holding 38% and another 12% by minor shareholders. The objective of the Company is to provide factoring services. On March 2, 2004, the company registered from limited company to public limited company and consequently registered into the Market for Alternate Investment (mai) in August 2004. Listing the Company on the mai allowed the company to issue an additional 4 million shares, equivalent to a total share capital of 100 million Baht composed of 20 million ordinary shares.
Then, on February 25, 2011, two of the major shareholders; the Chirathivat Group and Siam Commercial Bank Public Company Limited group had disposed of the Company’s shares to AIRA Capital Public Company Limited. in the total amount of 11,470,200 shares or 57.35% of total issued and paid-up shares of the Company. On September 2011, the Company had raised its registered capital from 100 million Baht to 200 million Baht and registered the change of the Company name from “Dhanamitr Factoring Public Company Limited” to “AIRA Factoring Public Company Limited”.
Additionally, on the August 25, 2015, the Company altered the value of the Company’s share by splitting the value from 5.00 Baht per share to 0.25 Baht per share. During the same year on September 30, 2015, the Company increased the registered capital from 200 million Baht to be 400 million Baht composed of 1,600 million ordinary shares.