Simuang Group (also spelled Simueang Group) is a business group based in Vientiane, Laos. Its interests include banking, insurance, lending and electricity generation.
History 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. 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.
Business activities 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.
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