Page 17 - Thailand Post Annual Report 2024

Part 1
Overview of the Organization
Part 2
Business Trends
Part 3
Business Model
Part 4
Strategies and Resource Allocation
Part 5
Risk
Part 6
Corporate Governance
Part 7
Operating Results
Part 8
Other Information
Capital Structure
Capital and Shareholder Structure of THP
THP, as a state enterprise under Ministry of Digital Economy and Society, was established under Civil and Commercial Code on 14 August 2003 with the registered capital of 1,250 million baht and Ministry of Finance holding 100 percent of the shares. After that, THP established a subsidiary, named Thailandpost Distribution Company Limited (THPD), which THP holds 100 percent of the shares in the company with the registered capital of 350 million baht, in accordance with the criteria for establishment and supervision of state enterprise subsidiary, under the Cabinet resolution dated 4 December 2007 and registered under Civil and Commercial Code as a limited company on 9 January 2014.
THP has cooperated with JWD Express Co., Ltd. and Flash Express Co., Ltd. to establish Fuze Post Co., Ltd., to increase THP’s capability to provide services. THP holds 25% of shares in the company with a registered capital of 100 million baht and has signed the joint venture contract to establish a company engaging in cold chain express business on 18 July 2022 to operate a temperature-controlled transportation business. Registration of the company has been made in accordance with the Civil and Commercial Code on 20 September 2022 as a juristic person in the type of a limited company. The shareholding structure is as follows :
100%
Thailand Post Co., Ltd.
Authorized capital is 1,250 million baht
Ministry of Finance
25%
FUZE POST Co., Ltd.
Authorized capital is 100 million baht
100%
Thailandpost Distribution Co.,Ltd.
Authorized capital is 350 million baht
Annual Report 2024 15