Chailease Berjaya Finance Corporation

About Chailease Berjaya Finance Corporation

Chailease Berjaya Finance Corporation is a joint venture company established by Chailease group and Berjaya group. China Leasing Company was established in 1977 and merged with CITC Company in 1995, later changing its name to Chailease Finance CO., Ltd. (CFC). CFC began its Continuous Quality Improvement (CQI) project in 1999 for better competitiveness and Standard Operating Procedure (SOP) enhancement. In Thailand, through a joint venture with Bangkok Bank, leasing and installment sales were offered to the Taiwan Business community in Thailand to obtain manufacturing machinery and equipment. In 1992, BGPL acquired Asia Sermkij Leasing Public Company (ASK), which specializes in installment sales for automobiles and personal loans. In 2004, ASK's shareholding structure was recognized, and ASK became BGPL's parent company. ASK went public in Thailand on August 25, 2005, and currently has 13 branches and 9 outlets. In 2012, Chairman Mr. Chen was awarded the K.T. Lee Administration Medal by the Chinese Management Association. After re-engineering, with an excellent management team, CFC continued to achieve substantial sales growth, and the net income before tax for 2012 accounted for NTD 3.9 Billion. Moreover, the total assets achieved NTD 61.3 billion. In the future, CFC will not only commit to realizing the company vision but also assist the association in facilitating the Finance Company Act's approval and improving Taiwan's financial market mechanisms to enlarge the business scope and create new business opportunities in the leasing industry. Chailease Leasing Company has already branched out into parts of Southeast Asian countries like Thailand, Malaysia, Vietnam, China, and the Philippines.