Storage Warehouse Service

SST Warehouse Co., Ltd

Whereas warehouse business has limitations in its operation, for instance, deposit only for goods or renting of warehouse at certain part and official permission first before renting out or in investment that is under many limits and prohibitions, forcing the company to be unable to expand or put money into other business at actual economic conditions or at the companyโ€™s capacity. Therefore, the company decided to dissolve licensed warehouse business and establish a subsidiary, SST Warehouse Co., Ltd., to operate warehouse business instead since October 2009. After the company has dissolved the licensed warehouse business, it has still operated marine wharf business, leasing space of warehouse, stock management and document storage service.

SST Warehouse Co., Ltd., was established on July 10, 2009 with the registered and paid up capital is 5,000,000 Baht. SST warehouse Co., Ltd., has operated under the Notification of the Ministry of Commerce on Imposition of Conditions Controlling Warehouse Business B.E. 2535, that imposes the board of directors shall hold the companyโ€™s share not less than one fifths of the registered shares. With legal conditions as such, the company cannot hold shares in its subsidiary in full 100% but only 80%, and so our directors have to hold the other 20% in the subsidiary. Therefore, the directors from holding company become board of directors in the subsidiary and the control is under the holding company indirectly. SST Warehouse Co., Ltd., has operated licensed warehouse with its main objective in depositing of goods with remuneration or benefits.

Our warehouse can provide service for the deposit of crops and agricultural products to be exported, for instance, rice, coffee bean, maize, sugar, etc. and deposit of general goods produced and in circulation in the country, for instance, liquor, air-conditioner, car tire and other agricultural products 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.