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 857,899,599 with a paid-up capital of Baht 857,894,892 (as of 27 May 2025). 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 857,899,599
Paid-up capital
THB 857,894,892
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- The Company has also continuously invested through various joint ventures in accordance with the plan to develop real estate projects in potential locations in the Phra Ram 3 area in collaboration with other companies in the Saha Group. The first project to be gradually opened for service according to the plan is the Grade A office building "KingBridge Tower", which will begin to open for service from the end of 2024. The Company has additionally invested in related businesses to support the operation of large buildings to be more comprehensive, in addition the business of providing space rental services in buildings and Co-Working Space, as well as the real estate management business through the investment in establishing Synergy Spaces Co., Ltd. and the joint investment in Saha Tokyu Property Management Co., Ltd., respectively.
- The Company focuses on increasing investment in existing businesses that have the potential to be further developed. The Company increased its investment proportion in People’s Garment Public Company Limited (PG), a company with stable financial status with good assets, through acquisitions under the Big Lot Trading method and a mandatory tender offer for all securities of the business to jointly develop a business plan to operate at full potential and drive new investments to expand from the existing business. Moreover, the Company increased its proportion in Thailand Prime Property Real Estate Investment Trust (TPRIME) and Hydrogen Real Estate Investment Trust (HYDROGEN), which continue to generate consistent returns for the Company.
- The Company has restructured its organization to focus on long-term growth and maintain its competitiveness in a constantly changing market. The restructuring will increase flexibility, the ability to respond to business changes and adapt to new innovations and technological changes, furthermore increase the efficiency of communication between executives and employees, engagement, and fostering an agile working environment.
- In 2024 the Company earned an “Excellent” (5-star) on the Corporate Governance Report (CGR) by the Thai Institute of Directors (IOD)
- In 2024 the Company earned 100 scores, an “Excellent” on AGM Checklist scoring.
- The Company earned the 2023 SET ESG Ratings on services at A level by SET
- The company conducts a Carbon Footprint Organization (CFO) assessment, covering the headquarters and the Saha Group Industrial Parks in Sriracha, Kabin buri, Lamphun, and Mae Sot. Additionally, the scope of the assessment is extended to include Kabin Buri Golf Course and sport club, Hariphunchai Golf Club Sufficiency Economy Project (Dr. Thiam Chokwatana’s Sufficiency Agriculture Project in Lamphun), J-Park Nihon Mura, and J-Town Sriracha. This assessment aims to evaluate the organization's baseline greenhouse gas emissions for continuous environmentally-friendly business practices in alignment with the Sustainable Development Goals (SDGs).
- Saha Group Industrial Park Kabin-buri received the Green Industry Level 3 Green System extension, with systematic environmental management, monitoring and reviewing for continuous development from the Ministry of Industry.
- Saha Group Industrial Park Lamphun received a certificate of honor as a co-operator in helping flood victims in 2024 in Lamphun Province from the Prime Minister.
- Saha Group Industrial Estate, Lamphun received an honorary certificate as an outstanding organization and establishment that supports CSR work for society (for the elderly part) from the Governor of Lamphun Province.
- Mae Sot Saha Group Industrial Estate received an honorary certificate as an agency that provided excellent cooperation in promoting entrepreneurs to have distribution channels for their products and distributing income to the community under the “Good Industry Tak ME MIND” project for the year 2024 from the Tak Provincial Industrial Office.
- The Company steps forward in all of its business and gradually increases its investment together with seeking an opportunity from new business to strengthen its business and lead to sustainable growth. The Company invested in Thanulux Public Company Limited (TNL) by a right offering to promote a business restructuring of TNL that leads to a new sustainable growth of TNL. Moreover, the Company increased its right offering in Thailand Property Freehold and Leasehold Real Estate Investment Trust (TPRIME) to secure returns to the Company.
- The Company expands its investment in printed circuit board (PCB) manufacturing by entering into a joint venture with Zhen Ding Tech Group, the world’s no. 1 designer, researcher, developer, manufacturer, and distributor of PCB to construct manufacturing facilities in Saha Group Industrial Park – Kabinburi’s area. The joint venture occurs intending to be a new manufacturing facility hub in Southeast Asia. The joint venture is an investment in target industries promoted by the Thai government and is also supported by The Board of Investment of Thailand (BOI), furthermore, it enhances cooperation with foreign major group companies which advances qualified employment, increases capability in industrial competition, and attract major entrepreneur in the supply chain to increase investment in Thailand in the future.
- In 2023 the Company earned an “Excellent” (5-star) on the Corporate Governance Report (CGR) by the Thai Institute of Directors (IOD)
- In 2023 the Company earned 100 scores, an “Excellent” on AGM Checklist scoring.
- The Company earned the 2023 SET ESG Ratings on services at A level by SET.
- Saha Group Industrial Park – Lumphum received a labour solidarity model awarded by the Department of Labour Protection and Welfare, Ministry of Labour.
- Saha Group Industrial Park – Lamphun received an award for organizational measures for the safe roads in the industrial park and a private organization from the Thai Health Promotion Foundation (ThaiHealth), Road Safety Foundation, and Department of Disaster Prevention and Mitigation. Saha Group Industrial Park – Lamphun also received an award from the Department of Labour Protection and Welfare for concrete organizational measures for safe roads.
- Saha Group Industrial Park – Lamphun received an award for an organization/industry with the best performance on organizational waste management in 2023 from the Lamphun Industry Office.
- 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.