Company Milestone
2024
January 2024
THG resolved to increase the capital of its subsidiary, TH Health Co., Ltd., from THB 21 million (210,000 ordinary shares at a par value of THB 100 each) to THB 41 million (410,000 ordinary shares at a par value of THB 100 each). This was achieved through the issuance of 200,000 new ordinary shares at a par value of THB 100 per share, all of which were allocated to third parties. As a result, THG’s ownership interest decreased from 100% to 51.22%.
Lantavejjakij Co., Ltd. (in which THG indirectly holds shares through Trangvejjakij Co., Ltd.) approved a capital increase from THB 45 million (4,500,000 ordinary shares at a par value of THB 10 each) to THB 100 million (10,000,000 ordinary shares at a par value of THB 10 each).
February 2024
THG registered a capital increase in Romburi Rangsit Hospital Co., Ltd. from THB 1 million (10,000 ordinary shares at a par value of THB 100 each) to THB 10 million (100,000 ordinary shares at a par value of THB 100 each) by issuing 90,000 new ordinary shares at a par value of THB 100 each. However, other shareholders waived part of their rights to the newly issued shares. THG subsequently exercised its right to purchase the unsubscribed shares, resulting in an increase of its ownership interest from 30% to 55%.
May 2024
THG issued name-registered, unsubordinated, and unsecured debentures guaranteed by the Credit Guarantee and Investment Facility (CGIF), comprising two series, with a total value of THB 1,700 million. The debentures were offered to institutional and high-net-worth investors, and THG received THB 1,700 million on May 30, 2024. The debenture issuance had been approved by the resolution of the Annual General Meeting of Shareholders No. 1/2024 held on March 6, 2024, which authorized debenture issuance and offering in a total amount not exceeding THB 4,000 million.
August 2024
The subsidiary Thonburi Partners Pte. Limited, incorporated in Singapore in December 2023 with the objective of acting as a holding company, is wholly owned by THG. Between May 2024 and July 2024, THG paid up capital contributions of SGD 1 million into the subsidiary. The registration with the Accounting and Corporate Regulatory Authority (ACRA) was completed in August 2024.
2023
January 2023
THG established a subsidiary, Telehealth Care Co., Ltd., with the objective of operating a healthcare and telemedicine business by utilizing technology to support the company’s operations. The subsidiary was incorporated with registered capital of THB 200 million (20,000,000 ordinary shares at a par value of THB 10 each). THG holds 85% equity interest in the subsidiary. Of the registered capital, 25% was called up, and THG has paid in the amount of THB 42.50 million.
June 2023
THG approved an increase of its investment in Thonburi Rangsit Hospital Co., Ltd., raising its ownership stake from 30% to 55%. This will change THG’s investment status in Thonburi Rangsit Hospital Co., Ltd. from an associate to a subsidiary upon the next capital increase, which is scheduled to take place in 2024.
August 2023
THG increased the capital of its subsidiary, TH Health Co., Ltd., from THB 1 million (10,000 ordinary shares at a par value of THB 100 each) to THB 21 million (210,000 ordinary shares at a par value of THB 100 each) by issuing 200,000 new ordinary shares at a par value of THB 100 each.
September 2023
THG approved a capital increase of its subsidiary, Thonburi Sermrath Co., Ltd., from THB 100 million (10,000,000 ordinary shares at a par value of THB 10 each) to THB 113.3 million (11,330,000 ordinary shares at a par value of THB 10 each) through the issuance of 1,330,000 new ordinary shares at a par value of THB 10 each. THG waived its rights to subscribe to the newly issued shares, resulting in a decrease of its ownership interest from 99.98% to 88.24%.
December 2023
THG established a subsidiary, Thonburi Partners Pte. Limited, in Singapore with the objective of acting as a holding company. THG holds 100% equity interest in this subsidiary. As of 31 December 2023, no share capital has yet been called up.
