LH Financial Group Public Company Limited is a holding company, established under the Bank of Thailand’s notification requiring that financial institutions have to restructure the shareholding structure of the group to be in line with the consolidated supervision guideline. The company was incorporated on 22 April 2009 with the initial registered capital of Baht 100,000. The core objective is to act as the holding company of the financial business group. Land and Houses Bank Public Company Limited is the subsidiary under the solo consolidation basis and Land and Houses Fund Management Company Limited is the subsidiary of the non-solo consolidation basis.
On 27 November 2009, the Securities and Exchange Commission approved the company to offer the new securities and warrants according to the shareholding restructuring plan. On 1 December 2009, the company increased its capital by issuing the new ordinary shares to the existing shareholders of Land and Houses Bank Public Company Limited by exchanging with the existing ordinary shares of Land and Houses Bank Public Company Limited at the ratio of 1:1. Later, on 9 December 2009, the company registered the capital increase to exchange with the issued ordinary shares of the bank as paid-up shares with the Ministry of Commerce. After restructuring, the existing shareholders of Land and Houses Bank Public Company Limited became the shareholders of the company and the company held 99.99% of the paid-up share capital in Land and Houses Bank Public Company Limited.
On 10 May 2011, the Stock Exchange of Thailand received the company’s ordinary shares as the listed securities and started its first trading day under the LHBANK symbol. And on 24 April 2018, the company changed the securities symbol to LHFG.
On 22 January 2014, the company purchased 99.80% of the paid-up share capital of CIMB Securities International (Thailand) Public Company Limited and also purchased 99.99% of the paid-up share capital of CIMB Advisory (Thailand) Company Limited via CIMB Securities International (Thailand) Public Company Limited. Furthermore, on 15 January 2014, the Bank of Thailand allowed both companies to be included in the financial business group. The objective of the acquisition of stocks of the two entities is to expand the financial business of the financial business group into the area of securities business and financial advisory. Afterwards, the two companies have been renamed as Land and Houses Securities Public Company Limited and Land and Houses Advisory Company Limited, respectively.
On 1 March 2016, the company restructured the financial business group and acquired 2,999,995 ordinary shares, accounting for 99.99% of the paid-up share capital of Land and Houses Fund Management Company Limited from Land and Houses Bank Public Company Limited.
On 27 July 2017, CTBC Bank partnered with the company by acquiring 35.617% of its the paid-up share capital which is equal to the combined portion of the shares held by Land and Houses Public Company Limited and Quality Houses Public Company Limited, 21.879% and 13.738% of the paid-up share capital, respectively.
On 8 September 2021, CTBC Bank acquired more shares from minority shareholders in aggregate of 10.99% of the paid-up share capital. As a result, CTBC holds 46.61% of the paid-up share capital.