History
Sub Sri Thai Public Company Limited was previously called Sub Sri Thai Warehouse Company Limited thatwas established in 1976 with the registered capital of Baht 2 million. Its business objective was to operate warehouse business with license from the Ministry of Commerce, by issuing warehouse receipt for evidence and the depository can do Packing Stock with a commercial bank for the guarantee on loan with other finance institutions and deposit of goods imported from abroad, for instance, chemical fertilizer, wheat, animal food mix, etc. including the goods in Trust Receipt with a commercial bank or in guarantee on loan from other finance institutions.
It is apparent that the warehouse service is significant factor in financial business and there is a trend that the demand for a warehouse with a wharf is ever increasing due to the rising volume of agricultural and industrial products in the country or of those imported for local consumption. The Governments policy to guarantee the floor prices of agricultural products has helped stimulate the demand for the warehouse to grow quickly. Therefore, we want to meet this increasing demand by preparing the construction of warehouses and wharfs along the Chaophaya River on the area about 43-Rai land on Suksawat Road, Bang Chak sub-district , PhraPradaeng district of SamutPrakan province since the end of 1980 and we also expanded one more warehouse and document center at SoiSuksawat 76. SamutPrakan province. At present we have already expanded our business by investing many businesses, for instance, vegetable oil business, food business at over 2,500 million baht with details as following:
The Annual General Meeting of Shareholders for the year 2018, hold on April 26, 2018, has significant resolved as follows:
1. Approved the decrease of the Companys registered capital from 704,431,290 Baht to 455,807,823 Baht by reducing the number of remaining shares from the ordinary shares reserved for stock dividend payment in total of 660 shares and ordinary shares reserved for the increase of registered capital under a General Mandate which have been not allocated in year 2017 in the whole amount of 248,622,807 shares, totally 248,623,467 shares at a par value of 1 Baht per share totaling of 248,623,467Baht.
2. Approved the issuance and offering of warrants No. 2 (SST-W2) to purchase ordinary shares of the Company to the existing shareholders of the Company not exceeding 30,387,188 units according to the proportion of their shareholding at Offering Price Baht 0 (zero Baht). Allocation to the existing shareholders of the Company is at the ratio of 15 existing ordinary shares for 1 unit of the Warrants. Exercise price will be at Baht 10 per one newly issued ordinary share. Term of the Warrants is 3 years.
3. Approved the increase of register capital of the Company from Baht 455,807,823 to Baht 759,679,703 by issuing new ordinary share in total 303,871,880 shares at a par value of Baht 1 per share in order to accommodate the exercise of warrant to purchase the ordinary shares of the Company No. 2 (SST-W2) 30,387,188 shares and to accommodate the capital increase under a General Mandate 273,484,692 shares
As of May 24, 2018, the company's registered capital and paid-up capital are as follows:
SST Retirement Management Co., Ltd. has been received the REIT Manager license from the Securities and Exchange Commission (SEC) on 1st December 2017 to act as the manager of REIT Manager.
Resolved to approval the lease extension of the Land and Building Lease Agreement (Sub Sri Thai Smart Storage Project)
Establish a new subsidiary of the Company name SST REIT MANAGEMENT CO., LTD.
Mudman Public Company Limited ("MM") has issued and offered newly issued ordinary shares to the general public (IPO) of 210,980,750 shares, and the ordinary
shares of MM has listed on the Market for Alternative Investment (mai) on April 11, 2017.
Approved the increase of the Company s registered capital from 414,371,348 Baht to 704,431,290
Terminated the Exclusive License Agreement for Thailand of brand COVA.
Approved the increase of the Company s registered capital from 376,701,973 Baht to 640,393,352 Baht
Greyhound Caf? Co. , Ltd. , the indirect subsidiaries which the Company owns by holding shares through Mudman Co. , Ltd. 80. 33%, had invested in a new set up company in UK namely, GHC CAFE (UK) Co. , Ltd. which 100% of shares held by Greyhound Caf? Co., Ltd. Registered Capital GBP 200,000 (Par GBP 1 with 200,000 ordinary shares)
approve the plan to increase its capital and offer the newly issued ordinary shares of Mudman Public Company Limited (MM), to the general public and subsequently list its ordinary shares on the Market for Alternative Investment (MAI).
Appointment Mr. Surapong Paisitpatnapong as the Chairman of the Audit and Corporate Governance Committee
New shareholding structure (the new capital of 5,000,000.00 Baht (five million baht)).
Sub Sri Thai Plc. holds 49,998 shares valued 4,999,800 Baht (99.9960% of the share capital)
Mr. Supasith Sukhanindr holds 1 share valued 100 Baht (0.0020% of share capital)
Mr. Pilanchai Pradubphong holds 1 share valued 100 Baht (0.0020% of share capital)
Resolved in appointing Mr. Supasith Sukhanindr as the Managing Director.
Approved the increase of the Companys registered capital from 282,527,203 Baht to 546,219,257 Baht
The Stock Exchange of Thailand transferred the business of Sub Sri Thai Public Company Limited from services, transportation & logistics group to agro & food industry and food & beverage group as of July 2, 2013 in order to reflect a clear core business. In 2012, Sub Sri Thai Public Company Limiteds income structure changed since the majority of the income (74%) was derived from food and beverage industry.
As of May 20, 2013, the company has increased its registered paid-up capital from stock dividend 45,204,288 shares (remaining shares from reserving for stock dividend payment 188 shares). Therefore, the company's registered capital and paid-up capital are as follows: Registered capital: 334,513,122.00 Baht Paid-up Capital: 226,022,192.00 Baht
The Annual General Meeting of Shareholders for the year 2013, hold on April 22, 2013, has significant resolved as follows:
Through the running of business with continual profits and with business expansion, it has supported the company to have outstanding growth, making Sub Sri Thai Public Limited Company to pass the selection by Forbes Asia to be in the Best 200 SMEs in Asia Pacific or Asia's 200 Best Under a Billion for 2012* from 15,000 companies in 15 countries in Asia Pacific region (there are 6 Thai Listed Companies selected by Forbes Asia magazine), under the criterion a company to be listed in Asia's 200 Best Under a Billion shall have its income during the year between 5-1,000 US million dollars and its performance with net profit and a listed company from one year up with growth rate in sales and total profits including shareholders return in outstanding for last 12 months and last three years.
For more detail please see on www.forbes.com/companies/sub-sri-thai/
The Company has adjusted the shareholders structure in subsidiaries by approving the sale of shares in ABP Caf? (Thailand) Co., Ltd., and Golden Donuts (Thailand) Co., Ltd., held by the Company at the proportion of 59% to Mudman Ltd., a subsidiary that the Company has its shares at 100%, making Mudman Ltd., to hold shares in ABP Caf? (Thailand) Co., Ltd., and Golden Donuts (Thailand) Co., Ltd., at the proportion of 100% to enhance the management with more flexibility.
And the Company has increased capital in Mudman Ltd., by buying additional shares in Mudman Ltd., at 2,632,500 shares at 100 baht per share for 263,250,000 Baht, and after the increase Mudman Co., Ltd., has its increased registered capital from 75,000,000 Baht to be 338,250,000 Baht and on August 27, 2012 it has registered to reduce capital to be at 300,000,000 Baht by reducing the preferential share at 382,500 shares at the par value at 100 Baht.
The Company establishment of indirect subsidiary, Golden Scoop. Co., Ltd., which has been established by Mudman Ltd., a direct subsidiary that SST holds 100% of fully paid-up capital. Golden Scoop. Co., Ltd., established on 1 June 2012 at the registered capital of 5,000,000 Baht operating business in production, import and sale of icecream, baked snacks and foodsby July 4, 2012, it purchased of rights and properties in operating distribution business of ice cream under the Baskin-Robbins brand from Big Scoop Co., Ltd., in June 2012.
As of May 28, 2012, the company has increased its registeredpaid-up capital from stock dividend 30,136,018 shares (remaining shares from reserving for stock dividend payment 360 shares). Therefore,the company's registered capital and paid-up capital are as follows:
The Annual General Meeting of Shareholders for the year 2012, hold on April 30, 2012, has significant resolved as follows:
The Company establishment of indirect subsidiary, Thai Livestock Promotion Co., Ltd., which has been established by Industrial Enterprises Co., Ltd., a direct subsidiary that SST holds 99.9995% of fully paid-up capital. Thai Livestock Promotion Co., Ltd., established on February 29, 2012 at the registered capital of 1,000,000 Baht operating business in import and export and trading of agricultural crops and products including soya bean, sunflower meal, seed cotton and raw materials for the production of all animal foods.
The Extraordinary General Meeting of Shareholders No. 1/2012 has approved the Companys acquisition of assets by purchasing shareholding in Mudman Limited., ABP Caf? (Thailand) Co., Ltd., and Golden Donuts (Thailand) CO., Ltd., (together as the Targets) for 1,320 million Baht. As of January 31, 2012, the company has increased its registeredpaid-up capital from 121,000,000 Baht to150,681,886Baht due to there are warrant holders exercise their rights of29,681,886units, equivalent to29,681,886shares. Therefore,the company's registered capital and paid-up capital are as follows: Registered capital: 151,250,000.00 Baht Paid-up Capital: 150,681,886.00 Baht
The Company has invested in Industrial Enterprises Co., Ltd, (Tip) and the company hold shares 99.99%
The company decided to dissolve licensed warehouse business and establish a subsidiary, SST Warehouse Co., Ltd. to operate warehouse business instead since October 2009.
Increased the registered capital from 121 million Baht to 151,250,000 million Baht
The Company is Thailand's first and only document storage and management specialist using the Automated Storage Retrieval System.
Constructed warehouse III consisting of 8 warehouses on land of over 17 rais situated on Suksawat Road, Soi 76, total capacity 14,154 Square meters and the Company aim to develop world-class automated document storage retrieval technology.
Document Storage Service is certified with quality standard ISO 9001
The Company has proceeded to change its paid registered capital from 110 million Baht originally to be at 121 million Baht.
Increased its registered capital from Baht 110,000,000 to Baht 121,000,000 in order to support Short Warrants (paid up capital: 110 million Baht)
Started providing off-site archives storage to serve government and private organization.
Constructed a big new wharf and 5 warehouses, total space of 6,035 Square meters connected to the existing warehouse I on Suksawat Road, Soi 49 with investment amount 75 million Baht.
Constructed Warehouse II which consisted of 14 godowns on the land of over 25 rais situated on Suksawat Road, Soi 76 that was far from warehouse I 2.7 kilometers, total capacity 24,528 Square meters.
Increased the registered capital from 30 million Baht to 110 million Baht (fully paid up) in order to expand warehouse.
Listed company in The Stock Exchange of Thailand.
Started operation on business warehouse and wharf with awarding the investment promotion from the Board of Investment (BOI)
Increased the registered capital to 80 million Baht (fully paid up) and constructed 25 warehouses with a wharf on the land of over 43 rais situated on Suksawat Road, Soi 49, total capacity 39,790 Square meters.
Head office:
115,115/7-10 Village No. 6, Soi Suksawat 76, Bangjark,
Phrapradang, Samutraprakarn.
Bang Chak Subdistrict Phra Pradaeng District Samut Prakan Province Bangkok 10130
Tel. 0-2318-5514-5
Warehouse 1 & Wharf :
71, 71/1-9 Mhoo 1, Soi Suksawat 49, Suksawat Rd., Bangjark,
Phrapradang, Samutraprakarn.
Tel. 02-463-4280-5, 02-4626325
Warehouse 2-3 & Documentary Warehouse:
115 Mhoo 6, Soi Suksawat 76, Suksawat Rd., Bangjark,
Phrapradang, Samutraprakarn.
Tel. 02-463-0127, 02-464-1502-9
Contact :
E-Mail : sst@subsrithai.co.th
Tel : 0-2318-5514-5
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