World Gas (Thailand) Company Limited ("WG") invest in Picnic Corporation Public Company Limited ("PICNI") to support the successful rehabilitation plan of PICNI
24 November WP Energy Public Company Limited ("WP") formed as a result of the amalgamation between PICNI and WG
Completed construction of 2 LPG Terminals:
- Bang Pakong, Phase 2 LPG Terminal
- Ban Haet LPG Terminal
January
The extraordinary general meeting No. 1/2017 on 31 January 2017 approved as follows :
- Transfer of capital surplus from gas selling price in the amount of 532,000,000 baht
- Transfer of legal reserve in the amount of 33,910,000 baht
- Transfer of ordinary share surplus value in the amount of 2,657,619,957 baht respectively, and
- Reduction of authorized and paid-up capital of 2,242,065,700 baht from the existing amount of 2,760,565,700 baht to 518,500,000 baht by reducing 2,242,065,700 shares to compensate for accumulated losses
authorized and paid-up capital with the Department of Business Development. Currently, the company has an authorized and paid-up capital of 518,500 baht consisting of 518,5000 ordinary shares. Regarding the transfer of capital surplus from gas selling price in the amount of 532,000,000 baht, the company is currently consulting with a government agency on the legal aspects of the transfer and will use the capital surplus from gas selling price to compensate for accumulated losses once it receives a confirmation from the agency.
The company increased the number of LPG dispensers at Bang Cha Kreng LPG terminal from 6 to 13 dispensers to enhance the distribution of LPG and to meet the needs of customers from various sectors throughout the country. After the expansion, the company has a total of 41 dispensers and maximum gas dispensing rate of 14,760 tons per day.
February
The Board of Directors’ Meeting No. 1/2019 held on 17 January 2019 resolved to approve the Company’s capital increase in WP Gas Co., Ltd. which is the Company’s subsidiary. The said subsidiary will issue 17,000,000 ordinary shares for capital increase at par value of 10 Baht per share in the amount of Baht 170,000,000.
September
On 19 September 2018, the Company signed a hiring contract for constructing the Bang Pakong Phase 3 liquid petroleum gas storage and distribution depot with storage capacity of 9,500 tons to be used as support of the reserve policy requiring an reserve increase of the entrepreneur from 1 percent to 2 percent in 2021. After completion of the said construction, the Company will have a LPG storage and distribution depot with a total storage capacity of 18,489 tons.
October
The Board of Directors Meeting No.11/2018 held on 29 October 2018 resolved to approve, its subsidiary company, WP Gas’s investment in Thai Gas Corporation Co., Ltd. in the proportion of 80 percent of Thai Gas Corporation’s authorized capital in the amount of 168,800,256 baht. On 27 February 2019, the Company has already held the shares in Thai Gas Corporation in the proportion of 80 percent.
January
The Board of Directors’ Meeting No. 1/2019 held on 17 January 2019 resolved to approve the Company’s capital increase in WP Gas Co., Ltd. which is the Company’s subsidiary. The said subsidiary will issue 17,000,000 ordinary shares for capital increase at par value of 10 Baht per share in the amount of Baht 170,000,000.
October
The Board of Directors Meeting No.10/2019 held on 24 October 2019 resolved to approve the Company’s takeover of all seven filling plant businesses with investment value of Baht 170,000,000 to enhance the competitive potential, increase sales volume, and directly expand market to more consumers.
The Company achieved “Best LPG Distributors 2019” Global Awards from International Finance (IFM Awards), England, and Asia Corporate Excellence & Sustainability Awards 2019 (ACES Awards 2019) from MORS Group for admiring the Asian organizational success as the model of stable and sustainable growth. The Company is a single integrated energy company from Thailand which was awarded in this field, resulting in more recognition in Asian region and international level.
The Company has been passed for certification of Level 3 Green Industry Standards from the Ministry of Industry regarding the systematic environmental management as the focus on good commitment due to the Company’s serious commitment in business operation under corporate governance code and moral business operation together with social, community, and environmental, and the Company’s related party responsibilities.
March
The Board of Directors’ Meeting No. 3/2020 held on 25 March 2020 resolved to approve the Company’s capital increase in WP Solutions Co., Ltd. which is the Company’s subsidiary. The said subsidiary will issue 2,100,000 ordinary shares for capital increase at par value of 10 Baht per share in the amount of Baht 21,000,000.
The Board of Directors Meeting No. 3/2020 held on 25 March 2020 resolved to approve WP Solutions Co., Ltd. as the Company’s subsidiary to enter into joint venture with Wonder Food International Co., Ltd. to establish Wonder Food Holding Co., Ltd. to operate the food business in the proportion of 50 percent of authorized capital of Wonder Food Holding Co., Ltd.
The Company achieved “Best Renewable Energy (LPG) Efficient Provider” Global Awards from Global Banking and Finance Awards, and “Most Innovative CSR Initiative” from International Finance Awards (IFM Awards) continuously for the second year for admiring the organizational success as the model of stable and sustainable growth, and admiring the commitment on business operation under the corporate governance code, and moral business operation together with social, community and environmental responsibility.
The Company accepted to join Zero Accident Campaign Activity and promote its establishment to be committed in prevention of occupational accident based on the concept that the accident with the cause relating to occupation can be prevented. The hazard statistics in the establishment shall be reduced to be zero through the continuous occupational safety, health, and environment planning and management, resulting in the safety culture for labor’s safety and good health.
The construction of Bang Pakong LPG Terminal, Phase 3 with a capacity of 9,500 tons was completed and has fully operated, and the Company has completely kept LPG reserve until reaching 2% of the trade volume since 1 January 2021.
The Company accepted to join Zero Accident Campaign Activity and promote its establishment to be committed in prevention of occupational accident based on the concept that the accident with the cause relating to occupation can be prevented. The hazard statistics in the establishment shall be reduced to be zero through the continuous occupational safety, health, and environment planning and management, resulting in the safety culture for labor’s safety and good health.
The Company achieved “ Most Innovative Customer Service Initiative” from International Finance Awards (IFM Awards) for admiring the Company’s outstanding and excellence in effectively applying innovation, information technology, and data analytics to strengthen the business operations and customer services. The Company has been granted of IFM Award for the 4th consecutive year, considering as another proof of our organization’s commitment and persistence as well as business operations at all times.
The Company achieved “Most Innovative LPG Man- Agreement Company” from International Finance Awards (IFM Awards) for admiring the Company’s exposure to new innovations and technologies which are used to develop quality, reliable, safe products with integrated services.
The Board of Directors’ Meeting No. 8/2021 held on 11 August 2021 resolved to approve the Company’s acquisition of Thai Gas Cylinder Co., Ltd. (TGC) in the limit amount of THB 86,000,000 as the investment in the Liquefied Petroleum Gas Cylinder Repair Business, and on 20 October 2021, the Company has already held shares in of Thai Gas Cylinder Co., Ltd. in the proportion of 99.99 %.
The Board of Directors’ Meeting No. 1/2021 held on 24 February 2021 resolved to approve additional investment framework in an amount of THB 100,000,000 to invest in the installation of Solar Rooftop for customers.
The Board of Directors’ Meeting No. 10/2021 held on 21 October 2021 resolved to approve the Company’s capital increase in Thai Gas Cylinder Co., Ltd. in the amount of THB 33,000,000 with 330,000 newly issued shares for the purchase of land and buildings as the location of liquefied petroleum gas tank workshop.
