Company Milestone

2013

World Gas (Thailand) Company Limited ("WG") invest in Picnic Corporation Public Company Limited ("PICNI") to support the successful rehabilitation plan of PICNI

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.

February

On 1 February 2018, the securities of the Company (WP) has been resumed for trading in the SET in energy and utilities sector under the resources industry group with the authorized capital of Baht 518,500,000.

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 extraordinary general meeting No. 1/2017 on 31 January 2017 approved as follows :

  1. Transfer of capital surplus from gas selling price in the amount of 532,000,000 baht
  2. Transfer of legal reserve in the amount of 33,910,000 baht
  3. Transfer of ordinary share surplus value in the amount of 2,657,619,957 baht respectively, and
  4. 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.

2016

Completed construction of 2 LPG Terminals:

  1. Bang Pakong, Phase 2 LPG Terminal
  2. Ban Haet LPG Terminal

2014

24 November WP Energy Public Company Limited ("WP") formed as a result of the amalgamation between PICNI and WG

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.