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MBK Milestone

 
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MBK Public Company Limited (“the Company”) was founded and registered on 25 July 1974 originally under the name of Mah Boon Krong Drying and Silo Company Limited which managed a shopping center called “Mah Boon Krong Shopping Center”. The shopping center has been open to the public since 7 February 1985. The Company first became a listed company on the Stock Exchange of Thailand in 1978, thanks to the efforts by the Company’s original team of management. However, the Company became delisted in 1987.

 

Afterwards, the Company was managed by a new team of management and its name was changed from “Mah Boon Krong Drying and Silo Company Limited” to “MBK Property & Development Company Limited”.

it was transformed into a public limited company under the name of “MBK Property & Development Public Company Limited”. It became a listed company again on the Stock Exchange of Thailand on 5 April 1996. It became a listed company again on the Stock Exchange of Thailand on 5 April 1996, using “MBK–PD” as abbreviated name for trading. The trading of its common shares on the Stock Exchange of Thailand commenced on 24 April 1996.

 

On

the Company changed its name from “MBK Property & Development Public Company Limited” to “MBK Development Public Company Limited”.

 

it changed its name again from “MBK Development Public Company Limited” to “MBK Public Company Limited” (“MBK”). As well, its abbreviated name for trading was changed from “MBK–PD” to “MBK”

which is still being used today.

 

Year 2016

MBK invested in establishing new companies as follows:

  • TM Broker Co., Ltd. Its investment proportion is 48.99% and it has operated as a non-life insurance and life insurance broker and a training service provider.
  • MT Service 2016 Co., Ltd. Its investment proportion is 48.99% and it has operated as a business support and back-office provider.

MBK Guarantee Co., Ltd.— a subsidiary of MBK— invested in establishing new companies as follows:

  • MG 5 Co., Ltd. Its investment proportion is 99.97% and it has operated as a loan provider through providing mortgages for real estate and sales with the right of redemption which is not a credit foncier.
  • MG 6 Co., Ltd. Its investment proportion is 99.97% and it has operated as a loan provider through providing mortgages for real estate and sales with the right of redemption which is not a credit foncier.

Year 2017

MBK’s subsidiaries bought additional shares as follows:

  • MBK Shopping Center Co., Ltd. (“MBK-SC”), which is a subsidiary of MBK and its investment proportion is 99.99%, bought shares of Paradise Park Co., Ltd. (“PDP”). MBK-SC had previously held 50% of PDP and bought additional shares of 50%. Therefore, the total shares of PDP held by MBK-SC is 100%
  • The Nine Center Co., Ltd. (“TNC”), which is a subsidiary of MBK and its investment proportion is 99.99%, bought shares of Siam Delice Co., Ltd. TNC had previously held 50% and bought additional shares of 50% Therefore, the total shares of TNC held by MBK-SC is 100%

MBK Hotel and Tourism Co., Ltd, (“MBK-HT”), which is a subsidiary of MBK and its investment proportion is 99.99%, and Patum Rice Mill and Granary Public Co., Ltd. (PRG), which is a subsidiary of MBK and its investment proportion is 74.52%, have formed a joint venture of establishing a new company as follows:

  • MBK Food Service Co., Ltd. (“MBK-FSV”), which its investment proportion is 99.99%, to run business operations for managing raw materials, producing, and distribute finished goods and semi-finished goods.

MBK Service Solution Co., Ltd., which is a subsidiary of MBK and its investment proportion is 99.99%, has established a new company as follows:

  • MBK Trading Co., Ltd., which its investment proportion is 89.99%, to run business operations for importing and trading all kinds of exercise machines as well as exercise tools, electrical devices, sanitary wares, and all kinds of furniture for decoration.

Year 2018

MBK Guarantee Company Limited – an indirect subsidiary which MBK held its shares of 99.99% – has established new companies as follows:

  • MG7 Company Limited – A percentage of investment was 99.97% in order to make loans through mortgage arrangements for real estate – without accepting deposits or receiving money from people and taking advantage of them – as well as buying real estate.
  • MG8 Company Limited – A percentage of investment was 99.97% in order to make loans through mortgage arrangements for real estate – without accepting deposits or receiving money from people and taking advantage of them – as well as buying real estate.

MBK Public Company Limited subsequently acquired more shares from the existing shareholders and the capital increase shares of Siam Piwat Company Limited – which is MBK’s associated company – which in turn increased its holding from 30.67% to 47.98%.


MBK Hotels and Resorts Company Limited – a direct subsidiary which MBK held its shares of 99.99% – sold all shares of Dusit Thani Public Company Limited for a total is 11.30%.


the registered capital decrease and paid-up capital were registered (according to the general shareholders’ meeting 2018) by decreasing MBK’s specific shares held by MBK Advanced Company Limited for a total of 13,037,000 shares. Its par value was THB 1, totaling THB 13,037,000. Calculated as 0.763% of its registered capital of THB 1,707,960,000, it was changed to be new registered capital for a total of THB 1,694,923,000.


MBK Hotels and Resorts Company Limited – a direct subsidiary which MBK held its shares of 99.99% – sold all shares of Royal Orchid Hotel (Thailand) Public Company Limited for a total is 29.86%.


MBK Public Company Limited invested in buying ordinary shares of MBK Food System Company Limited from Patum Rice Mill and Granary Public Company Limited for a total of 1,090,910 shares. Its percentage of investment was 100%.