Background and significant development
Saha Pathana Inter-Holding Public Company Limited (the “Company”) is a member of Saha Group. The Company was firstly incorporated on 5 April 1972, under the name of “Saha Pathana Investment Company Limited”, with a registered capital of Baht 6 million. At present, the Company has a registered capital of Baht 582,923,188 with a paid-up capital of Baht 571,890,666 (as of 31 December 2019). The purposes of the Company are to invest in other companies and to develop industrial parks for Saha Group. The Company was listed on the Stock Exchange of Thailand in 1977 under the ticker symbol “SPI”, changed its name to Saha Pathana Inter-Holding Company Limited in 1984, and was transformed into a public limited company on 9 May 1994.
Company has a registered capital
THB 582,923,188
Paid-up capital
THB 571,890,666
2022
2021
2020
2019
2018
2017
2016
2015
2014
1994
1989
1984
1977
1974
1972
- The Board of Director of the Company has appointed Sustainability Committee
- The Company expanded its investment portfolio by increasing stake in its existing investments with stable operating results and favourable returns. New investment opportunities in a diverse range of businesses were also explored with a purpose of risk management. Focus was given to investments that could create a synergy and promote businesses in Saha Group. For example, Thanulux Public Company Limited operates the manufacturing and distribution of ready-made clothes and leather products covering both men, women, and children, KingBridge Asset Company Limited operates the property development business, and King Square Development Company Limited operates the property development business, etc.
- On the occasion of the 50th anniversary, the Company has opened an opportunity for general investors to participate in the investment in assets of the Saha Group Under the concept of "Harmony, Sharing, Lasting" by establishing Hydrogen Freehold and Leasehold Real Estate Investment Trust or HYDROGEN to invest in warehouses and factories of the Saha Group in strategic areas of manufacturing, transportation, and distribution industries, including 4 projects, namely,
- Tiger Suvarnabhumi DC Ladkrabang
- Saha Group Industrial Parks - Si Racha
- Saha Group Industrial Park - Kabin Buri
- Saha Group Industrial Park - Mae Sot
In this regard, the Company as the REIT's Manager has jointly invested in HYDROGEN in the proportion of 10 percent of the total number of registered trust units as part of business supporting plan. The Company transferred leasehold rights over certain parts of assets under Saha Group Industrial Parks, Si Racha, Kabin Buri, and Mae Sot, including warehouses and factories for rent with total area of 54,208 square metres to HYDROGEN, with Hydrogen REIT Management Co., Ltd. as the REIT Manager.
- The Company received the ASEAN Corporate Governance Scorecard (ACGS) or ASEAN CG Scorecard in the category of ASEAN Asset Class PLCs, which will be awarded to the Company with 97.50 points upward by evaluating the listed company with the first 100 ranked of market capitalization on 31st of May, annually.
- The Company received the Corporate Governance Report of Thai Listed Companies (CGR) in 2022, rated an "Excellent" (5-Star) by the Thai Institute of Directors (IOD).
- The Company received an assessment for the Annual General Meeting (AGM) for 2022, scored 100 points as an "Excellent".
- The Company was selected by the Stock Exchange of Thailand as 1 of the 170 companies on the list of Thailand Sustainability Investment (THSI) in 2022 (dividend to 157 listed companies and 13 MAI).
- The Company was selected by Thaipat Institute as 1 of the 2022 ESG100 list, which refers to the 100 best-performing publicly listed companies in terms of Environmental, Social and Governance (ESG) category on the Stock Exchange of Thailand for 8 consecutive years.
- The Company was recertified as a member of the Thai Private Sector Collective Action Against Corruption (CAC) on September 30, 2022, with a 3-year validation, ending in December 2025.
- The Company had certified for Eco Industrial Town level 5 Happiness Industrial Town and received the Good Labour Practices : GLP award.
- The Company has assessed the Carbon Footprint Organization (CFO), the scope of the assessment is at the head office and Saha Group Industrial Park, Si Racha to assess the amount of greenhouse gas emissions of the organization in order to continuous positioning as environmentally-friendly business in line with the Sustainable Development Goals (SDGs).
- Saha Group Industrial Park, Lamphun has expanded water supply capacity and central wastewater treatment system to support the expansion of customers who consume and dump wastewater.
- The Company has completely installed a basic fiber optic network (Fiber Optic) to develop communication systems to support the use of technology and manufacturing innovation of customers in the industrial parks, Si Racha, Kabin Buri, Lamphun.
The Company expanded its investment portfolio by increasing stake in its existing investments with stable operating results and favourable returns. New investment opportunities in a diverse range of businesses were also explored with a purpose of risk management in the midst of the COVID-19 pandemic. Focus was given to investments that could create a synergy and promote businesses in Saha Group, e.g. Selic Corp Public Company Limited, a manufacturer and distributor of industrial adhesive and self-adhesive products, Oxygen Asset Company Limited, an operator of property investment business, and Humanica EEC Company Limited, an operator of human resource and enterprise resource management, including payroll and accounting services.
Awarded with a 5-star “Excellent” corporate governance appraisal for the year 2021 by the Thai Institute of Directors (IOD)
Formulation of a personnel strategic plan under the Corporate Core Value “S-P-I”, Saha Group Policy under concept of “Good People, Good Products, Good Society”, and Philosophy of Dr. Thiam Chokwatana with 4 core pillars of People, Engagement, System and Process and Stakeholders of the Company.
Offered and issued 4 series of Senior Unsecured Debentures No. 1/2020 totaling THB 5,000 million to institutional and high net worth investors on June 25, 2020 for the purpose of working capital and/or investments and/or restructuring short term debt. For more information, please refer to https://www.spi.co.th/th/investor-relations/debenture-information/debentures.
Despite the pandemic times of Coronavirus, the Company has continued to seek new investment opportunities with strong partners over various business sectors with an aim to develop potential synergy and/or business collaboration with companies under Saha Group, e.g. XET Co., Ltd. which operates King's College International School Bangkok, Saha Advanced Network Co., Ltd. which operates services for fiber optic network, etc.
Selected by the Stock Exchange of Thailand as one of the Thailand Sustainability Investment (THSI) list for the Year 2020
Awarded by Thai Institute of Directors (“IOD”) for its CG Assessment Result under the Corporate Governance Report of Thai Listed Companies (CGR) Project for the Year 2020 at the scoring of 5-star or Excellent Level.
Received a full score of 100 points on the quality of the 2020 Annual General Meeting (AGM) for the 12th consecutive year.
The Company had Baht 582,923,188 in registered capital and Baht 571,890,666 in paid-up capital after some debentures were converted during the year. As of 31 December 2019, the Company had an outstanding convertible debentures of Baht 1,908,000.
The Company has diversified and strengthened its investment portfolio by expanding into new joint ventures (e.g. Saha Capital Tower Co., Ltd. to operate property development projects, Donki Thonglor Co., Ltd. to operate a Japanese retail business with an aim to develop potential synergy and/or business collaboration with companies under Saha Group.
The Company’s membership to Thailand’s Private Sector Collective Action against Corruption was re-certified on 4 November 2019.
The Company was selected as one of the 98 enterprises on Thailand Sustainability Investment (THSI) list of 2019 prepared by the Stock Exchange of Thailand.
Expanding into new businesses that could be synergized with and/or businesses with growth potential for Saha Group, such as Impact Solar Limited (Renewable energy operator) and Saha Komehyo Co., Ltd. (Second‐hand brand name product retailer) with an aim to diversify investment portfolio and strengthen investment portfolio.
As at 31 December 2018, the Company's paid‐up registered capital was increased from THB 494,034,300 to THB 571,515,007 as a result of convertible debentures being converted 2 times during 2018, amounting to THB 3,486,635,000, which were converted into 77,480,707 ordinary shares. The remaining balance for convertible debenture was THB 18,813,000 as at 31 December 2018.
Completed an Entire Business Transfer of President Holding Co., Ltd. and made a tender offer to acquire more stake in President Rice Products Public Company Limited and President Bakery Public Company Limited. This transaction garnered the Company at the “BEST THAILAND DEAL” recognition from FinanceAsia magazine.
Issued convertible debentures no. 1/2017 with total value of THB 3.505 billion at a fixed interest rate of 0.7% per annum and maturity within 2024. The Company received the 'Most Innovative Deal' recognition award from this transaction during the Best Bond Awards 2017 hosted by the Thai Bond Market Association (Thai BMA).
Issued and offered debentures with a total principal value of no more than THB 15 billion, the Company issued and began offering two sets of debentures with a total value of 2 billion baht on February 9, 2017
Certified by the Thailand’s Private Sector Collective Coalition Against Corruption (CAC) on October 14, 2016
Appointed the Corporate Governance and Risk Management Committee
Appointed the Corporate Governance and Anti- Corruption Working Group, the Risk Management Working Group, and the Social Responsibility Working Group to support its work
Developed a community mall named J-Park Si Racha Nihon Mura, to the Company's portfolio
Opened KBSC Hotel in Wang Dan, Kabinburi, Prachin Buri, which is located on a golf course
Transformed into a public limited company on the 9 May 1994
Establishment of Saha Group Industrial Park, Kabinburi and Saha Group Industrial Park, Lamphun
Registered capital increased to THB 800,000,000
Change of the company name to Saha Pathana Inter-Holding Co., Ltd.
Listing in the Stock Exchange of Thailand (SET)
Establishment of Saha Group Industrial Park, Si Racha, Chonburi Province
Incorporated on 5 April 1972, under the name of Saha Pathana Investment Co.,Ltd., with the initial registered capital of THB 6,000,000.