Shareholder Structure
Carmeuse Group
Carmeuse group is indirectly shareholding which hold shares in CE LIME (Thailand) Ltd., the major shareholder of Golden Lime Public Company Limited (SUTHA.)
Website : www.carmeuse.com
Founded in 1860, in the middle of the industrial revolution, by L?on Collinet, the Belgian-based, family-owned quarrying operation Carmeuse has grown into a global presence in the limestone and lime products industry.
Carmeuse succeeded in bringing together several independent quarries to become one of the major Belgian players and in getting through the wars and crises of the 20th century. Beyond the figures, balance sheets, difficulties and successes, this is the story of a great adventure. The story of thousands of " Carmeusians " who, throughout a century and a half of work, passion and commitment, contributed to making Carmeuse a Belgian industry flagship worldwide.
At the beginning of the eighties, the company expanded outside its borders. First in the neighboring countries like France and the Netherlands but also in Italy and then rapidly in the United States and Canada.
During the nineties, it continued to grow in Turkey and West Africa.
At the turn of the century, Carmeuse took on a new dimension in Central Europe.
Carmeuse is now one of the major producers of lime and limestone related products including quick lime, hydrated lime and dolomite. Its products are used in numerous and unsuspected applications providing for daily and essential needs.
An industrial saga of that sort can only be built upon and perpetuated by the unfailing respect of essential values. Such values have guided the " Carmeusians " throughout their history and still prevail today.
GP Group
GP group is indirectly shareholding which hold shares in CE LIME (Thailand) Ltd., the major shareholder of Golden Lime Public Company Limited (SUTHA.)
Website : www.premjee.com
History
Key Events That Have Shaped the GP Group for Over a Century
1868 GP Group was officially founded in Yangoon, Myanmar Named after two men, a merchant and his son – Ketsee and Devjee – the company was called Gangjee Premjee & Co, and specialized in trading rice sourced from Burma, Vietnam, and Thailand.
1918 Gangjee Premjee & Co moved its operational base to Thailand and Premjee’s only son Chimanlal became the only non-Chinese rice trader in Bangkok.The Premjee family later adopted the surname “Shah,” which means “merchant” or “trader” in the West Indian region of Gujarat. Chimanlal then became widely known as “the Shah of Bangkok” for his hospitality, extending an open-door policy to the local Indian community.
1976 Chimanlal’s son, Kirit, was encouraged by his father to travel the world for fresh ideas and to meet with present and prospective customers. He returned from the trip with a realization that the company needed diversification. Thanks to his vision, Gangjee & Premjee & Co began dealing in a wide variety of commodities.
1980s When Kirit was appointed Chairman of the Group, he continued to diversify, adding heavy industries such as coal and steel, to consumer goods like cooking oil and canned goods to the portfolio. He also formed new companies including the first Thai enterprise to manufacture raw pharmaceutical chemicals.Kirit also guided the launch of Precious Shipping Ltd., the first dry bulk company to sail its way onto the Stock Exchange of Thailand.
1990s The company was renamed to G Premjee. It added real estate and construction ventures to its portfolio. By
1996, G Premjee owned or had interests in over 150 different companies. The company, now called the GP Group, enjoyed a remarkable recovery during the Asian Economic Crisis of 1997.
2002 After graduating from Boston University, Kirit’s eldest daughter Nishita joined the Shah family business, serving as the director on various boards ranging from shipping and mining to pharmaceuticals and aviation.
2006 With 44 vessels, Precious Shipping Ltd. became Thailand’s second largest shipping company. Its financial performance was ranked no. 1 internationally by the prestigious Marine Money magazine.
2007 Nishita was appointed Managing Director of the GP Group. She became the Group’s new public face and was also included on the Top 20 list of richest tycoons by Forbes Asia.
2013 Chairman Kirit Shah turned 60, while the company celebrated 145 years of its success as a family business.
Golden Lime Engineering Company Limited (“GLE”)
Update Latest : 31 May 2020
Address
89 Cosmo Office Park, 6th Floor, Unit H, Popular Road, Banmai, Pakkret, Nonthaburi 11120, Thailand
Business Operation
Golden Lime Engineering Company Limited (“GLE”) is established on 15 March 2017 by Golden Lime Public Company Limited (the major shareholder) for the purpose of the Engineering consulting services and Engineering designs, production and supply of machinery/equipment and sparepart including supervisory of installation.
Registered and paid-up capital
GLE has total registered capital and paid-up capital of THB 20 million, comprising an aggregate number of 2,000,000 ordinary shares, with par value of THB 10.
Shareholders of the Company
List of shareholders of GLE as at 31 May 2020
| No | Name | No. of shares | % comparing to the total paid-up shares | % comparing to the total voting rights |
|---|---|---|---|---|
| 1 | Golden Lime Public Company Limited | 1999998 | 99.99990 | 100.00 |
| 2 | Mr.Ishaan Shah | 1 | 0.00005 | |
| 3 | Mr.Krishnan Subramanian Aylur | 1 | 0.00005 | |
| Total | 2,000,000 | 100.00 | 100.00 |
The Board of Directors of the Company
Members of the Board of Directors of GLE as at 31 May 2020
| No | Name | Position |
|---|---|---|
| 1 | Mr. Bernard Jules A Maiter | Director |
| 2 | Mr. Krishnan Subramanian Aylur | Director |
| 3 | Mr. Geza Emil Perlaki | Director |
| 4 | Mr. Ishaan Shah | Director |
Authority of the authorized Directors of the Company
Any two of Directors jointly sign with company seal affixed
Saraburi Quicklime Company Limited (“SQL”)
Update Latest : -
| Company Name | Saraburi Quicklime Company Limited (“SQL”) |
| Date of Acquisition of Share on | 19 March 2018 |
| Location | 39/2 Moo. 9, Pukkgrang Sub-district, Phabudhabaht district, Saraburi 18120. |
| Business operation | Manufacturer and distributor of Lime (Calcium Oxide and Calcium Hydroxide) |
| Registered Capital | THB 38,800,000 number of shares 48,500 Ordinary shares with par value of THB 800 |
| Paid-up Capital | THB 38,800,000 |
| Registered the liquidation date on 17 December 2019 The liquidators are; | 1. Mr. Geza Emil Perlaki 2. Mr. Krishnan Subramanian Aylur |
| The liquidator can jointly perform on behalf of the Company unless in following event which | Define separate authorization is any process to complete the company dissolution and liquidation, one liquidator can sign |
The board of directors of Golden Lime Public Company Limited (“the Company or SUTHA”) No. 3/2019 has the resolution on May 14, 2019 to consider the restructuring of a company group as the Company will acquire the entire business of Saraburi Quicklime Co., Ltd (“SQL”), a subsidiary of the Company, under the entire business transfer scheme (“EBT”). By proposing to the Extraordinary General Meeting of Shareholders No. 1/2019, which held on 14 August 2019, approving the implementation of the said plan. The value of the purchase and transfer of the entire business is approximately 209 million baht, which is the preliminary value, which the Executive Committee meeting of the company held on July 19, 2019 has disclosed the value from the fair value. The said value is calculated from the appraisal price of land, building and equipment evaluated by the independent appraiser and net book value of the entire business. However, the said value can be altered according to the change of net book value of shareholder’s equity of SQL at the effective date. And requested the shareholders’ meeting to authorize the board of directors, executive committee, authorized director(s); and/or person(s) entrusted by the board of directors executive committee and/or authorized director(s) to be empowered to approve, determine and/or amend the details and any conditions in connection with or necessary for the above entire business transfer transactions such as the date of transfer, price and term of payment including negotiation, discussion and signing in the documents and other relevant agreements and any actions which are necessary for entire business transfer and liaison with government authorities by the Company appointed the Legal & Tax Advisor from KPMG Phoomchai Tax Ltd. to proceed until process completed.
The acquisition of entire business was done completely on December1, 2019, with a total purchase and business transfer value of 123.20 million baht. The said value is a fair value which is calculated from the appraisal price of land, building and equipment evaluated by the independent appraiser and net book value of the entire business as of November 30, 2019. In this regard, SUTHA registered the business which acquired from Saraburi Quicklime Co., Ltd. as the Branch No. 00004 and there is a transfer of a factory operation license. Including all operating permits and ownership of land and buildings, other assets include cash, bank deposits, trade accounts receivable. And all other current assets as well as the debt burden with trade and financial institution creditors to Golden Lime Public Company Limited, the transferee of business. And Saraburi Quicklime Co., Ltd.(a subsidiary company) registered the dissolution with the appointment that the company's liquidator on 17 December 2019 with the Department of Business Development Ministry of Commerce Currently, the company is in the process of liquidation.
Due to the restructuring of group of company under the common control, this restructuring transaction is not subject to the regulation of the acquisition or disposition of assets pursuant to Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets dated 31st August 2008 and Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets B.E. 2547 dated 29th October 2004 and also, not subject to the regulation of the connected transactions according to Notification of the Capital Market Supervisory Board No. TorChor. 21/2551 Re: Rules on Connected Transactions dated 31st August 2008 and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Connected Transactions B.E. 2546 dated 19th November 2003. However, to comply with section 107 (2)(b) of the Public Limited Company Act B.E. 2535, the Company will present this matter to shareholders’ meeting for approval.
The acquisition of the entire business of SQL in order to have only the Company undertaking this business. Please see the details of the restructuring plan below.
Note : As of 1 December 2019 is in the process of liquidation.
Which takes approximately not less than 1 year
The restructuring of a company group will increase the effectiveness and benefits to the group of companies as follows:
- The Company would be the operator to conduct the business of manufacture and distributor of Lime solely, as by acquiring SQL’s business altogether, it will increase the effectiveness of its management and operation in term of business and legal for approval processes from directors and shareholders.
- Due to the restructuring of a group of company, the Company, as a public company limited and listed on the SET, will be the transferee company and will be enhance the trustworthiness as well as increase confidence to business partners, investors, and distributors for future business expansion.
- The restructuring of a company group under the EBT scheme will decrease the related party transaction between the company with a subsidiary company and it will reflex an actual value of business of manufacture and distribute of Lime and decrease the costs and other unnecessary expense. By EBT method, the Company has less costs and saving tax.
- The EBT will be undertaken in accordance with the Thai Revenue Code and there will be no tax implications on transferring assets pursuant to section 74 (b)(c) and VAT would be exempted as it is not considered as a sale pursuant to section 77/1 (8)(f) including relevant taxes such as specific business tax and stamp duty.
Golden Lime Public Company Limited
| Free Float As of 14/03/2022 | |
|---|---|
| Minor Shareholders (Free float) | 1,491 |
| % Shares in Minor Shareholders (% Free float) | 21.56 |
| Overview As of 14/03/2022 Rights Type : XM | |
|---|---|
| Total Shareholders | 1,642 |
| % Shares in Scripless Holding | 100.00 |
Major Shareholder as of 10 March 2025
| NO | NAME | NUMBER OF SHARES | % SHARES |
|---|---|---|---|
| 1 | ºÃÔÉÑ· «ÕÍÕ äÅÁì (»ÃÐà·Èä·Â) ¨Ó¡Ñ´ | 276,725,575.00 | 76.36 |
| 2 | ¹ÒÂPUN SARASAS | 16,507,700.00 | 4.56 |
| 3 | ¹ÒÂKHANPETCH SARASAS | 11,267,000.00 | 3.11 |
| 4 | BANQUE PICTET & CIE SA | 5,000,000.00 | 1.38 |
| 5 | ¹.Ê.µéͧÃÑ¡ ¡Ô¨ÇѲ¹ªÑ | 4,200,000.00 | 1.16 |
| 6 | MISSANUSARA PUTTARAKSA | 3,035,200.00 | 0.84 |
| 7 | ¹ÒÂKITISAK PIYAPATANA | 2,411,100.00 | 0.67 |
| 8 | ¹ÒÂÍѤþ§Éì ⪵ԤéÓǧÈì | 2,224,450.00 | 0.61 |
| 9 | MR.NATTAPAN TANUNGTANURAK | 2,000,000.00 | 0.55 |
| 10 | MISSJINTANA THANAVUTVATTHANA | 1,411,125.00 | 0.39 |
