Company Information

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 Government’s 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:

Timeline

• 2023

• Annual General Meeting of Shareholders

  April 2023

  2023 Annual General Meeting of Shareholders on 2 6 April 2023 has considered and approved important matters as follows .

  1. Appointment of 2 new directors

  • General Thanchaiyan Srisuwan, Director and Independent Director
  • Mr. Udom Tangmanasakul Director and Independent Director

  2. Appointment of Chairman of the Company's Board of Directors
  The Company has appointed General Thanchaiyan Srisuwan to hold the position of Chairman of the Board of Directors/Independent Director and Mr. Suraphong Paisitpattanaphong holds the position of Vice Chairman of the Company's Board of Directors. and appointed Mr. Udom Tangmanasakul to hold the position of Audit Committee. Because he is a person who has knowledge in financial accounting. It will be effective from the date the shareholder meeting resolved to approve the appointment of the two new directors.

  3. Amend the company's regulations, totaling 11 items, including item 3 , item 30 , item 31 , item 32 , item 33 , item 46 , item 47 , item 48 , item 49 , item 51, and item 64 to be consistent with the Public Limited Companies Act.

• company opened the House of Tin Baron restaurant.

  September 2023

  In September 2023, the company opened the House of Tin Baron restaurant. It is a traditional and contemporary Southern Thai restaurant, mixed with local ingredients, located on Satun Road, Phuket Province that isnot far from Phuket Old Town.

• 2022

• The Annual General Meeting of Shareholders

  April 2022

  The Annual General Meeting of Shareholders for the year 2022, hold on April 27, 2022, has significant resolved as follows:

  1. Approved the decrease of the Company’s registered capital from Baht 835,037,850.00 to Baht 526,456,550.00 by reducing the registered ordinary shares remaining from the allocation of 308,581,300 shares at a par value of Baht 1 per share

  2. Approve the increase of the Company’s registered capital from Baht 526,456,550.00 to Baht 842,330,480.00 by issuing 315,873,930 newly ordinary share at the par value Baht 1.00 per share to reserve for allocation of the newly issued ordinary under the General Mandate 315,873,930 shares

  3. Amendment to Article 44 of the Company's Articles of Association regarding the Directors authorized to sign to bind the Company in order to increase the flexibility in managing the general management of the Company. The Chief Executive Officer and Managing Director shall have the authority to sign a contract or any other juristic act relating to or for the benefit of the Company's business operations.

• The company's registered capital

  May 2022

  On May 11, 2022, the company has already registered the capital increase. Therefore, the company has registered capital and paid-up capital as follows:

  • Registered capital: 842,330,480.00 Baht
  • Paid-up capital: 526,456,550.00 Baht

• The Company has changed the Company's head office

  May 2022

  The Company has changed the Company's head office address;

  • The previous address 2044/25-27 New Petchaburi Road, Bangkapi Sub-District, Huaikhwang District , Bangkok 10310 Thailand
  • The new address 206, Plaza Building, 4th Floor, Soi Pattanakarn 20, Suan Luang Sub-District, Suan Luang District, Bangkok 10250 Thailand

• The Board of Directors' Meeting

  June 2022

  The Board of Directors' Meeting No. 6/2022 held on June 15, 2022 had resolved to;

  1. Sale of assets as land of 4 rai 1 ngan 68.9 square wa and 4 document storage warehouses, no. 36, 37, 38, 39, totaling space of 7,000 square meters, to Sub Sri Thai Real Estate Investment Trust (“SSTRT REIT”)

  2. Lease back of assets that were sold to SSTRT

  3. Subscription for newly issued trust units for the 1st additional investment of SSTRT REIT

• The Board of Directors' Meeting

  November 2022

  The Board of Directors' Meeting No. 8/2022 held on November 11, 2022 had resolved to pay interim dividends at the rate of 0.015 baht per share, paid from retained earnings and the said interim dividends was paid on December 9, 2022.

• Company has registered the transfer of the ownership

  December 2022

  On December 29, 2022, the Company has registered the transfer of the ownership of assets which were sold to SSTRT REIT as approved by the Board of Directors on June 15, 2022 in the amount of 190,000,000 baht (one hundred and ninety million baht) and the company has subscribed for additional trust units trust units to the capital increase of SSTRT REIT. Therefore, as of December 30, 2022, the Company and its subsidiaries hold SSTRT trust

• 2021

• Annual General Meeting of Shareholders for the year 2021

  April 2021

  The Annual General Meeting of Shareholders for the year 2021, hold on April 27, 2021, has significant resolved as follows:

  1. Approved the decrease of the Company’s registered capital from Baht 808,297,965 to Baht 808,297,224 by reducing the ordinary shares reserved support the payment of dividends into ordinary shares of741shares at a par value of Baht 1 per share

  2. Approved the extension of allocation of the newly issued ordinary shares under the General Mandate which will be due at the Annual General Meeting of Shareholders for the year 2021, of not exceeding 273,484,692 shares at par value of Baht 1 per share, with conditions for the allocation and delegation to the Board of Director are following the approval of the 2020 Annual General Meeting of shareholders on April 28,2020, in all respects.

  3. Approve the increase of register capital of the Company in the amount of 26,740,626 Baht from the original registered capital of Baht 808,297,224 to Baht 835,037,850 by issuing 26,740,626 newly ordinary share at the par value Baht 1.00 per share to reserve for allocation of the newly issued ordinary share of the Company as follows:

  • Allocate of shares in the amount of not exceeding 25,069,393 shares at par value of Baht 1.00 per share to support stock dividend payment.
  • Allocate of shares in the amount of not exceeding 1,671,233 shares at par value of Baht 1.00 per share to support the adjustment of the rights to purchase ordinary shares of the Company No. 2 (SST-W2)

• approve the increase of the Company’s

  May 2021

  The Annual General Meeting of Shareholders for the year 2021 of the Company, which was held on April 27, 2021,

  The Annual General Meeting of Shareholders for the year 2021 of the Company, which was held on April 27, 2021, had the resolved to approve the increase of the Company’s registered capital by allocating the newly issued ordinary shares of the Company for stock dividend. The dividend payment as stock dividend will cause the Company to adjust the Exercise Price and Exercise Ratio of Warrants to purchase ordinary shares of Sub Sri Thai Public Company Limited No. 2 (SST-W2). Since the condition of the rights as set forth in Clause 2.3 Conditions for rights adjustment, 2.3.1 (d) stated that “The Company pay all or part of dividend in form of ordinary shares to the Company’s shareholders. The change of the Exercise Price and the Exercise Ratio shall be effective immediately from the first date that the buyer of ordinary shares shall not have rights to receive stock dividend (the first date that post XD sign)

• Allocate common shares for dividend payment as common shares.

  May 2021

  After the allocation of ordinary shares for stock dividend payment, the ordinary shares that 25,068,572 shares can be allocated which on May 21, 2021, the company's registered capital and paid-up capital are as follows:

  • Registered capital: 835,037,850 Baht
  • Paid-up capital: 526,456,436 Baht

• Expired Warrants to purchase the Company's ordinary shares

  September 2021

  Warrants to purchase the Company's ordinary shares No. 2 (SST-W2) expired on September 30, 2021. It appears that 100 units of warrants were exercised, converting to 114 shares at a par value of 1 baht, making the company's paidup capital to 526,456,550 Baht

• There was a resolution to appoint

  November 2021

  The Board of Directors Meeting No. 5/2021, hold on November 12, 2021, resolved to appoint Mr. Krittinart Isarangkura as the Company's director. and appointed Mrs. Patcharee Boonnak as the corporate secretary instead of Miss Limly Thipphongpraphas who resigned with effect from December 1, 2021

• 2018

• The Annual General Meeting of Shareholders

  April 2018

  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 Company’s 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

• The company's registered capital

  May 2018

  As of May 24, 2018, the company's registered capital and paid-up capital are as follows:

  • Registered capital: 759,679,703 Baht
  • Paid-up capital: 455,807,823 Baht

• 2017

• REIT Manager

  December 2017

  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 approve The Board of Directors Meeting No. 5/2017

  October 5, 2017

  Resolved to approval the lease extension of the Land and Building Lease Agreement (Sub Sri Thai Smart Storage Project)

• Resolved to approve The Board of Directors Meeting No. 4/2017

  September 28, 2017

  Establish a new subsidiary of the Company name SST REIT MANAGEMENT CO., LTD.

• Resolved to approve the acquisition of assets and connected transactions.

  28 September 2017

  • To enter the 30-year land and buildings lease agreement for the land title deed no.1475, parcel no. 278, dealing file no. 279, located on Satun Road, Talat Yai Sub-District, Amphoe Muang Phuket, Phuket with total area of 8 rai 1 ngan 31 square wah with 2 floors single buildings totaling value of Baht 132.72 million with Mr. Supasith Sukhanindr who is Chairman of the Board of Executive Director, Chief Executive Officer and President, a major shareholders.
  • To develop the existing building and construction 4-5 star hotel project, with 62 rooms, named “House of Tin Baron” on such land. The total construction cost is Baht 280 million (the hotel’s investment is approximately Baht 250 million and the hotel’s investment is approximately Baht 30 million).

• Changing the Company's Registered Capital

  May 19, 2017

  • Registered capital: 704,431,290 Baht
  • Paid-up capital: 455,807,823 Baht

• Mudman Public Company Limited is listed its in the Market for Alternative Investment (“MAI”)

  April 2017

  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.

• Changing the Company's Registered Capital

  April 27, 2017

  Approved the increase of the Company’ s registered capital from 414,371,348 Baht to 704,431,290

• 2559

• Resolution of the Extraordinary General Shareholders’ Meeting of Golden Gourmet Company Limited

  May 2016

  Terminated the Exclusive License Agreement for Thailand of brand “COVA”.

• Increased its registered paid-up capital

  May 19, 2016

  • Registered capital: 640,393,352 Baht
  • Paid-up capital: 414,371,348 Baht

• Approved the increase of the Company’ s registered capita

  April 26, 2016

  Approved the increase of the Company’ s registered capital from 376,701,973 Baht to 640,393,352 Baht

• Set up company in UK namely, GHC CAFE (UK) Co. , Ltd.

  March 2016

  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)

• Approval the plan the offering newly issued ordinary shares of Mudman Public Company Limited to the general public (IPO)

  March 2016

  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”).

• Changed the position of Chairman of the Audit and Corporate Governance Committee

  March 2016

  Appointment Mr. Surapong Paisitpatnapong as the Chairman of the Audit and Corporate Governance Committee

• Restructuring of shareholding in the SST Warehouse Co. , Ltd.

  February 2016

  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)

• 2558

• Resolution of The Board of Directors’ Meeting No. 3/2015

  September 9, 2015

  Resolved in appointing Mr. Supasith Sukhanindr as the Managing Director.

• Changed the registered and paid-up capital

  May 21, 2015

  • Registered capital: 546,219,257 Baht
  • Paid-up capital: 376,701,973 Baht

• The Annual General Meeting of Shareholders for the year 2015, hold on April 21, 2015, has significant resolved

  April 21, 2015

  Approved the increase of the Company’s registered capital from 282,527,203 Baht to 546,219,257 Baht

• 2013

• Transferred the Business

  2 July 2013

  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 Limited’s income structure changed since the majority of the income (74%) was derived from food and beverage industry.

• Paid-up Capital

  20 May 2013

  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

  April 2013

  The Annual General Meeting of Shareholders for the year 2013, hold on April 22, 2013, has significant resolved as follows:

  • Approved the decrease of the Company’s registered capital from 271,227,395 Baht to 180,817,904 Baht by reducing the number of remaining shares from the ordinary shares reserved for stock dividend payment in total of 360 shares and ordinary shares reserved for the increase of registered capital under a General Mandate which have been not allocated in the whole amount of 90,409,131 shares, totaling of Baht 90,409,491 at a par value of Baht 1 per share.
  • Approved the increase of the Company’s registered capital from Baht 180,817,904 to Baht 334,513,122 by issuing new ordinary share in total 153,695,218 shares at a par value of Baht 1 per share in order to support stock dividend payment 45,204,476 shares and to support the increase of registered capital under a General Mandate 108,490,742 shares

• 2012

• Best Under a Billion for 2012

  August 2012

  

  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 shareholder’s return in outstanding for last 12 months and last three years.

  For more detail please see on www.forbes.com/companies/sub-sri-thai/

• Restructuring of shareholding

  June 2012

  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.

• Increased its Registeredpaid-up Capital

  28 May 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:

  • Registered capital: 271,227,395.00 Baht
  • Paid-up Capital: 180,817,904.00 Baht
• Approve Major Issues

  April 2012

  The Annual General Meeting of Shareholders for the year 2012, hold on April 30, 2012, has significant resolved as follows:

  • Approved the decrease of the Company’s registered capital from 151,250,000 Baht to 150,681,886 Baht by reducing the number of remaining shares from the ordinary shares reserved for allotment of Warrants to existing shareholders in total of 568,114 shares at a par value of Baht 1 per share, totaling of 568,114 Baht.
  • Approved the issue of the new ordinary shares at the amount of 30,136,378 shares to support stock dividend payment at rate of 5 (five) existing shares per 1 (One) stock dividend
  • Approved the increase of the Company’s registered capital under General Mandate by issuing the new ordinary shares at the amount of 90,409,131 shares. However, the Company has not allocated in the whole amount in the year 2012. From the approve the company's registered capital and paid-up capital as of 10 May 2012 was: Registered capital: 271,227,395.00 Baht Paid-up Capital: 150,681,886.00 Baht
  • Approved the Employee Joint Investment Program of Sub Sri Thai Plc. No. 2 "EJIP" whit details shown in Employee Joint Investment Program: “EJIP” page 75.
• Establishment of Indirect Subsidiary, Thai Livestock Promotion Co., Ltd.,

  February 2012

  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.

• Expand Business

  January 2012

  The Extraordinary General Meeting of Shareholders No. 1/2012 has approved the Company’s 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

• 2011

• Invested in Industrial Enterprises Co., Ltd,

  The Company has invested in Industrial Enterprises Co., Ltd, (Tip) and the company hold shares 99.99%

• 2009

• SST Warehouse Co., Ltd.

  October 2009

  

  The company decided to dissolve licensed warehouse business and establish a subsidiary, SST Warehouse Co., Ltd. to operate warehouse business instead since October 2009.

• 2008

• Increased the Registered Capital

  November 2008

  Increased the registered capital from 121 million Baht to 151,250,000 million Baht

• 2007

• Automated Storage Retrieval System

  The Company is Thailand's first and only document storage and management specialist using the Automated Storage Retrieval System.

• 2005

• Constructed warehouse III

  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.

• 2000

• Quality Standard ISO 9001

  Document Storage Service is certified with quality standard ISO 9001

• 1997

• Proceeded to Change its Paid Registered Capital

  February 1997

  The Company has proceeded to change its paid registered capital from 110 million Baht originally to be at 121 million Baht.

• 1996

• Increased its Registered Capital

  April 1996

  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)

• 1995

• Started Providing off-site Archives Storage

  Started providing off-site archives storage to serve government and private organization.

• 1994

• Warehouse II and New Wharf

  • The Company was registered its conversion into a public company limited on June 9, 1994,
  • Open and operation business on warehouse II and new wharf

• 1993

• Constructed a Big New Wharf

  November 1993

  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.

• 1992

• Warehouse II

  October 1992

  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.

• 1991

• เพิ่มทุนจดทะเบียน

  April 1991

  Increased the registered capital from 30 million Baht to 110 million Baht (fully paid up) in order to expand warehouse.

• 1987

• The Stock Exchange of Thailand

  August 1987

  Listed company in The Stock Exchange of Thailand.

• 1983

• Started Operation on Business Warehouse and Wharf

  January 1983

  Started operation on business warehouse and wharf with awarding the investment promotion from the Board of Investment (BOI)

• 1981

• Beginning

  October 1981

  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.