Our History

January

Established Wise Estate 13 Company Limited (“Wise Estate 13”), with registered capital of 1 million baht and 10,000 shares of 100 baht per share and the Company holding 99.97% of the shares to operate a real estate development business for various brands of the Group.

Established Wise Estate 16 Company Limited (“Wise Estate 16”), with registered capital of 1 million baht and 10,000 of 100 baht per share, the Company holding 99.97% of the shares to operate a real estate development business for various brands of the Group.

February

Established Wise Estate 17 Company Limited (“Wise Estate 17”), with registered capital of 1 million baht and 10,000 shares of 100 baht per share, the Company holding 99.97% of the shares to operate a real estate development business for various brands of the Group.

Established Wise Estate 18 Company Limited (“Wise Estate 18”), with registered capital of 1 million baht and 10,000 shares of 100 baht per share, the Company holding 99.97% of the shares to operate a real estate development business for various brands of the Group.

March

Sold common shares of Wise Estate 8 Company Limited (“Wise Estate 8”) (a subsidiary of the Company), in which the Company held 99.97% shares by entering into the transaction to sell common shares of Wise Estate 8 in the proportion of 49% of the registered capital or 4,900 shares to Takara Leben (Thailand) Co., Ltd., a subsidiary of Takara Leben Co., Ltd., a company registered in the Tokyo Stock Exchange. The objective is to expand investment opportunities in the Company's real estate development business including to continue and support the Company's real estate development projects.

April

The Company has extended the period for allocating additional common shares under a general mandate totaling no more than 85,612,111 shares, with a par value of 1 baht per share (or equivalent to 10% of the company's paid-up capital at the Board of Directors' Meeting No. 1/2023, held on February 23, 2023) in a private placement.

July

39 Estate Co., Ltd. (“39 Estate Co., Ltd.”), a subsidiary of the Company, invested in common shares of Rhom Bho Property Public Company Limited (“Rhom Bho PLC”) in the proportion of 57.79% of the registered capital of Rhom Bho PLC. The objective is to support and expand the real estate development business of the Company. Rhom Bho PLC is a company registered on mai Stock Exchange and operates a real estate development business for sale emphasizing the development of condominium-type residential projects in potential locations in Phuket under the brand "The Title" with the aim to create value and impress customers through meeting the needs of customers, both Thais and foreigners. The success of investing in the common stocks will make Rhom Bho PLC a subsidiary of the Company and the Company has the duty to make a tender offer for all securities of Rhom Bho PLC. Therefore, a tender offer for the purchase of securities was made and submitted it to the Securities and Exchange Commission of Thailand. The purchase price was set at 2.50 baht to purchase securities from 25 July 2023 to 24 August 2023.

The Company issued and allocated 43,000,000 additional common shares with a par value of 1.00 baht per share to be offered for sale to Mr. Dendanai Hutajutha, who is a person with stable financial status and real investment potential as well as having knowledge, ability, experience or capability that are beneficial to the Company's operations while he is not a connected person of the Company. The offering was through a private placement under a general mandate at an offering price of 8.40 baht per share to prepare for the implementation of the investment plan as well as enhancing financial liquidity. The deal also strengthens the Company's capital base to support the expansion of the main business and/or related businesses in the future in a timely manner with positive effects on the long-term growth of the Company.

Registered the change in paid-up capital with the Department of Business Development, Ministry of Commerce by increasing the paid-up capital from the original 856,121,119 baht to 899,121,119 baht to be consistent with the issuance and allocation of additional common shares in a private placement under a general mandate.

Established Wise Estate 19 Company Limited (“Wise Estate 19”), with registered capital of 1 million baht, 10,000 shares of 100 baht per share, the Company holding 99.97% of the shares to operate a real estate development business for various brands of the Group.

Established Wise Estate 20 Company Limited (“Wise Estate 20”), with registered capital of 1 million baht, 10,000 shares of 100 baht per share, the Company holding 99.97% of the shares to operate a real estate development business for various brands of the Grroup.

August

Sold common shares of Wise Estate 18 Company Limited (“Wise Estate 18”) (a subsidiary of the Company), in which the Company held shares in the proportion of 99.97% at the amount of 49% of the registered capital or 4,900 shares to Tokyo Tatemono Asia Pte. Ltd. (“TTA”), a subsidiary of Tokyo Tatemono Co., Ltd., a company listed on the Tokyo Stock Exchange. The objective is to expand investment opportunities in the Company's real estate development business including to continue and support the Company's real estate development projects.

September

39 Estate Co., Ltd. (“39 Estate Co., Ltd.”), a subsidiary of the Company, as the entity making a tender offer for securities of Rhom Bho PLC, filed a report on the results of the securities tender offer (Form 256-2) with the Securities and Exchange Commission of Thailand. 39 Estate Co., Ltd. purchased securities from those who expressed their intention to sell during the acceptance period in the amount of 9.82% of the outstanding shares of Rhom Bho PLC. This made 39 Estate Co., Ltd. hold a total 67.61% of the outstanding shares of Rhom Bho PLC.

November

Established AHG Company Limited (“AHG”), with registered capital 2 million baht and 20,000 shares of 100 baht per share, the Company holding 99.97% of the shares to conduct business of holding shares in other companies.

Established AHG Riverside Co., Ltd. (“AHG Riverside”), with registered capital of 1 million baht and 10,000 shares of 100 baht per share, AHG Co., Ltd. holding 99.97% of the shares to operate a real estate development business.

December

Sold common shares of Wise Estate 17 Company Limited (“Wise Estate 17”) (a subsidiary of the Company), in which the Company holds shares in the proportion of 99.97% by entering into a sales transaction of common shares of Wise Estate 17 in the proportion of 49% of the registered capital to Ideal Real Company Limited, with the objective of expanding investment opportunities in the Company's real estate development business including to continue and support the Company's real estate development projects.

Established Rocket Fitness Company Limited (“Rocket”), with registered capital of 4 million baht and 40,000 shares of 100 baht per share, the Company holding 70% of the shares to operate a business of fitness center and all types of exercises.

• The Group launched the sales of 15 projects worth 30,260 million baht.
• The Company received the Award Winner from the Modiz Collection Bangpho from the Asia Pacific Property Awards 2023-2024.
• The Company received the Developer of the Year 2023 award from Dot Property Thailand.
• The Company received the Best Investment Condo award for Modiz Launch by AssetWise from the Living Insider Award 2023.
• The Company received the BCI Asia Top Ten Developers Awards 2023 for Kave Embryo Rangsit from the BCI Asia Awards 2023.
• The Company received the Winner Award for the best real estate project of the year for The Arbor Donmueang - Chaengwatthana from the Property Guru Asia Property Awards 2023 in the Best Housing Development (Bangkok) category.
• The Company received the Highly Commended award in the Best Condo Development (Phuket) category for The Title Halo 1 from the Property Guru Asia Property Awards.
• The Company received the Best Developer Southeast Asia 2023 award, the highest award of the Dot Property Southeast Asia Awards 2023.
• The Company received the HR Asia Best Companies to Work for in Asia 2023 award from HR Asia.
• The Company received an award of honor from the Minister of Natural Resources and Environment on the occasion of 2023 National Community Forest Day.
• The Company received “Complimentary Letter for New Forest Department Supporter” on Community Forest Promotion and Development from the Deputy Permanent Secretary of the Ministry of Natural Resources and Environment.
• The Company received excellent corporate governance results for Thai listed companies (CGR) from the Thai Institute of Directors Association (IOD) with a high overall score in the top quartile group for listed company group and Property and Construction Industry group and the group for market capitalization of 3,000-9,999 million baht.
• The Company was selected by the Stock Exchange of Thailand (SET) to be included in the SET ESG Ratings list of sustainable stocks at the “A” level, reflecting the Company's commitment to sustainability and stakeholder engagement for all groups of stakeholders by being responsible for society, surrounding communities and environment as well as conducting business according to corporate governance principles.
• The Company was certified as a member of the Thai Private Sector Coalition Against Corruption (CAC).

January

Incorporated WHB Company Limited (“WHB”) with a registered capital of 1 MB, divided into 10,000 shares worth 100 THB each, whereby the Company holds 99.97% of the shares, to operate in a health and beauty business.

Invested in the ordinary shares of Maxxi Premiere One Company Limited (“Maxxi Co., Ltd.”) in the proportion of 100% of the issued and paid-up shares of Maxxi Premiere One Company Limited in the total investment value of 126,267,800 Baht. The objective is to extend and support the real estate development projects of the Company. Maxxi Co., Ltd. operates in the real estate development business for sale for condominiums with 1 project, namely, MAXXI Prime (Ratchada - Sutthisan) which is under development.

Sold the ordinary shares of Wise Estate 3 Company Limited (“Wise Estate 3”) (a subsidiary of the Company), whereby the Company held 99.97% of the shares, by selling the ordinary shares of Wise Estate 3 in the proportion of 49% of the registered capital or 4,900 shares to Takara Leben Co., Ltd. (“Takara”), a company listed on the Tokyo Stock Exchange. The objective is to expand investment opportunities in the real estate development business of the Company including to extend and support the real estate development projects of the Company.

April

The Company reduced the unissued registered capital of the Company by issuing ordinary shares to support the dividend payment in the amount of 3,881 baht from the original registered capital of 856,125,000 baht at a par value of 1 baht per share to the registered capital of 856,121,119 baht, divided into 856,121,119 shares at par value of 1 baht per share.The Company increased the registered capital from 856,121,119 baht to 1,363,106,937 baht by issuing 506,985,818 ordinary shares at par value of 1 baht per share to support the issuance of new ordinary shares under a general mandate through private placement, issuance and offering of warrants to purchase ordinary shares of the Company No. 1 (ASW-W1), issuance and offering of convertible debentures, and issuance and offering of warrants to purchase ordinary shares of the Company No. 2 (ASW-W2).

May

The Company issued and offered warrants to purchase ordinary shares of the Company No. 1 (ASW-W1) not exceeding 285,373,707 units to allocate those to existing shareholders in proportion to their shareholding (Right Offering).

June

Incorporated Wise Estate 11 Company Limited (“Wise Estate 11”) with a registered capital of 1 MB, divided into 10,000 shares worth 100 BAHT per share, whereby the Synergy Estate Company Limited (a subsidiary of the Company) holds 99.97% of shares, to operate in real estate development business for various brands of the Group of companies.

Incorporated Wise Estate 12 Company Limited (“Wise Estate 12”) with a registered capital of 1 million baht, divided into 10,000 shares worth 100 baht per share, whereby the Synergy Estate Company Limited (a subsidiary of the Company) holds 99.97% of shares, to operate in real estate development business for various brands of the group of companies.

September

Sold the ordinary shares of Wise Estate 7 Company Limited (“Wise Estate 7”) (a subsidiary of the Company), whereby the Company held 99.97% of the shares, by selling the ordinary shares of Wise Estate 7 in the proportion of 49% of the registered capital or 4,900 shares to Tokyo Tatemono Asia Pte. Ltd. (“TTA”), a subsidiary of Tokyo Tatemono Co., Ltd., a company listed on the Tokyo Stock Exchange. The objective is to expand investment opportunities in the real estate development business and to extend and support the real estate development projects of the Company.

October

The Company issued, offered, and allocated convertible debentures to existing shareholders of the Company who are entitled to allotment of shares according to their shareholding proportion but no allotment of shares to shareholders who may cause the Company liable under international laws (Preferential Public Offering: PPO) for the amount not exceeding 320,000,000.00 baht.

The Company issued and offered warrants to purchase ordinary shares of the Company No. 2 (ASW-W2) for the amount not exceeding 96,000,000 units to allocate those to the existing shareholders of the Company who subscribed to and received the allotment of the convertible debentures offered proportionately to the existing shareholders but no allotment of shares to shareholders who may cause the Company liable under international laws (Preferential Public Offering: PPO) free of charge (zero baht).

Incorporated Wise Estate 14 Company Limited (“Wise Estate 14”) with a registered capital of 1 million baht, divided into 10,000 shares worth 100 baht per share, whereby the Company holds 99.97% of shares, to operate in real estate development business for various brands of the group of companies.

Incorporated Wise Estate 15 Company Limited (“Wise Estate 15”) with a registered capital of 1 million baht, divided into 10,000 shares worth 100 baht per share, whereby the Company holds 99.97% of shares, to operate in real estate development business for various brands of the group of companies.

Invested in the new ordinary shares of ZAAP World Entertainment Company Limited (“ZAAP World Co., Ltd.”) in the proportion of 41.18% of the registered capital of ZAAP World Entertainment Company Limited. The objective is to expand other business opportunities in the future. ZAAP World Co., Ltd. engages in businesses related to organizing a complete range of entertainment activities intending to be the leading company for entertainment and lifestyle of the new generation in organizing events, concerts, and music festivals. As a result of this successful investment in aforementioned new ordinary shares, ZAAP World Co., Ltd. has become an associate of the Company.

November

Sold the ordinary shares of Wise Estate 10 Company Limited (“Wise Estate 10”) (a subsidiary of the Company), whereby the Company held 99.97% of the shares, by selling the ordinary shares of Wise Estate 10 in the proportion of 49% of the registered capital or 4,900 shares to Takara Leben (Thailand) Company Limited, a subsidiary of Takara Leben Co., Ltd., a company listed on the Tokyo Stock Exchange. The objective is to expand investment opportunities in the real estate development business of the Company including to extend and support the real estate development projects of the Company.

December

The Synergy Estate Company Limited (“Synergy Co., Ltd.”), a subsidiary of the Company, invested in the ordinary shares of BOTANICA Grand Avenue Company Limited (“BOTANICA Co., Ltd.”) in the proportion of 30% of the registered capital of BOTANICA Co., Ltd. which is one of the major real estate developers in the segment of luxury villas in Phuket. BOTANICA Co., Ltd engaged in real estate development business for sale and for long-term rent-to-own. As a result of this successful investment in aforementioned ordinary shares, BOTANICA Co., Ltd. has become a joint venture of the Company.

The group of companies launched sales of 8 projects worth 10,700 million baht.The Company was awarded The Best Residential Development Thailand for Modiz Sukhumvit 50 project from the Asia Pacific Property Award Development 2022-2023.

The Company received the Winner Award in the category of Best Affordable Condo Development (Bangkok) with reference to Kave AVA project from the Property Guru Thailand Property Award 2022.

The Company was awarded the Winner from the ICONIC AWARD: Innovative Architecture in the category of Corporate by the German Design Council.

The Company received an honor plaque from Dr. Yuthapol Angkinan, the advisor to the Minister of Natural Resources and Environment, on the occasion of the National Community Forest Day 2022 on May 24, 2022 for showing the good intention that the Company is committed to increasing green areas and supporting community activities in protecting and preserving community forestry.

The Company received a compliment letter for supporting the Royal Forest Department in the field of community forestry promotion and development for showing that the organization was determined to help restore the community forestry to be fertile and to support the mission of the Royal Forest Department's community forestry work to be accomplished within the specified framework.

The Kave town Space project participated in a pilot project to test the environmentally friendly housing assessment criteria (Green Residence) and received an honorary certificate for environmentally friendly housing operations (Green Residence) in the category of Buildings from the Department of Environmental Quality Promotion.

The Company registered for and received the carbon neutral certification. According to the resolution of meeting of the Board of Directors of the Thailand Greenhouse Gas Management Organization (Public Organization) No. 3/2022 March 25, 2022.

The Company registered for and certified by greenhouse gas emissions verification according to the resolution of the Board of Directors’ meeting of the Thailand Greenhouse Gas Management Organization. (Public Organization) No. 3/2022 March 25, 2022.

The Company received an excellent rating for the Corporate Governance Report of Thai listed companies (CGR) from Thai Institute of Directors (IOD).

The Company has been listed in sustainable stocks or Thailand Sustainability Investment (THSI) from the Stock Exchange of Thailand.The Company declared its intention to join the Thai Collective Action Against Corruption (CAC) of the Thai Private Sectors.

January

The Company sold capital investment in the ordinary shares of Prize Property Company Limited to Ideal Real Company Limited, causing the proportion of the Company’s investment in Prize Property Company Limited to decrease from 99.99% to 50.99%.

February

The Company Group opened a community mall under the name “Mingle Mall” located in front of the Kave Town project, with a lease area for restaurants and shops totaling 1,924 square meters, managed by Treasure M Company Limited.

28 April

Listed with the Stock Exchange of Thailand and commenced its trading in SET under the name “ASW”

May

Wise Estate 3 Company Limited (“Wise Estate 3”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 99.97% of shares. The business objective of Wise Estate 3 was to engage in real estate development for various brands under the Group.

Wise Estate 4 Company Limited (“Wise Estate 4”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 99.97% of shares. The business objective of Wise Estate 4 was to engage in real estate development for various brands under the Group.

Wise Estate 5 Company Limited (“Wise Estate 5”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 99.97% of shares. The business objective of Wise Estate 5 was to engage in real estate development for various brands under the Group.

Wise Estate 6 Company Limited (“Wise Estate 6”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 99.97% of shares. The business objective of Wise Estate 6 was to engage in real estate development for various brands under the Group.

Wise Estate 7 Company Limited (“Wise Estate 7”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 99.97% of shares. The business objective of Wise Estate 7 was to engage in real estate development for various brands under the Group.

Wise Estate 8 Company Limited (“Wise Estate 8”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 99.97% of shares. The business objective of Wise Estate 8 was to engage in real estate development for various brands under the Group.

Wise Estate 9 Company Limited (“Wise Estate 9”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 99.97% of shares. The business objective of Wise Estate 9 was to engage in real estate development for various brands under the Group.

Wise Estate 10 Company Limited (“Wise Estate 10”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 99.97% of shares. The business objective of Wise Estate 10 was to engage in real estate development for various brands under the Group.

July

Incorporated Digi Tonize Company Limited (“DIGI TONIZE”) with a registered capital of 1 MB, divided into 10,000 shares worth 100 THB each, whereby the Company holds 99.97% of the shares, for research and investment in technology and digital asset

The Company collaborated with Bitkub Capital Group Holdings Company Limited to make available a channel for customers to exchange digital currency or cryptocurrency to THB in purchasing homes and condominiums.

October

The Company increased its registered capital from 761,000,000 THB to 856,125,000 THB by issuing 95,125,000 ordinary registered shares at 1 THB per share.

The Company paid out dividends for shareholders at approximately 0.14706 THB per share, equivalent to approximately 111,912,660 THB, which is equivalent to 19.35% of the net profit from the budget after tax deductions and legal reserve fund allocation.

November

The Company offered debentures with a value of not exceeding 1,000 MB for purchase, whereby they are name-registered, unsubordinated, unsecured, and with a debenture holder representative to institution and/or high net worth investors.

The Company opened a community mall under the name “Mingle Market” located near Thammasat University Rangsit Campus, operated by Treasure M.

December

Wise Asset 3 Company Limited entered into a joint venture with Takara Leben Company Limited, which is a leading real estate development company in Japan for the development of the Atmoz Bangna project.

The Company Group commenced sales of 6 projects worth 7,500 MB.

The Company was awarded the Best Affordable Condominium Bangkok award from the KAVE TU project from the PropertyGuru THAILAND PROPERTY AWARDS.

March

Cerebrium amended its company objectives to develop condominium real estate development for the Modiz Launch project.

April

TU Prop decreased its registered capital from 12 MB to 11 MB by decreasing 10,000 Company preferred shares worth 100 THB each.

May

The Company transformed into a public company under the name “AssetWise Public Company Limited” on 5 May 2020.

The Company increased its registered capital at 206 million shares, causing the registered capital to increase from 555 MB to 761 MB and changed the value of the shares from 100 THB to 1 THB for initial public offering.

The Group launched one townhome project and four condominium projects:

1. Baan Puri Puri Courtyard pattanakarn - a townhome project operated by ABJV
2. Modiz Rhyme (Ramkhamhaeng) - a condominium project operated by Wise Estate 1

The Company was awarded the ‘Best Condominium Development of Asia Pacific Property Awards 2020-2021’ , with recognition given to Atmoz Ladprao 15

The Company was awarded the ‘Highly commended, Best Affordable Condo Development (Bangkok)’, with recognition given to Atmoz Ratchada-Huaykwang at Property Guru Thailand Property Awards 2020

The Company was awarded the ‘Best Affordable Condominium Bangkok’ with recognition given to Modiz Sukhumvit 50 at DOT Property Thailand Awards 2020

The Company was awarded the ‘Best Affordable Condominium Bangkok’ with recognition given to Modiz Sukhumvit 50 at DOT Property Southeast Asia Awards 2020

The Company was awarded the ‘Best Residential Development’ with recognition given to Atmoz Chaengwattana at PRIX D’Ex The Company was awarded the ellence Awards 2020 FIABCI-Thai

January

TU Property Company Limited (“TU Prop”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 100% of shares. Its objective was to engage in the development of a condominium project, namely Kave TU.

June

Asset A Plus Company Limited (“Asset A Plus”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 100% of shares. Its objective was to provide real estate brokerage services.

Wise Estate 1 Company Limited (“Wise Estate 1”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 100% of shares. Its objective was to engage in the development of a condominium project, namely Modiz Ramkhamhaeng.

August

Wise Estate 2 Company Limited (“Wise Estate 2”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 100% of shares. Its objective was to engage in the development of a condominium project, namely Modiz Srinakarin.

December

The Company increased its registered capital from THB 104.56 million to THB 555 million through issuance of 4,504,419 new ordinary shares with a par value of THB 100 per share.

TU Prop increased its registered capital from THB 1 million to THB 12 million through issuance of 90,000 new ordinary shares with THB 100 par value to the shareholders in proportion to their existing shareholding, as well as issuance of 20,000 preferred shares with THB 100 par value to the Company, whereafter the Company sold 10,000 preferred shares to Ideal Real Company Limited.

The Group launched one townhome project and four condominium projects:

1. Baan Puripuri Ladprao 41 - a townhome project operated by ABJV
2. Atmoz Chaengwattana (Prachachuen Road) - a condominium project operated by Estate Q
3. Ivory Ratchada 32 - a condominium project operated by Estate Q
4. Modiz Collection Bangpho (Pracharat Road) - a high-rise condominium project operated by Estate Q
5. Kave TU Phase 1 (adjacent to Thammasart University Rangsit Campus) - a condominium project operated by TU Prop br

The Company was awarded the ‘Top Ten Developers’ at BCI Asia Awards 2019, with recognition given to Atmoz Ladprao 71, Atmoz Ladprao 15, and Modiz Sukhumvit 50.

The Company won the ‘Highly Commended’ awards at Property Guru Thailand Property Awards 2019 for:

1. Best Boutique Developer
2. Best Housing Interior Design, which was awarded to Glam project
3. Best Mid End Condo Development, which was awarded to Modiz Collection Bangpho project
4. Best Affordable Condo Development, which was awarded to Atmoz Ladprao 71 project

The Company received ‘Gold Award’ in the manufacturing category at SMEs Excellence Awards 2019, which was organized by Thailand Management Association in collaboration with Sasin Graduate Institute of Business Administration, Chulalongkorn University.

Kave Condo was awarded the ‘Best Condominium’ at Asia Pacific Property Awards 2019–2020.

March

Cerebium Company Limited (“Cerebium”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 97% of shares. At the time of establishment, the business objectives of Cerebium were to engage in the development of products and technologies relating to real estate.

June

The Company co-invested with Baan Puripuri Holding Company Limited to form a joint venture, ABJV Company Limited (“ABJV”), with the objectives to develop two townhome projects and one home-office project. The joint venture was registered with a capital of THB 2 million, comprising 20,000 shares with a par value of THB 100 per share, wherein the Company held 51% of shares. In August 2018, ABJV increased its registered capital to THB 10 million, consisting of 100,000 shares. After capital increase, the Company’s shareholding in ABJV remained the same at 51%.

Privilege Solution Company Limited (“Priv Solution”) was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 100% of shares. The business objectives of Priv Solution were to provide services with respect to the collection of payments from international customers who purchased residential properties.

August

Priv Dev increased its registered capital from THB 10 million to THB 30 million through issuance of 200,000 new ordinary shares with a par value of THB 100 per share. The Company co-invested with Bluework JV1 Company Limited to engage in the development of a condominium project, namely Modiz Sukhumvit 50, wherein the Company held 55% of shares and Bluework JV1 Company Limited held 45% of shares.

39 Estate decreased its registered capital from THB 200 million to THB 50 million through reduction of the par value from THB 100 to THB 25 per share, totaling 2,000,000 shares. After capital decrease, the Company’s shareholding in 39 Estate remained unchanged.

October

BU Real Estate Company Limited (“BU Real Estate”) was established with a registered capital of THB 1 million, comprising 10,000 shares with a par value of THB 100 per share, wherein the Company held 100% of shares. The business objective of BU Real Estate was to engage in the development of a condominium project, specifically Kave Town Phase 3 and 4.

November

39 Estate decreased its registered capital from THB 50 million to THB 12.5 million by reducing the number of shares from 2,000,000 to 500,000 shares with a par value of THB 25 per share. After capital decrease, the Company’s shareholding in 39 Estate remained unchanged.

December

The Group underwent corporate restructuring in preparation for listing on the SET. Specifically, the Company increased its ownership stake in four subsidiaries, namely 39 Estate, Prize Prop, Synergy Estate, and Prize Dev, to 99.99% by means of share swap in which the Company offered 45,581 newly issued shares with THB 100 par value to the shareholders in exchange for their shares in the aforementioned subsidiaries. After restructuring, the Company’s registered capital increased from THB 100 million to THB 104.56 million.

The Group launched one single-detached housing project and five condominium projects:

1. Atmoz Ladprao 15 - a condominium project operated by Estate Q
2. Kave Town Space (adjacent to Bangkok University) - a condominium project operated by Estate Q
3. Kave Town Shift (adjacent to Bangkok University) - a condominium project operated by Estate Q
4. Atmoz Ratchada-Huai Khwang (Soi Sahakanpramun) - a condominium project operated by Estate Q
5. Modiz Sukhumvit 50 - a high-rise condominium project operated by Priv Dev
6. Glam (Satri Witthaya 2 Road) - a single-detached housing project operated by Synergy Estate

The Honor won the Asia Pacific Property Awards 2018–2019 for ‘Best Architecture Single Residence’ and ‘Best Residential Property’ in Asia Pacific.

May

The Company purchase shares of 39 Estate from other shareholders, causing the proportion of shares held by the Company to increase from 35% to 41.5%.

September

The Company purchased the shares of 39 Estate from other shareholders, which caused its shareholding in 39 Estate to increase from 35% to 79.5%.

December

39 Estate’s project, Esta Bliss, won the Real Estate Project Awards 2017 from the Agency for Real Estate Affairs (AREA).

The Group launched five low-rise condominium projects

1. Brown Phahonyothin 67 - a condominium project operated by Estate Q
2. Modiz Ratchada 32 - a condominium project operated by Estate Q
3. Atmoz Ladprao 71 (Nak Niwat Road) - a condominium project operated by Estate Q
4. Brown Ratchada-Huai Khwang (Soi Pracharat Bamphen 11) - a condominium project operated by Estate Q
5. Kave Condo (opposite of Bangkok University) - a condominium project operated by Prize Dev

August

Treasure M Company Limited (“Treasure M”) was established with a registered capital of THB 10 million, comprising 100,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 96% of shares. The business objective of Treasure M was to engage in the development of community malls.

October

Privilege Development Company Limited (“Priv Dev”) was established with a registered capital of THB 10 million, comprising 100,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 96% of shares. The business objective of Priv Dev was to engage in real estate development.

Prize Prop increased its registered capital from THB 30 million to THB 35 million through issuance of 50,000 new ordinary shares with a par value of THB 100 per share to raise capital for project development. The Company purchased the newly issued shares and acquired existing shares from Vipanpong family, which caused its shareholding to increase from 64% to 76%.

December

The Company purchased the shares of Synergy Estate from Vipanpong family, which caused its shareholding in Synergy Estate to increase from 50% to 65%.

The Group launched one single-detached housing project and six low-rise condominium projects:

1. The Honor Ladprao 81 - a single-detached housing project operated by Synergy Estate
2. Wynn Chokchai 4 - a condominium project operated by Prize Prop
3. Wynn Phahonyothin 52 - a condominium project operated by Estate Q
4. Modiz Station (Phahonyothin Road) - a condominium project operated by Estate Q
5. Modiz Interchange (Laksi Roundabout) - a condominium project operated by Estate Q
6. Brown Ratchada 32 - a condominium project operated by Estate Q
7. H2 Glo Ramindra 21 - a condominium project operated by Estate Q

April

Prize Development Company Limited (“Prize Dev”) was established with a registered capital of THB 10 million, comprising 100,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 65% of shares. The business objective of Prize Dev was to engage in real estate development for various brands under the Group.

The Company commenced construction of The Honor, a single-detached housing project located in Soi Ladprao 18. The project is operated by Synergy Estate.

August

The Group launched its first high-rise condominium project under the name of Episode, which is located on Phahonyothin Road. The project is operated by Prize Dev.

March

39 Estate increased its registered capital from THB 100 million to THB 200 million through issuance of 1 million new ordinary shares with a par value of THB 100 per share to raise capital for project development, wherein the Company held 35% of shares.

August

Synergy Estate Company Limited (“Synergy Estate”) was established to engage in the development of residential properties, specifically townhomes and single-detached houses. Synergy Estate was registered with a capital of THB 50 million, comprising 500,000 ordinary shares with a par value of THB 100 per share, wherein the Company held 50% of shares.

The Group launched three low-rise condominium projects.

• H2 Ramindra 21 (Phase 1) - a condominium project operated by Estate Q
• H2 Ramindra 21 (Phase 2) - a condominium project operated by Estate Q
• Esta Bliss Ramindra - a condominium project operated by 39 Estate

Incorporated 3 new companies to engage in the real estate development business for various brands of the Company Group, namely,

• 39 Estate Company Limited (“39 Estate”) with a registered capital of 100 MB divided into 1million shares with a value of 100 THB per share, whereby the Company holds 35% of the shares.
• Prize Property Company Limited (“Prize Prop”) with a registered capital of 30 MB, divided into 300,000 shares each with a value of 100 THB, whereby the Company holds 64% of the shares.
• Estate Q Company Limited (“Estate Q”) with a registered capital of 1 MB, divided into 10,000 shares, with a value of 100 THB per share, whereby the Company holds 60% of the shares

Estate Q increased its registered capital to 100 MB, divided into 1 million shares, with a value of 100 THB per share to be capital in developing projects, whereby the Company holds 99.8% of the shares.

The Company Group initiated sales of 3 low-rise condominiums with a value of 1,025 MB.

January 19

AssetWise Company Limited was established with a registered capital of THB 1 million, comprising 10,000 ordinary shares with a par value of THB 100 per share.