Thai beauty expand to London Stock Exchange
Slimconcept is signing MOU to prepare for the AIM stock market
Ms. Punnapa Techarojkul, the Chief Executive Officer of Slim Concept Corporation Company Limited (SCC) and the executive of the leading health and beauty business under the name of Slim Concept and Mariza Clinic, said that although the overall market and the economy are in a downturn, it is expected that the existing health and beauty-related businesses are still growing according to their targets. They are slightly affected because the main target group is not tourists, but it is the domestic customer group that is interested in the beauty and wellness concepts and has enough purchasing power. Regarding the health and beauty investment, it is the important trend for the new generation and the main target group that wants to be more successful in career and business by focusing on the image of health and beauty.
However, with regards to the business operations, SCC have planned to expand the market in the long term amid the disruption era in order to turn the crisis into opportunities by opening an online marketplace selling health and beauty products and services and selecting branded quality products with standards guaranteed by health and beauty experts to build confidence for consumers. It should be launched at the end of the year 2021. The Company realizes that the marketing with the creation of its own marketplace platform will enable markets to be expanded anywhere nationwide and worldwide. In addition, it also sees the potential of foreign market growth in the Middle East, such as Bahrain, where the market has already been penetrated, and in the UAE. With this plan, we must therefore seek cooperation with foreign partners.
Recently, the Company entered into a memorandum of agreement with WH Ireland Ltd., a Nominated Advisor and U.K. Regulator, which is the financial expert and advisor for the British listed companies, to guide SCC to be listed and promote financial strength so that they can study, comply with suggestions, and lead the Company to raise funds in the London Stock Exchange. Regarding the Alternative Investment Market (AIM), an equity market for small businesses in the UK, it is expected that a clear plan will be announced after officially raising funds from the market within the last quarter of 2020.