Page 17 - One report AUCT2024_Eng

2008 - 2012
Part 1
Business Operation and Operating Results
● The Company expanded the automobile storage facilities in 3 provinces in the Southtern and Eastern region; Prachuab-kirikhan, Nakorn Srithamaratch, and Rayong.
● The Company transformed to be public company and changed the common share value from 10 Baht per share to 0.50 Baht per share and increased the registered capital from 110 million Baht to 145 million Baht.
2013 - 2017
● In March 2013, the Company changed the value of common share from 0.50 Baht per share to 0.25 Baht per share and reduced the registered capital to 137.50 million Baht by offering 110 million common shares to the public. The total capital increase was 27.50 million Baht.
● The Company started trading shares in the "Market for Alternative Investment” (mai) for the first time on 9 August 2013.
● The Company expanded its head office compound by about 14 rais and raised the ground level as a flood safety zone and also expanded for 9 branchs and warehouses in Chiangmai, Nakorn Ratchasima, Surin, Ubonratchathani, Udonthani, Surajthani, Songkha, Phitsanulok, and Samut Sakorn. The auction is scheduled every day, alternating in each branch.
● The Company increased properties auction to include brand name product, 4G, luxurious furniture, and trucks.
● The Company invested in the joint venture, Action and Auction Company Limited, with 51% of the shares held by AUCT and 24% of the shares held by TSF Energy Company Limited (or later changed it’s name to TSF Extra Company Limited). Action and Auction Company Limited was set up with its registered capital of 10 million Baht to primarily operate a business related to the auction of assets, cars and motorcycles. However, in 2018, the joint venture was closed since the operating results did not reach the target.
● E-Onsite is a developed auction system in the form of an E-Auction at the auction yard in order to facilitate customers who do not wish to show their status at auction point.
● Rebranding to improve the image and the quality of the Company’s services so that they were more up-to-date and more impressive for customers.
บริษัท สหการประมูล จากัด (มหาชน)
17
Union Auction Public Company Limited