Synergetic Auto Performance (ASAP), a SET-listed car rental service operator, is planning to invest up to 2 billion baht to expand its business, saying China's reopening would provide a boost to the short-term rental car business.
Chief executive Songvit Titipoonya said China's opening from Jan 8 would positively affect the company's car rental business as the number of tourist arrivals should increase significantly.
To cash in on the growth in tourism, Mr Songvit said ASAP is preparing to invest 1.5-2 billion baht to purchase 2,000-2,500 new cars to expand its current fleet of 11,966 rental cars.
