Simuang Group
| Type | Private conglomerate |
|---|---|
| Industry | Civil engineering, construction, renewable energy, and finance |
| Key people | Mr. Ekaphanh Phapithack (Chairman) |
| Subsidiaries |
|
Simuang Group (also spelled Simueang Group) is a business group based in Vientiane, Laos. Its interests include banking, insurance, lending and electricity generation.[1]
History
[edit]In October 2012, Simuang Group acquired Joint Development Bank (JDB), which had previously been owned by Thai investors. The acquisition resulted in JDB becoming a privately owned Lao bank.[2] A 2026 filing with the Stock Exchange of Thailand identified Simuang Group Sole as wholly owned by Ekaphanh Phapithack and stated that the group, together with a related shareholder, held 88.61% of JDB as of 3 April 2026.[3]
Business activities
[edit]The group's associated companies have included Vientiane Insurance, Simuang Express Loan, Simuang Power and several hydroelectric power companies. A 2023 regulatory filing also listed Bitqik, a digital-asset trading platform in Laos, among companies associated with SMG Group.[1]
References
[edit]- 1 2 "Information Memorandum concerning the acquisition of SMG Group" (PDF). Stock Exchange of Thailand. 18 May 2023. Retrieved 28 September 2026.
- ↑ "JDB to Launch Transaction App for Smartphones". KPL (Lao News Agency). 3 January 2017. Retrieved 28 September 2026.
- ↑ "Notification of Information Disclosure Regarding Connected Transaction" (PDF). Stock Exchange of Thailand. 13 May 2026. Retrieved 28 September 2026.
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