Draft Background for Consultation with ACS
Company A is a limited company, of which major business is to produce and distribute the industrial water for industrial business in Industrial Estate.
Company B is a Land Developer of Industrial Estates.
Company C is a holding company under Company D.
Company D’s businesses are providing rental for factory, warehouse and other properties and selling of investment property.
Company A was incorporated under the Civil and Commercial Code of Thailand. Company B (Immediate Parent Company) holds 99.99% of the Company’s shares, in which Company D is an ultimate parent company of the Group.
On 17 March 2015, Company C (Parent Company), a subsidiary of Company D (Ultimate Parent Company), has acquired 92.88% shares of Company B which was a listed company on the Stock Exchange of Thailand from existing major shareholders. Company C has become a major shareholder and has had control Company B, and in extension Company A, from 17 March 2015 onwards.