Page 26 - ACC One Report 2567-En

Major Changes and Developments
Year 1987
• The company was founded by the Tai family which is a capital group from Taiwan to operate a distribution business ceiling fan.
Year 1993
• The company was registered as a public limited company on May 31, 1993 and became a listed company on the Stock Exchange of Thailand.
Year 2010
• The company sells land and factory buildings at 290 Moo 4, Sukhumvit Road, Phraeksa Subdistrict, Mueang Samut Prakan District, Samut Prakan Province for Murakami Ampass (Thailand) Co., Ltd.
Year 2013
• The company registered the establishment of a subsidiary company, C.E.I. (Chiang Mai) Co., Ltd. (“CEI”), to invest in the purchase of land and buildings including other assets used in the cultural center project, food and restaurants, and the Lanna Show (Khum Khantoke) which is a food business and Lanna cultural show.
Year 2015
• On March 31, 2015, the Extraordinary General Meeting of Shareholders No. 1/2015 passed a resolution approving the reduction of registered capital from the original amount of 240,000,000 Baht to 188,300,000 Baht by canceling 51,700,000 unissued registered ordinary shares at the value par value of 1 baht per share and changed the par value from the original amount of 188,300,000 shares at the par value of 1 baht per share to 753,200,000 shares at the par value of 0.25 baht per share.
• In addition, the company has increased its registered capital from 188,300,000 baht to 300,000,000 baht by issuing 446,800,000 new ordinary shares with a par value of 0.25 baht by allocating up to 251,066,066 ordinary shares with a par value of 0.25 baht, 0.25 baht per share to be offered to existing shareholders (Right Offering) at the rate of 3 existing ordinary shares per 1 new ordinary share at a price of 0.25 baht per share and allocated 195,733,333 newly issued ordinary shares for sale to specific persons (Private Placement) at a share price of not less than 90 percent of the market price. The Company registered such capital change on March 31, 2015 and 1st and 2nd April 2015 respectively.
• On April 1, 2015, a subsidiary company (CEI) has taken assets used in Khum Khantoke business and International Convention Center, Khum Kham Building, leased to Khum Khantoke Chiang Mai (2558) Co., Ltd.
• Resolution of the Extraordinary General Meeting No. 1/2015 held on March 31, 2015. The company purchased 8,000,000 shares of W.SOLAR, at a par value of 10 baht per share, 100.00 percent of the paid-up capital of W.SOLAR as a total investment. 80,000,000 baht by purchasing ordinary shares from the Company Wyncoast Industrial Park Public Company Limited (“WIN”). Subsequently, the company was informed by WIN that it had submitted a letter to the Provincial Electricity Authority ("PEA") requesting the transfer of rights and obligations under the power purchase agreement to W.SOLAR, a subsidiary of WIN, in accordance with the terms and conditions of the agreement. PEA's consideration (The Revenue Code, Section 39). Later, WIN received a letter of amendment to the PPA from PEA, where PEA consented to transfer the rights and obligations under the PPA to W.SOLAR, an affiliated company of the electricity producer according to Section 39 (3) of the Revenue Code. But, PEA reserves the right to cancel the purchase contract with the transferee if it appears that the transferee is no longer a legally affiliated company of the power producer. The agreement to amend the contract received affects the transaction. As a result, the Company purchased ordinary shares of W.SOLAR from WIN in the amount of 3,920,000 million shares with a par value of 10 baht per share, representing 49.00 percent of the registered capital and the total number of shares sold equivalent to 39.20 million baht
Annual Report 2024 (Form 56-1 One Report)
Advanced Connection Corporation Public Company Limited
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