Pinthong Industrial EstateRegulatory · 2026-02-25 00:00

Pinthong Industrial Park PCL proposes selling warehouse buildings and utilities worth 779.89 million Baht to related company Jutawan Co., Ltd.

Pinthong Industrial Park PCL's board approved the sale of warehouse buildings and utilities for 779.89 million Baht to Jutawan Co., Ltd., a related party, pending shareholder approval. The company also proposed a dividend payment, re-election and appointment of new directors, and changes to authorized signatories.

This strategic move aims to restructure assets to align with Pinthong Industrial Park PCL's core business of industrial park development, using the proceeds for working capital and further investments. The transaction also includes a framework agreement to prevent business competition between the two related entities and allows Pinthong to install solar power systems on warehouse rooftops.

Fast Facts

·Seller: Pinthong Industrial Park Public Company Limited
·Buyer: Jutawan Co., Ltd. (related party)
·Assets sold: 8 single-story warehouse buildings with 2-story offices, other structures, and utility systems
·Total area: 93,864 sq.m. (warehouses), 24,134 sq.m. (other structures)
·Transaction value: 779,892,766.19 THB
·Asset valuation: 772,410,000 THB (from independent appraiser)
·Location: Pinthong Logistics Park, Si Racha District, Chonburi Province, Thailand
·Shareholder meeting date: April 24, 2026
·Dividend payment: 0.216 THB per share, totaling 250.56 million THB
·Proceeds use: Working capital and investment in industrial park projects
·Related party transaction size: 18.06% of Net Tangible Assets (NTA)

Other

Power Generation

ESG & Finance

People Mentioned

Mr. Peera Patamavorakulchai

Chief Executive Officer at Pinthong Industrial Park Public Company Limited

Mr. Peer Patamavorakulchai

Director at Pinthong Industrial Park Public Company Limited

Pol. Gen. Udom Raksilatham

Independent Director / Chairman of the Audit Committee at Pinthong Industrial Park Public Company Limited

Dr. Surin Tantijaroenkiat

Independent Director / Audit Committee Member at Pinthong Industrial Park Public Company Limited

Ms. Ladda Siriwattanagkosol

Source

Pinthong Industrial Park PCL proposes selling warehouse buildings and utilities worth 779.89 million Baht to related company Jutawan Co., Ltd.