Milestone

2022 - December

  • In December 2022, Ms. Jareeporn Jarukornsakul, Chairman and Group CEO of WHA Corporation PCL., received the prestigious “IEEE PES Women in Power Award 2022” at the IEEE PES Dinner Talk 2022. Organized by IEEE Power & Energy Society – Thailand, the award is given to female executives who play an important role in setting guidelines for organization development towards sustainability through clean energy and renewable energy development in the industrial sector. This is in line with the Group’s commitment to bring “The Ultimate Solution for Sustainable Growth.”
  • In December 2022, WHAUP inaugurated the Solar Farm of SUPERNAP (Thailand) Co., Ltd., generating 1.095 megawatts of electricity. This project emphasizes WHAUP’s innovation leadership for data center systems using renewable energy.
  • In December 2022, the Company received 6 ECO Industrial Town awards at the “ECO Innovation Forum 2022”, held under the concept of “Eco Journey to Carbon Neutrality” by the Industrial Estate Authority of Thailand (IEAT), in cooperation with the Water and Environment Institute for Sustainability (WEIS) under the Federation of Thai Industries (FTI).
  • On 1 December 2022, the Company sold and leased long term assets of warehouses factories, and offices in 5 projects ie. Mega Logistics Center Project (Bangna-Trad KM.23, project 3), WHA Signode Factory Project, WHA Mega Logistics Center Project (Theparak Km.21), WHA-KPN Mega Logistics Center Project (Bangna-Trad KM. 23 Project 2), and WHA Central Mega Logistics Center Project (Wangnoi 63) to WHA Premium Growth Real Estate Investment Trust “WHART” totally lease area 159,963 square meters with the total asset value of THB 4,050.9 million.
  • On 27 December 2022, WHA Group sold 14 leasehold units of warehouses, factories and office buildings, located in WHA Chonburi Industrial Estate 1 (WHA CIE 1), WHA Eastern Seaboard Industrial Estate 1 (WHA ESIE 1), Eastern Seaboard Industrial Estate (Rayong) (ESIE), WHA Logistics Park 1 (WHA LP 1), WHA Logistics Park 2 (WHA LP 2), WHA Logistics Park 4 (WHA LP 4), and Hi-Tech Kabin Industrial Estate (KABIN), having the total building area of 48,186 square meter to WHA Industrial Leasehold Real Estate Investment Trust “WHAIR” (former “HREIT”) which was equivalent to the total assets value of Baht 1,345.9 million.

2022 - November

  • In November 2022, the Company received Distinguished Award in Corporate Management Excellence Category at Thailand Corporate Excellence Awards 2022; Business Growth Strengthened with Good Governance and Sustainability for the Environment and Society. Moreover, the Company also received Platinum Award for 13th consecutive year and Thai Development Award for its WeCycle initiative at AMCHAM CSR Excellence Awards ceremony.

2022 - October

  • On 17 October 2022, TRIS Rating affirms WHA Corporation PCL., and WHA Utilities and Power PCL. company rating at “A-” with “stable” outlook, reflecting the Company’s continuous sustainable growth.
  • In October 2022, the Company and WHAUP has been listed by the Stock Exchange of Thailand (SET) as a Sustainable Stock or Thailand Sustainability Investment (THSI) for the year 2022. The companies have been receiving this award for three consecutive years, reflecting its commitment to conduct business according to environment, social and governance (ESG) principles and its readiness to become a tech company.
  • In October 2022, the Company received three prestigious SET Awards 2022 in Sustainability Excellence and Business Excellence Categories from the Stock Exchange of Thailand (SET) including 1. WHA Corporation Public Company Limited: Commended Sustainability Awards in the Sustainability Excellence category, 2.WHA Utilities and Power Public Company Limited: Best Innovative Company Awards in the Business Excellence category, and 3. WHA Industrial Leasehold Real Estate Investment Trust: Outstanding REIT Performance Awards in the Business Excellence category. The award ceremony was held at the Stock Exchange of Thailand (SET), in cooperation with Money & Banking magazine.

2022 - September

  • In September 2022, the Company received “Thailand’s Best Managed Companies 2022” award from Deloitte Thailand.
  • In September 2022, the Company sealed a significant land purchase agreement with BYD for a 600-rai plot (96 hectares or 237 acres) at WHA Rayong 36 Industrial Estate for first BYD new energy vehicles plant in ASEAN. WHA Group’s 11th industrial estate in Thailand, WHA Rayong 36 Industrial Estate is strategically located in the Eastern Economic Corridor (EEC), attracting S-Curve industries, especially in the next generation automotive sector.
  • In September 2022, Ms. Jareeporn Jarukornsakul, Chairman and Group CEO, WHA Corporation PCL., received the “THAILAND TOP CEO OF THE YEAR 2022” award, in the Property Industry category. The prestigious award aims to honor organizations’ top executives with an ability to transfer their knowledge and successful strategies to inspire new generation executives. The award was held by BUSINESS+ magazine, under ARIP PLC., together with the Faculty of Commerce and Accountancy, Thammasat University.

2022 - August

  • In August 2022, WHAUP sealed a Solar Carpark installation deal representing a generation capacity of 7.7 Megawatts with Ford Motor Company with a total rooftop space of 59,000 square meters and an investment of THB 235 million. Furthermore, WHAUP has outstanding signed contracts for buying and selling electricity, coming from 77 solar projects with a combined capacity of 127 Megawatts Forty-six projects have already started commercial operations (COD) for 40.2 Megawatts.
  • On 25 August 2022, the Company signed Memorandum of Understanding (MoU) with the Quang Nam Economic and Industrial Zone Management Authority for the development of “WHA Smart Eco Industrial Zone” in Vietnam. With a gross surface area of approximately 400 hectares, the upcoming WHA Smart Eco Industrial Zone – Quang Nam will be located between the provinces of Danang in the North, and Quang Ngai in the South. The unique living environment of Quang Nam will attract both local and foreign professionals. The future industrial zone is well-suited to welcome clean and high-tech manufacturing industries in the automotive, mechanical, electrical, electronics, telecommunication, medical, and logistics sectors. The construction is expected to commence in 2024.

2022 - July

  • In July 2022, the Company and Rayong’s Tasit Subdistrict teamed up for joint community project for sustainable development.

2022 - June

  • In June 2022, the Company invested USD 1 million in Mercular, a Thai vertical E-commerce start-up specializing in hobby lifestyle products, such as audio gadgets, gaming gears, hobby stations and other recreational equipment. This investment is perfectly in line with the Company’s strategy to expand customer base and play a bigger role in the B2C sector, especially among the new generation. Moreover, it also fits with the company’s “Digital Innovation and Transformation” plan to offer new products and services in collaboration with dynamic startups.

2022 - March

  • On 8 March 2022, the Company announced the launch of its 11th industrial estate, WHA Rayong 36 located in the Eastern Economic Corridor (EEC) with “Smart Eco Industrial Estates” concept covering a total area of 1,281 rai (507 acres or 205 hectares). The WHA Rayong 36 industrial estate is getting ready to welcome its first high-profile investors, especially in S-curve industries including next generation automotive, robotics and aviation, electronics and logistics, and others.
  • In March 2022, the Company and Samitivej Hospital announced the signing of a Memorandum of Understanding (MoU) to promote and develop digital healthcare for all employees and customers of WHA industrial estates, logistics centers and office buildings, through its new WHAbit digital application, and Samitivej’s virtual hospital platform.
  • In March 2022, WHAUP joined forces with PTT-Sertis and the PEA to implement Peer-to-Peer Energy Trading using blockchain technology. This has been done at industrial scale in Thailand. The Renewable Energy Exchange or “RENEX” platform will help enhance efficiency and security of transactions and facilitate energy trading between industrial users.

2022 - January

  • On 19 January 2022, the Company launched “WHA Mega Logistics Center Theparak KM. 21.” With a total building area of approximately 400,000 square meters on 400 rai of land, the newly-developed Center is the Company’s largest warehouse facility closest and most accessible to Bangkok. The project is a mixed-use, free zone logistics center offering a variety of built-to-suit warehouses and factories that can go from 5,000 to 100,000 square meters to suit a wide range of customers, including e-commerce, manufacturers, showrooms, training centers and others.
  • In January 2022, the Company and Mahidol University, Faculty of Public Health, jointly announced the signing of a Memorandum of Understanding (MoU) for enhancing collaboration in the field of “Wellness and Industry”. The aim is to develop and promote an awareness and understanding of health and well-being in the industrial landscape, to develop a comprehensive curriculum for academic courses and training programs for students pursuing degrees in public health, and for professionals interested in industry development.

2021 - December

  • WHA Eastern Seaboard Industrial Estate 3 and WHA Rayong 36 are fully completed by end of 2021
  • Construction of the expansion phase of WHA Eastern Seaboard Industrial Estate 4 is schedule to start in Q4 2021
  • WHAUP Opens solar PV ECO system with 4.2 MW at Continental Tyres Plant

2021 - November

  • WHAUP Signs Prinx Chengshan Tire Solar Rooftop Project The Largest Solar Rooftop Project in ASEAN
  • WHA Group joins Bualuang Ventures to tap into the e-Logistics market by investing in 'GIZTIX'

2021 - September

  • TusPark WHA and NIDA Join Forces for Innovative Research and Training Cooperation

2021 - August

  • TusPark WHA Partners with Chulalongkorn School of Integrated Innovation for Research and Development Collaboration
  • WHA Group Acquires Shares in Storage Asia to Expand its Integrated Logistics Portfolio

2021 - April

  • Revised Investment Registration Certificate Granted to WHA Industrial Zone 1 in Nghe An, Vietnam

2021 - March

  • WHA Group inaugurated WHA Tower, its new headquarters located on Debaratna Road (Bangna Trad) KM 7
  • WHAUP, PTT together with Sertis develop "Smart Energy Platform" for energy management through AI and Blockchain technology

2020 - December

  • WHA Industrial Development Signs MoU To Develop 2 Industrial Zones in Thanh Hoa Province, Vietnam

2020 - October

  • WHA Group Launches Thailand’s First E-Commerce Park on Bangna-Trad Road Km.37 Chachoengsao Province

2020 - September

  • WHA Industrial Development and China’s Tus Holdings To Launch Science & Tech TusPark in Bangkok

2020 - August

  • BIG and WHA Industrial Development Establish Joint Venture for the Production and Distribution of Industrial Gas

2020 - July

  • Grand Opening Ceremony of WHA Mega Logistics Center Laem Chabang Project 2

2020 - May

  • WHAUP pours additional 300 million baht on reclaimed water projects to solve drought situation in EEC and boost revenue in the future

2020 - February

  • WHAUP and PEA joint project on Smart Energy in Industrial Estates to increase opportunities for investment in gas-fired cogeneration and solar rooftop power plants.

2019 - February

  • WHA Group records THB 2,907 million profit for 2018 Board approves THB 0.0833 dividend per share with XD on 9 May 2019
  • WHAUP shows 2018 Performance with a Record High Net Profit of Baht 2,251.9 Million with Proposed Dividend of THB 0.2115 per share

2019 - March

  • WHAUP to expand the utilities business in CLMV Acquiring 47.31% stakes in Cua Lo, tap water producer and distributor in Vietnam

2019 - April

  • WHA Group Launches Its 10th Industrial Estate in Thailand: WHA Eastern Seaboard Industrial Estate 3

2019 - May

  • WHA Group delivers wastewater management and treatment project to Pluak Daeng sub-district under Clean Water for Planet initiative.

2019 - Sep

  • WHA Digital Platform boosts its cloud services offer. With 4 data centers located in Thailand, WHA Digital offers new Infrastructure as a Service (IaaS) capabilities, such as Disaster Recovery Site (DR Site) and Data Storage, bringing business continuity to its customers

2019 - Nov

  • WHA Group and Ground Inc. Sign Strategic MoU to Develop Intelligent Logistics®*Solutions
  • WHA Industrial Estate Rayong receives recognition as smart industrial estate
  • WHA Group Bags “2019 People Choice” and “2019 AMCHAM CSR Excellence” Awards

2019 - Dec

  • WHA Group and Ground Inc. Sign Strategic MoU to Develop Intelligent WHA Industrial Zone Nghe An and Vietnam – Korean Industrial Technology College Sign Collaborative Agreement

2018 - January

  • WHART  Merged  with WHAPF to be the first  REIT in Thailand
  • Chonburi Clean Energy Co., Ltd (CCE) and Waste Management Siam Ltd. (WMS) of DOWA Eco-System Group sign waste supply agreement for Industrial-Waste-to-Energy Plant
  • Gas-fired SPP Power Plant by Gulf TS4 Company Limited, achieved the Commercial Operation Date (“COD”) on 1 January 2018.

2018 - February

  • Double anniversary celebration for WHA Group’s 15th and 30th of success in industrial estate development

2018 - March

  • WHA Hemaraj Nghe An Joint Stock Company, a subsidiary of WHA Corporation PCL, recently held the groundbreaking ceremony of its state-of-the-art industrial zone in Nghe An Province, Vietnam

2018 - May

  • EEC Management Committee Officially Approves 9 Hemaraj Industrial Estates as Special Industrial Zones covering a total of 34,434 rai in the EEC
  • WHA Industrial Development and IRPC sign shareholders agreement to develop “WHA Industrial Estate Rayong” in EEC with a registered capital of THB 650 million, will be jointly managed and will acquire 2,152-rai industrial land in Rayong province
  • Hemaraj Land And Development Plc. changes its corporate name to “WHA Industrial Development Public Company Limited”.  Eight industrial estates also change names accordingly
  • WHAUP Expands Overseas Water Business in Vietnam via its newly established subsidiary by obtaining the exclusivity rights to invest and operate water business in WHA Hemaraj Industrial Zone - Nghe An
  • WHAUP launched Solar Rooftop project which will utilize the warehouses space and the buildings in WHA Group’s industrial estates around 2 million square meters, accounting for 200 MW

2018 - June

  • WHA Group Signs MoU with Italian Aerospace Network (IAN) to Foster “Aerospace Collaboration on Education & Industrial Know-How Transfer”

2018 - July

  • “WHAUP” Successfully issued and offered Debentures for the total amount of Baht 5 billion

2018 - August

  • WHA Group Holds Stone Laying for Its New Headquarters “WHA TOWER” in Bang Na
  • “WHAUP” Races Forward with Solar Rooftop Investment Completing New 2.6-MW in Q3, with Further 10-MW in Pipeline

2018 - November

  • WHA Industrial Development and Bosch Thailand Sign MoU to Enhance Smart Manufacturing
  • WHA Corporation and Yunnan Energy Investment Group (YEIG) Sign Strategic MoU to Develop Logistics Cooperation to Link Thailand’s EEC with China’s Belt and Road Initiative

2018 - December

  • WHAUP Launches Natural Gas Distribution Services in WHA ESIE 2 
  • WHA ESIE 1 and WHA CIE 1 Receive EIA Monitoring Awards 2018

2017 - January

  • WHA Utilities and Power Plc. received the approval of WHAUP as a SET-listed company

2017 - February

  • WHA Group to develop first industrial zone in Nghe An Province, Vietnam with an investment of USD 100 million. Phase 1 of WHA Hemaraj Industrial Zone - Nghe An covers the area of 498 hectares. This is part of a long term plan potentially totaling up to 3,200 hectares.

2017 - March

  • WHA Group receives 2017 Frost & Sullivan Thailand Excellence Award in the “Warehouse Development Company” category, for the second straight year

2017 - November

  • WHA Hemaraj launches the new EEC Special Economic Zone, Hemaraj Eastern Seaboard Industrial Estate 4 (HESIE 4) in Rayong.
  • WHAUP announces the commercial operations of Gulf TS 3 and plans to launch power plants representing 63.6 MW in 2018-2019
  • WHAUP develops natural gas and retail projects in 6 Hemaraj industrial estates with operations starting in Q3 2018
  • HREIT’s the first capital increase of  THB1,690 Million

2017 - December

  • Chonburi Clean Energy gives Marubeni Corporation go-ahead to begin work on the 8.63 MW Industrial Waste-to-Energy Power Plant construction

2017 - Business and Operation

  • On 9 February, the Company has been launched opening “Hemaraj Eastern Seaboard Industrial Estate 4 (HESIE4) which is the ninth Industrial Estate of Hemaraj Group located at Pluak Daeng, Rayong, totally area 1,900 rais.
  • WHAUP was permitted from the Securities and Exchange Commission “SEC” by the issuance of filling effective date 20 March 2016 and proposed the Initial Public Offering (“IPO”) between 22 March to 3 April 2016 by entering ordinary shares to register in the Stock Exchange of Thailand and started trading on April 10, 2016.
  • The Company has been expanded Industrial Estate Development to Vietnam by issuance and permission of Investment Registration Certificate (“IRC”) from Vietnam Governance in May for the approval of long term Project Development totally area 20,000 rais which prospected first phrase of Industrial Estate Developmental Project at the approximately area 3,100 rais under the Project’s name “WHA Hemaraj Industrial Zone” in Nghe An Province, and had the Ceremony of Laying Foundation on 10 March 2017.
  • There are five projects of Small Power Plant (“SPP”), Gulf, VTP, and Gluf TS 1-4 which are the Joint Venture Project between the Company thru WHAUP and Gluf MP Company ,started commercial operations in May 16, July 8, September 1, November 1, 2017 and January 1, 2018, respectively with electricity according to the contracts totally 160.1 megawatts in accordance with the proportion of shares held.
  • On 18 August, the Company has been certified as the Member of Thailand’s Private Sector Collective Action Coalition Against Corruption: CAC.
  • In the fourth quarter, the Company Group has been operated 3 Service Data Centers to support 461 Racks which are the additional services of Fiber Optic (“FTTx”) in Hemaraj Group of Industrial Estate.
  • In November, the Company had the Credit Rating Level A- by TRIS Rating Company.
  • On 29 November, the Company Group had been distributed and leased long term assets of warehouses in four projects ie. WHA Mega Center Logistic Center Project km. 19 Building C and M, WHA Mega Logistics Center Project in Lam Luk Ka and Omada Aerospace Factory Project in Rayong to WHA Premium Growth Real Estate Investment Trust “WHART” totally lease area 85,867 square meters equivalent to totally income Baht 3,079.3 million.
  • In November, Hemaraj Eastern Seaboard Industrial Estate 4 (“HESIE4”) has been approved from the Eastern Economic Corridor Policy Committee (“EEC Committee”) to be the promotional zone supporting industry businesses, and to be the promotional zone : Hemaraj Eastern Seaboard Industrial Estate 4 supporting the future automotive industry, robot industry, as well as aerospace and logistics industry on January 23, 2018. Furthermore, there are eight industrial estates of the Company Group which were approved from EEC Committee to be the promotional zone supporting industry businesses in February 2018 and being process for the publication.

2017 - Company ’s Capital

  • On 28 April, the Company issued THB 2,600 mm debentures No. 1/2560 for sale to institutional investors and high net worth investors, having a tenure of 3 years at a fixed rate of 3.50% per annum
  • On 25 August, the Company issued THB 100 mm debentures No. 2/2560 to Private Placement investors, having a tenure of 2 years, 11 Month, 24 days at a fixed rate of 3.15% per annum

2016 - January

  • In January, the Company has joined with the Central Group to establish Central WHA Alliance Co., Ltd., with registered capital of THB 10 mm. and paid-up capital of THB 2.5 mm to develop warehouses, distribution centers and factory buildings. The first project was located in Wangnoi in Phra Nakhon Si Ayutthaya province. The Company holds 50% of the shares and CRC Power Retail Co., Ltd. holds 50%, respectively. By the end of 2016, Central WHA Alliance Co., Ltd., had paid-up capital of THB 642.50 mm.
  • Hemaraj Energy (now under WHAUP) and Gulf MP Sign Joint Venture Agreement for Five SPP Projects Located at Hemaraj Industrial Estates

2016 - February

  • On 9 February, the Company has committed to make a tender offer of Hemaraj to delist Hemaraj’s securities from the Stock Exchange of Thailand. As a result, the Company’s holder in Hemaraj increased to 98.54%.

2016 - March

  • In March, the Company issued THB 200 mm debentures No. 1/2559 for sale to institutional investors and high net worth investors, having a tenure of 2 years, 2 days at a fixed rate of 3.70% per annum.
  • On 2 March, Hemaraj was delisted from the Stock Exchange of Thailand.
  • After the acquisition of Hemaraj’s group, the Company restructured the business within the Group by transferring utilities and power business to be under Hemaraj Clean Water Co., Ltd. (subsequently transformed into public limited company and changed the name to WHA Utilities and Power Public Co., Ltd. (“WHAUP”)), the Company’s subsidiary indirectly held through Hemaraj (99.99%).
    • In March, WHAUP entered into a business partner’s contract and a lease contract with a authority to produce and distribute water for industrial purpose, and industrial waste water management in industrial estates zones, as well as Hemaraj’s area. WHAUP received 50 years contract to operate in water business.
    • In May, WHA Energy 2 Co., Ltd. (“WHAET”) transferred all its shares in power plant companies i.e. Gheco-One Co., Ltd. and Houay Ho Co., Ltd. (Houay Ho Co., Ltd. holds 25% of Houay Ho Thai Electrical Co. Ltd.’s shares) and Glow IPP Co., Ltd. to WHA Energy Co., Ltd. (formerly named Hemaraj Energy Co., Ltd.) from Hemaraj’s Group. (WHAEG and WHAET were Company’s subsidiaries indirectly held 99.99% through Hemaraj)
    • In June, the Company transferred its shares totaling to 74.99% in 11 joint ventures companies to WHAEG (another 25.01% of the shares held by Gunkul Engineering Plc.). The 11 joint venture companies invest in Solar PV Rooftop projects.

2016 - April

  • In April, the Company issued THB 2,500 mm debentures No. 2/2559 for sale to public investors and THB 1,000 mm debentures No. 3/2559 for institutional investors and high net worth investors. The details are in the below table.

2016 - May

  • In May, the Company issued THB 150 mm debentures No. 4/2559 for sale to institutional investors and high net worth investors, having a tenure of 3 years, 1 day at a fixed rate of 3.75% per annum.

2016 - June

  • On 9 June, the Company issued THB 230 mm debentures No. 5/2559 for sale to institutional investors and high net worth investors, having a tenure of 3 years, 2 days at a fixed rate of 3.85% per annum.
  • On 16 June, the Company issued THB 100 mm debentures No. 6/2559 for sale to institutional investors and high net worth investors, having a tenure of 2 years, 11 months, 26 days at a fixed rate of 3.85% per annum.
  • On 21 June, the Company issued THB 280 mm debentures No. 7/2559 for sale to institutional investors and high net worth investors, having a tenure of 3 years, 17 days at a fixed rate of 3.85% per annum.
  • On 24 June, the Company increased the capital from the exercise of 244 share of WHA-W1 totaling THB 837.19.

2016 - July

  • In July, Chonburi Clean Energy Co., Ltd. was established with registered capital of THB 20 mm to submit PPA application for industrial waste project.
  • In July, WHA Hemaraj International Co., Ltd. was established with registered capital of THB 240 mm as a holding company, to support the group in term of general management, setting up business strategy, implementing a business plan and internal communication for both its domestic and international companies. Hemaraj held 99.99% of the WHA Hemaraj International’s shares.
  • In July, the Company issued THB 300 mm debentures No. 8/2559 for sale to institutional investors and high net worth investors, having a tenure of 3 years, 2 days at a fixed rate of 3.75% per annum.

2016 - August

  • In August, the Company’s made a joint venture with the Suez Group and the Glow Group in order to establish Eastern Seaboard Clean Energy Co., Ltd., a joint venture company, with a registered capital of THB 40,000,020 to be a holding company. The joint venture company was held by WHAEG (33.33%), Glow IPP 3 Co., Ltd. (33.33%), and Suez (South East Asia) Co., Ltd. (33.33%), respectively.
  • On 10 August, WHAUP was transformed into a public limited company with a registered capital of THB 3,825 mm and paid-up capital of THB 3,200 mm (par value of THB 5 per share). WHAUP’s prospectus was submitted to SEC on 6 September 2016.
  • In August, since the Company’s business has greatly expanded covering various business industries, the Company changed its logo to be under one same branding in order to be widely well recognized under one group.

2016 - September

  • In September, the Company and Daiwa House Group established WHA Daiwa Logistics Property Co., Ltd. With a registered capital of THB 10 mm and paid-up capital of THB 2.5 mm to develop warehouse, distribution center, and factory projects. The initial projects were on Chonharnpichit Km.3 Road and LaemChabang. This joint venture company was held by WHA Corporation Plc. (51.00%) and DHL Asia investment private Co. Ltd. (49.00%). In December 2016, WHA Daiwa Logistics Property Co., Ltd. increased its paid-up capital to THB 820 mm.
  • In September, the Company and 2 partners established Genesis Data Center Co., Ltd. with a registered capital of THB 12 mm and paid-up capital of THB 3 mm (by the end of 2016, the registered capital and paid-up capital increased to THB 210 mm and THB 111 mm, respectively) to develop the data centers project. The joint venture company was held by WHA Infonite Co., Ltd. (33.33%), Advance Information Technology Plc. (33.33%) and Inter link Telecom Plc. (33.33%). At the end of 2016, Genesis Data Center Co., Ltd increased its registered capital to THB 210 mm and its paid-up capital to THB 111 mm.
  • In September, Glow Hemraj Wind Co., Ltd., which is indirectly held through Hemaraj (51.00%) was restructured to be under Eastern Seaboard Clean Energy Co., Ltd., who would hold 100 percent of the share after the restructuring.
  • In September, the Company issued THB 1,500 mm debentures No. 9/2559 for sale to institutional investors and high net worth investors, having a tenure of 5 years at a fixed rate of 4.00% per annum

2016 - November

  • On 23 November, Hemaraj Group sold leasehold right of 80 units of factory buildings, and 21 units of warehouses, located in the industrial estates of Hemaraj Group, with a total area of 261,314 sq.m. at the selling price of THB 6,279 mm, to Hemaraj Leasehold Real Estate Investment Trust (“HREIT”). Hemaraj REIT management Co., Ltd. (“HRM”), a subsidiary of Hemaraj, was appointed to be a REIT manager, and Hemaraj was appointed as a property manager.
  • In November, the Company repaid the last loan installment amounting to THB 31,891 mm back to a financial institution, clearing out all the Hemaraj’s acquisition loan. However, WHA Utilities and Power Group took up a loan of THB 12,999 mm during the restructuring to prepare for listing in the Stock Exchange of Thailand.

2016 - December

  • On 7 December, the Company sold 2 warehouses (WHA Mega Logistics Center (Chonlaharnpichit Km.5) and WHA Mega Logistics Center (Ladkrabang) to the trust with a total area of 159,141 sq.m. at a selling price of THB 4,145 mm.
  • In December, WHA Energy Co., Ltd., which is indirectly held by Hemaraj (99.99%), made a joint venture with Gulf MP Co., Ltd. to invest in a small power plant project (SPP). WHA Energy Co., Ltd. has a 25.01% stake in Gulf NLP 2 Co., Ltd., which has a total PPA of 120 MW.

2015 - February

  • On February 5th, the Company established WHA Ventures Holding Co., Ltd., in which the Company holds 99.99% of the shares to perform a tender offer of all issued and distributed shares in Hemaraj Company.

2015 - March

  • In March, the Company submitted a voluntary tender offer of all shares in Hemaraj Company with the price per share of THB 4.50. The duration for the voluntary tender offer was since 6th March 2015 to 10th April 2015.
  • In March, the Company announced a rights offering to existing shareholders for the amount of 350,506,096 shares, whereby the ratio of 2.75 existing shar es to 1 new share was given. Hence, the Company’s registered capital has increased from THB 963,891,769 to THB 1,314,397,866.

2015 - April

  • On 20th April, the Company has acquired 92.88% of Hemaraj’s securities, when of total outstanding shares.
  • On 27th April, the Company split the security par value from THB 1 per share to THB 0.10 per share. Therefore, the amount of shares has changed from 1,431,233,233 shares to 14,312,332,330 shares.
  • On 28th April, the Company sold the assets of the modification part of DSG project to the Fund for the total assets value of THB 17 mm (excluding value added tax)

2015 - July

  • In July, the Company issued THB 400 mm debentures No. 1/2558 for sale to institutional investors and high net worth investors, having a tenure of 2 years at a fixed rate of 3.95% per annum.

2015 - September

  • On 8th September, the Company issued THB 2,000 mm debentures No. 2/2558 for sale to institutional investors and high net worth investors, having a tenure of 3 years at a fixed rate of 4.15% per annum.
  • On 11th September, the Company issued THB 350 mm debentures No. 3/2558 for sale to institutional investors and high net worth investors, having a tenure of 2 years at a fixed rate of 3.70% per annum.

2015 - October

  • In October, the Company issued THB 250 mm debentures No. 4/2558 for sale to institutional investors and high net worth investors, having a tenure of 2 years, 3 days at a fixed rate of 3.70% per annum.
  • On 13th October, the Group of Companies has a resolution to clarify the business policies of the Group of Companies regarding warehouses, distribution centers, and factories. The Company will be the developer of Built-to-Suit projects serving the customers’ needs in warehouses, distribution centers, or factories and Ready-Built warehouses and factories in any area, except for those in the industrial estates, industrial zones, or industrial parks that will be developed by Hemaraj. On the contrary, Hemaraj will be the developer of Ready-Built projects in warehouses or distribution centers that are located in the industrial estates, industrial zones, or industrial parks that are developed by Hemaraj Company.
  • On 30th October, the Group of Companies has a resolution to adjust the organizational structure and promoted Ms. Jareeporn Jarukornsakul to be Chief Executive Officer of the Company while Mr. Somyos Anantaprayoon, the former Chief Executive Officer of the Company, resumed the position of Chairman of the Board of Directors, Director, and executive director of the Company. In addition, Mr. Jakrit Chaisanit was promoted to be Chief Operating Officer of the Company.

2015 - November

  • On 6th November, the Company sold 2 office buildings to the WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (“WHABT”) at the total sale price of THB 2,388,800,000 Baht (after deducting value added tax), in which WHA Real Estate Management Company Limited (WHAREM), one of the subsidiaries of the Company, was established to be the trust fund manager.
  • On 12th November, the Company issued THB 200 mm debentures No. 5/2558 for sale to institutional investors and high net worth investors, having a tenure of 2 years, 3 days at a fixed rate of 3.70% per annum.

2015 - December

  • On 2nd December, the Company submitted a voluntary tender offer of shares of Hemaraj Company to delist Hemaraj from the Stock Exchange of Thailand, in which the Company has submitted a voluntary tender offer of all shares in Hemaraj Company with the price per share of THB 4.40. The duration for the voluntary tender offer was from 3rd December 2015 to 9th February 2016.
  • On 14th December, the Company increased the capital from the exercise of 1,178,363,008 share of WHA-W2 totaling THB 3,181,580,121.16.
  • On 29th December, the Company sold 3 warehouses to WHART covering a total area of 174,914 sq.m. valued THB 4,645.9 mm (after deducting value added tax).
  • On 30th December, the Company established 3 subsidiary companies internationally, including:
    1. WHA Corporation (Hong Kong) Company Limited to invest internationally by operating businesses through holding stocks in foreign firms.
    2. WHA Corporation (International) Company Limited to invest internationally by operating businesses through holding stocks in foreign firms.
    3. PT WHA International Indonesia to invest in and operate businesses in Indonesia.
  • and established 1 subsidiary company domestically:
    1. WHA Infonite Holding Company Limited to operate businesses in information technology systems service centers and digital business.

2014 - February

  • In February, the Company issued Baht 500 mn debentures No. 1/2014 for sale to institutional investors and high net worth investors, having a tenure of 3 years at a fixed rate of 4.01% per annum.

2014 - May

  • In May, the Company issued Baht 1,810 mn debentures No. 2/2014 for sale to institutional investors and high net worth investors. The debentures were split into 2 sets. One was Baht 700 mn debentures having a tenure of 3 years, and the other was Baht 1,110 mn debentures having a tenure of 5 years as outlined in the below table.
No. No.
of units
Size
(Baht mn)
Fixed
Interest Rate
(per annum)
Tenure
(year)
1 700,000 700 3.75 3
2 1,100,000 1,100 4.42 5

2014 - July

  • In July, the Company issued Baht 1,700 mn debentures No. 3/2014 for sale to institutional investors and high net worth investors. The debentures were split into 4 tranches comprising Baht 435 mn, Baht 385 mn, Baht 600 mn and Baht 280 mn having a tenure of 3, 5, 7 and 10 years respectively as outlined in the below table.
No. No.
of units
Size
(Baht mn)
Fixed
Interest Rate
(per annum)
Tenure
(year)
1 435,000 435 3.85 3
2 385,000 385 4.40 5
3 600,000 600 4.70 7
4 280,000 280 5.00 10

2014 - October

  • In October, the Company issued Baht 200 mn debentures No. 4/2014 for sale to institutional investors and high net worth investors, having a tenure of 2.9 years at a fixed rate of 3.85% per annum.

2014 - November

  • In November, the Company issued Baht 290 mn debentures No. 5/2014 for sale to institutional investors and high net worth investors, having a tenure of 4 years at a fixed rate of 4.00% per annum.

2014 - December

  • In December, WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust ("WHART") was set up. The Company sold 11 warehouse buildings covering a total area of 167,107.45 square meters, valued at Baht 4,420 mn, to WHART for which WHA Real Estate Management Co., Ltd. (WHAREM), a subsidiary company, was appointed the REIT manager.
  • In December, the Company entered into a share sale and purchase agreement (the "Share Sale and Purchase Agreement") with Hemaraj's major shareholders to purchase shares in Hemaraj Land and Development Public Co., Ltd. ("Hemaraj").
  • The Company declared its intent to voluntarily and conditionally take over Hemaraj's securities. It arranged a voluntary tender offer to acquire the securities at Baht 4.50 (Four Baht and Fifty Satang) per share on the condition that it would cancel the tender officer if the number of the offered shares at the end of the offer period was less than 50 (fifty) percent of Hemaraj's issued shares. The voluntary tender offer would take effect only if the following conditions have been satisfied.
    1. The conditions precedent specified in the Share Sale and Purchase Agreement to offer the shares in Hemaraj for sale at Baht 4.50 (Four Baht and Fifty Satang) per share by the major shareholders in the voluntary tender offer have been satisfied.
    2. The shareholders' meeting approved the Company and/or subsidiaries to acquire Hemaraj's shares as specified in the Share Sale and Purchase Agreement and the Company to proceed with the voluntary tender offer.
    3. The meeting of the Company's shareholders approved the issue and offer of increased shares for sale to the existing shareholders (right offering) and the Company successfully issued and sold the shares and registered the capital increase. The Company anticipated that it would be able to issue new shares of approximately Baht 8,800,000,000.
    4. The Company was approved credit facilities by financial institutions of amounts, when combining with the proceeds from the right offering, sufficient for acquiring all shares in Hemaraj under the voluntary tender offer. At present, the Company is negotiating with certain financial institutions.

2013 - January

  • In January, the Fund effected the 2nd capital increase of approximately Baht 2,142 mn for purchase of assets and taking delivery of leasehold right of 3 warehouse projects with the leased premises of 69,529.28 sq.m. from the Company and Warehouse Asia Alliance Co., Ltd. The Company was appointed as the property manager.

2013 - April

  • In April, the Company effected the registered capital for Baht 102 mn from Baht 510 mn to be Baht 612 mn to serve the stock dividend at the ratio of 5 existing shares to 1 new share.

2013 - August

  • In August, the Company and Gunkul Engineering Public Company Limited incorporated 11 companies to invest in Solar PV Rooftop project. 74.99% of shares in all 11 companies is held by WHA Corporation Public Company Limited and 25.01% by Gunkul Engineering Public Company Limited. The joint venture companies filed an application with Metropolitan Electricity Authority and Provincial Electricity Authority for proposal to sell electricity to them, and it was selected as the operator for such Solar PV Rooftop for 5 companies with capability of 4.28 MW (details of which are shown in Section 2.1, Descriptions of Products and Services)
  • In August, the Company decreased its registered capital in respect of the unpaid up shares of Baht 1,017 by deleting the authorized but unissued 1,017 shares which remained after the issuance of stock dividend pursuant to the resolution of the Annual General Meeting in 2013. After such capital decrease the Company had registered and paid up capital at Baht 611,998,983.

2013 - September

  • In September, the Company increased its registered capital for Baht 305,999,491 from Baht 611,998,983 to be Baht 917,998,474 to serve the stock dividend at the ratio of 2 existing shares to 1 new share.
  • In September, the Company offered the debentures to institutional investors and high net worth investors in the amount of Baht 2,700 mn divided into 3 tranches as detailed below:
Tranche units amount
(Baht mn)
Fixed Interest Rate
(% per annum)
Term
1 1,630,000 1,630 4.24 3
2 500,000 500 4.55 4
3 570,000 570 4.84 5

2013 - October

  • In October, the Company and group of KPN incorporated WHA KPN Alliance Co., Ltd. with the registered capital of Baht 1 mn and have the plan to increase the capital to be Baht 768 mn to develop the premium warehouse and distribution center project which is the Built-to-Suit and Warehouse Farm projects on Bangna-Trad Road, KM 23, Bangplee, Samut Prakan. 64.97% of shares in the joint venture company will be held by WHA Corporation Public Company Limited and 35.03% by Mr. Krit Narongdetch.

2013 - November

  • In November, the Fund effected the 3rd capital increase of approximately Baht 4,056 mn for the purchase of assets and taking delivery of leasehold right for 5 warehouse projects and 1 movable asset at the total value of Baht 4,536 mn (including loan from institution at Baht 600 mn) with the leasable area of 173,366.79 sq.m. from the Company, Warehouse Asia Alliance Co., Ltd. and WHA Alliance Co., Ltd. The Company was appointed as the property manager.

2013 - December

  • In December, the Fund held the Unitholders' Meeting to consider the 4th capital increase in additional investment comprising of 4 warehouse projects and 1 project modification in the amount of up to 4,590.0 mn. The agenda was approved by the Unitholders' Meeting and has 1 year validity period since the approval date.

2012 - February

  • In February, the Fund effected the 1st capital increase in the amount of Baht 1,827 mn to purchase and take delivery of leasehold right of 3 warehouse projects and 1 factory project for the leased premises of 107,277.4 sq.m., and the Company was appointed as the property manager.
  • The shareholders' meeting of the Company no. 1/2012 held on April 20, 2012 approved the Company to proceed with the following.
    • The Company shall be converted to a public company limited under the name of WHA Corporation Public Company Limited.
    • The par value of Baht 10 shall be changed to Baht 1 par value.
    • The registered capital shall be increased for Baht 129,400,040 from Baht 380,599,960 registered capital to be new registered capital of Baht 510,000,000 by issuance of 129,400,040 new ordinary shares at Baht 1 par value for initial public offering.

2011 - May

  • In March, the Company purchased 13,000,000 ordinary shares of WHA CTW Alliance Co., Ltd. representing 50.0% from Ms. Jitt Anantaprayoon at Baht 5.9 per share (the book value as of December 31, 2010 is Baht 8.6 per share). The Company and the group of major shareholders therefore hold the same 50% and the Company has obtained the control over the business since the said time.
  • WHA CWT Alliance changed the name to WHA Alliance.

2011 - September

  • In September, the Company decided to purchase 15,190,000 shares, representing 49.0% of shares in WHA Glomac Alliance from group of Glomac Berhad at Baht 18.8 per share, and 7,750,000 shares representing 25.5% of shares from Ms. Jitt Anantaprayoon at Baht 15.9 per share (book value as of December 31, 2010 is Baht 10.6 per share), totaling 74.0% of registered capital. The Company became the major shareholder in WHA Glomac Alliance. The group of major shareholders still holds 26.0% of shares. The Company obtained control over the business since the said time.
  • WHA Glomac Alliance changed its name to Warehouse Asia Alliance Co., Ltd.
  • The Company initiated Warehouse Farm project, consisting of Built-to-Suit project and General Warehouse project. The first Warehouse Farm was located on 72,5000 sq.m. space on Bangna-Trad Road, KM 18 under the project name of WHA Mega Logistic Center Bangna-Trad KM.18.

2011 - December

  • In December, the Company increased the registered capital from Baht 170,000,000 to Baht 380,599,960 by offering for sale of 21,059,996 newly-issued shares at Baht 10 par value at the offer price of Baht 10 per share in the total amount of Baht 210,599,960. The Company has restructured its group of businesses and made the payment for newly-issued shares as follows.
    1. To swap 8,059,998 shares of Warehouse Asia Alliance Co., Ltd. at Baht 10 in the total amount of Baht 80,599,980. The swap ratio for shares of Warehouse Asia Alliance is 1 to 1.
    2. To swap 12,999,998 shares of WHA Alliance Co., Ltd. at Baht 10 in the total amount of Baht 129,999,980. The swap ratio for shares of WHA Alliance is 1 to 1.
  • At present, the Company holds 99.9% of paid-up registered capital of two companies. Purchase of shares in both companies was intended to enhance the efficiency in management and to prepare the readiness on initial public offering for shares to be listed on the Stock Exchange of Thailand.

2010 - May

  • In May, the group of major shareholders and group of Ms. Jitt Anantaprayoon decided to purchase all of ordinary shares in WHA CTW Alliance Co., Ltd. from CTW Distribution Co., Ltd. in the amount of Baht 80 mn or Baht 12.3 per share for 6,500,000 shares. The shareholding ratio of the group of major shareholders and group of Ms. Jitt Anantaprayoon, therefore, are 50%.
  • The Company offered new product and service on Sale and Leaseback by investment in purchase and leaseback of warehouse buildings of more than 36,000 sq.m. in Bangpa-In Industrial Estate, Ayudhaya.

2010 - December

  • In December, WHA Premium Factory and Warehouse Fund* was established. The Company sold 2 warehouse buildings and 1 factory with lease space of 39,808.8 sq.m. at the value of Baht 1,283 mn to the Fund and the Company was appointed as the property manager.

*In 2011, the unitholders approved the change of fund manager of WHA Premium Factory and Warehouse Fund from MFC Asset Management Public Company Limited to Kasikorn Asset Management Co., Ltd. and the Fund's name was changed to WHA Premium Factory and Warehouse Freehold and Leasehold Property Fund ("WHAPF").

2007 - February

  • In February, WHA Alliance Co., Ltd. increased its registered capital to Baht 260 mn (paid-up capital of Baht 180 mn).
  • CWT Co., Ltd. (formerly, CWT Distribution Co., Ltd.) who provides logistics services in Singapore entered into joint venture with WHA Alliance Co., Ltd. at the ratio of 25% for 6,500,000 shares at Baht 10 par value in the total amount of Baht 65 mn while each of the group of major shareholders and group of Ms. Jitt Anantaprayoon increased the capital of Baht 7.5 mn for 750,000 shares. The shareholding ratio of the group of major shareholders and Ms. Jitt Anantaprayoon in WHA Alliance, therefore, decreased to the same 37.5%.
  • WHA Alliance Co., Ltd. changed the name to WHA CWT Alliance Co., Ltd.

2007 - March

  • In March, a subsidiary of Glomac Berhad, a group of reputable real estate developer of residential and commercial areas in Malaysia holds 15,190,000 shares, representing 49.0% of shares in Warehouse Asia Alliance by purchase of shares from the group of major shareholders and group of Ms. Jitt Anantaprayoon at Baht 10 per share in the total amount of Baht 152 mn. The group of major shareholders, therefore, holds shares in Warehouse Asia Alliance Co., Ltd. at 26% of shares.
  • Warehouse Asia Alliance Co, Ltd. changed its name to WHA Glomac Alliance Co., Ltd.

2007 - September

  • In September, WHA Corporation Co., Ltd. was incorporated with the registered capital of Baht 170 mn (paid-up capital of Baht 170 mn).

2006 - The first project

  • The group of major shareholders and group of Ms. Jitt Anantaprayoon incorporated Warehouse Asia Alliance Co., Ltd. on June 14, 2006 with the initial capital of Baht 310 mn (paid-up capital of Baht 310 mn). The group of major shareholders holds 50% of shares in Warehouse Asia Alliance Co., Ltd.
  • WHA Alliance Co., Ltd. started its construction on distribution center project with 52,913.3 sq.m. area on Bangna-Trad Road, KM 20 which was the first project to undertake the business in response to the specific requirement of customers.
  • Warehouse Asia Alliance Co., Ltd. commenced construction of air-conditioned distribution center with 52,706.8 sq.m. areas under one roof to keep medical products on Bangna-Trad Road, KM 19 which was the biggest and most modern air-conditioned distribution center in Thailand.

2003 - WHA is founded

  • The group of major shareholders together with Ms. Jitt Anantaprayoon incorporated WHA Alliance Co., Ltd. On February 28, 2003 with the registered capital of Baht 180 mn (paid-up capital of Baht 1 mn-fully paid up in 2004). The major shareholders and group of Ms. Jitt Anantaprayoon equally hold shares at 50.0% ratio.
  • WHA Alliance Co., Ltd. initiated the concept on development of the Built-to-Suit project for development of modern warehouses and distribution centers which satisfies the specific requirements of tenants.