History Timeline

1987

Established the company on 11 June to import shrimp feed from Taiwan and raise black tiger shrimp.

1990

Began producing shrimp feed for local distribution and processed frozen products for export and reduce import of aquatic animal feed.

1994

Converted to public company limited in February to sell common shares to raise capital from the general public and in September was approved to list the common shares in the Stock Exchange of Thailand.

2004

Expanded fish feed production capacity at the Petchaburi factory and increased shareholding proportion in SMP Food Products Co., Ltd. by 11.43% to 21.43%.

2005

Reduced par value of common share from 10 baht to 1 baht and increased registered capital to accommodate warrant conversion to common shares by the company’s directors and its staffs.

2008

Cease production of fish feed at the Samut Songkram factory to shift production to the Phetchaburi factory.

2012

Awarded certification on environmental management standards system ISO 14001:2015 from Euro Veritas Certification (Thailand) Co., Ltd.

2013

• Invested 100% in Thai D Meter Co., Ltd. to sell raw materials for producing animal feed.
• Open a research and development center for aquatic animal feed at Samut Songkram Province to conduct research and development on food and specimen of economic aquatic animals.

2015

• Appointed ACM Pitthaporn Glinfueng as the Chairman of the Board.
• In July, opened a new animal feed factory in Songkhla.
• In August, signed an agreement as contract manufacturer of pet food jointly with Nutrix PCL.
• Appointed Mr. Kittiphat Chollavudhi as the Chief Executive Officer.
• Reduce shareholding proportion in Thai Luxe Food Products Co., Ld. (presently NPP Food Service Co., Ltd.) to 55% and Nippon Pack (Thailand) PCL holds the balance 45% (of paid-up capital).
• Established a new associate company, namely, NPP Food Incorporation Co., Ltd. to manage the A &W restaurant. The company holds 45% in the company and Nippon Pack (Thailand) PCL, 55% (of paid-up capital).
• Towards end of December 2015, the company’s BOD had approved to invest in the geothermal electricity generating project which is anticipated to generate revenues in 2016.

2017

• In January, Khun Arporn Seniprakornkrai resigned from the directorship position.
• In March, the company invested in 1 geothermal electricity generating project in Beppu, Oita Province via SNS Power Co., Ltd. (SNS Power).
• In February, invested in wind turbine electricity generating project at Aomori, Japan totaling 5 projects.
• In March, invested in wind turbine electricity generating project at Aomori, Japan totaling 1 project.
• In April, approved to issuance and offering of debenture within the limit of 2,000 million baht.
• In April, the Board appointed Dr Pongrak Jindasombatcharoen and Police Lieutenant Colonel Thienrath vichiensan as directors.
• In May, Dr. Denchai Akkradejdechachai resigned from his capacity as the Chairman of the Audit Committee but retain his executive director position and Police Lieutenant Colonel Thienrath Vichiensan replaces him as the Chairman of the Audit Committee.
• In July, Khun Patcharada Juthapratheep resigned from the position of Vice President – Accounting & Finance Division and was re-appointed as Vice President – Office of the Secretary to the Board of Director and the company appointed Khun Suwit Wannasirisook as her replacement.
• In July, issue and sell debenture amounting 260.5 million baht.
• In August, Khun Kittiphat Chollavudhi resigned from the position of Chief Executive Officer (CEO), a director, Managing Director and a director in all subsidiaries. The company then appointed General Chaowarit Prapajit as acting CEO and appointed Khun Suwit Wannasirisook to assume the position of company director, Managing Director and directors of subsidiaries in place of Khun Kittiphat Chollavudhi
• In August, the company enter into share purchase agreement and control authority in Fino Binary Power Plant Limited Liability Company (FINO) (Japanese juristic entity) which operates 2 geothermal electricity generating plants.
• In September 2017 the company enter into share purchase agreement and control authority in 4 companies as follow
• Beppu Tsurumi Onsen Geothermal Power Station No. 1 Liaison Company (BEPPU) (Japanese juristic entity) which operates 2 geothermal electricity generating plants.
• NIS Binary Power Plant Limited Liability Company (NIS) (Japanese juristic entity) which operates 2 geothermal electricity generating plants.
• Dual Energy Binary – Power Plant No. 1 Limited Liability Company (DUAL) (Japanese juristic entity).which operates 2 geothermal electricity generating plants.
• Lena Power Station No. 1 Limited Liability Company (LENA) (Japanese juristic entity) which operates 2 geothermal electricity generating plants.
• In September, General Chaowarit Prapajit resigned from his position as deputy Chairman of the Board but retained his directorship position. Also appointed DR. Pongrak Jindasombatcharoen to the deputy Chairman of the Board position and appointed General Chaowarit Prapajit as the company’s CEO.
• In October, invested in P Green Energy Co., Ltd. (a Japanese juristic entity established in Japan).
• In November, repaid principal of a debenture totaling 500 million baht (not include interest) (please refer to the issuance and offering of debenture on 18 February 2016 of 500 million baht).
• In December, approved to invest in 9 geothermal electricity generating projects at Beppu, Oita Province, Japan.

2019

• Certified and become a member of Thailand's Private Sector Collective Action Coalition Against Corruption (CAC) completely for the first quarter of 2018.

  In September, the name was changed to PP Prime Public Company Limited. The group of companies under management are Thai Luxe Enterprise (Thailand) Company Limited, Tlux Power Company Limited, Tlux Global Company Limited. Business Co., Ltd.

2021

• Amend the terms and conditions of the TLUXE213A debentures to extend the maturity period of the debentures from the original maturity date of March 18, 2021 to the maturity date of March 18, 2023, and to change the interest payment date for debentures every 6 months, payable every March 21 and on March 21. September of every year throughout the term of the debentures and amended the debenture interest rate to 8.59% per annum and amended the terms and conditions by waiving the conditions for maintaining the debt to equity ratio.
• Amend the terms and conditions of the TLUXE205A debentures to extend the redemption maturity period from the original maturity date of May 8, 2021 to the maturity date of May 8, 2023, and change the interest payment date for debentures every 6 months, payable every February 8 and on the 8th. August of every year throughout the term of the debentures and change the interest rate of the bonds to 7.06% per year and change the location of the machinery used as collateral for the bonds.
• Amend the terms and conditions of the TLUXE198A debentures to extend the maturity period for debentures from July 2, 2021 to July 2, 2023, and change the interest payment date for debentures every 6 months, payable every May 2. and on November 2 of each year throughout the term of the debentures. and amended the debenture interest rate to 7.83% per annum and amended the terms and conditions by waiving the conditions for maintaining the debt to equity
  ratio.
• Cancellation the settlement of the difference in proceeds from the sale of shares of Star Universal Network Public Company Limited for the debenture series TLUXE205A.
• Change of the head office location at 62 62/1 Village No. 2, U Tapao Rd., Nong Chumphon Sub district, Khao Yoi District, Phetchaburi Province.
• Increased the registered capital of the company in the amount of 1,669,041,301 baht from the original registered capital of 916,901,123 baht to the registered capital of 2,585,942,424 baht to accommodate the offering of newly issued ordinary shares to the existing shareholders in proportion to their shareholding (Right Offering).
• Amend the exercise price of PPPM W4 to be able to adjust the exercise price to be lower than the par value of the Company's shares.
• Cancellation of Samut Songkhram Provincial Branch Office. Address at 69/5 Village No. 5, Rama 2 Road (Km.71), Bang Khan Taek Subdistrict Mueang Samut Songkhram District Samut Songkhram Province.
• Increase the registered capital of the company in the amount of 510,000,000 baht from the original registered capital of 2,585,942,424 baht is the registered capital of 3,095,942,424 baht to support the issuance and offering of convertible debentures to specific investors.
• Close a subsidiary Wind Power A Co.,Ltd . (a subsidiary in Hong

2023

• TLUXE205A Bondholders' Meeting No. 1/2023 was held, and the meeting resolved to approve the extension of the maturity date for TLUXE205A bonds for another year.
• Approved the release of the mortgage on land title deeds Nos. 12516, 12532, and 12533, along with buildings, in Samut Songkhram Province, as collateral for the bonds.
• Approved the registration of some leasehold rights in the home office building at People Park Shopping Center on On Nut Road as business collateral.
• The Company has been a member of the Thailand's Private Sector Collective Action Coalition against Corruption (CAC) since February 2018. The Company's certification was renewed on December 31, 2020, for a period of three years, commencing on December 31, 2020, and expiring on December 31, 2023.
• PP Prime Public Company Limited (PPPM) was selected to receive the award. Sustainability Disclosure Acknowledgement for 2023, the second consecutive year, from the Thaipat Institute, by the Board of Directors and the Sustainable Development Committee.
• Increase the Company's registered capital by 12,358,187,147 baht from the original registered capital of 11,824,853,815 baht.

1989

Built aquatic animal feed factory and the factory to process frozen shrimp at Samut Songkram Province.

1993

Add fish feed production line and was awarded an outstanding company for export of agricultural industry products in 1993.

1998

Ceased the production of processed frozen food due to economic recession in the country.

1999

Open a new factory in Petchaburi Province to produce aquatic animal feed and move shrimp feed production to the new factory. Invested up to 10% in SMP Food Products Co., Ltd. which produces processed frozen shrimp for local and overseas distribution.

2001

Awarded the quality standards certification system ISO 9002 from UKAS, United Kingdom. The factory is the first of its kind in Thailand to have been certified under ISO 9002.

2003

Awarded the quality standards certifications system ISO 9001:2000 from UKAS, United Kingdom and the shrimp feed factory was awarded the quality standard certification system GMP and HACCP from the Department of Livestock Development which is the first shrimp feed factory in Thailand to have received certifications from 2 systems and also received Q Mark certification from the Department of Livestock Development.

2007

The fish feed factory in Phetchaburi received quality standards for production system by GMP and HACCP from the Department of Livestock Development resulting in the company having received certifications on complete production system.

2009

Awarded quality certification system standards ISO 9001:2008 and changed the company’s logo for sustainable development. The new logo reflects step by step progress towards the ultimate success, paying attention to the environment and the society.

2011

• Increase registered capital to accommodate warrant conversion to common shares by the existing shareholders, company’s directors and its staffs and to accommodate the issuance of Taiwan Depository Receipts: TDRs.
• Began the aquatic animal hatchery business.
• Awarded the Best Performing Company title and the senior management was awarded ‘outstanding management’ and are eligible to compete for the title “CEO Awards” in the SET AWARDS 2011 organized by the Stock Exchange of Thailand.
• Increased shareholding proportion in SMP Food Products Co., Ltd. by 74.97% to 96.43% and changed the status from associate to subsidiary.

2014

• Increased the proportion of shareholding in SMP Food Products Co., Ltd. to 97.79% and changed the name to Thai Luxe Food Products Co., Ltd. (presently MPP Food Service Co., Ltd.).
• Awarded certification on standards system ISO/IECT 17025:2005 from the Department of Science Service with the scope on protein and fat in order to gain trust and creditability in the test outcome produced by the company’s operating room.

2016

• In January, the extraordinary shareholder meeting approved to issue debenture within the limit of 1,500,000,000 baht.
• In February, the company invested in the common shares of ACAP Advisory PCL (“ACAP”) in the value not exceeding 280 million baht and the company entered into an agreement to rent the People Park Project Onnut which is a home office project totaling 8 units for the rental period of 18 years to develop the pet food business to become PET CENTER or comprehensive service center for pet lovers (at the present the People Park project is in the middle of construction and the company shall begin to pay rent upon occupying the place).
• In February, established T Luxe Power Co., Ltd., a Thai juristic entity. The company holds 100% share of its registered capital of 100,000,000 baht.
• In April, established T Luxe Investment Co., Ltd., a Mauritius-based juristic entity with registered capital of USD 10,000.- 100% owned by T Luxe Power Co., Ltd., then established T Luxe Holding Co., Ltd., a Hong Kong-based juristic entity with registered capital of USD 10,000.-, 100% owned by T Luxe Investment Co., Ltd. to invest in the geothermal electricity generating business.
• In May, the company acquired the business (4 geothermal electricity generating units) from PPSN Co., Ltd., a Japanese juristic entity.
• In June, 2 geothermal electricity generating units began to commercially generate revenues (COD) and the company bought the business from Sumo Power Co., Ltd. (SUMO), a Japanese juristic entity which owns 8 units of geothermal electricity generating units.
• Furthermore, the company entered into a new agreement involving contract manufacturing of pet food jointly with Nutrix PCL.
• In July, the company sold all the shares in Thai Luxe Food Products Co., Ltd. and in NPP Food Incorporation Co., Ltd. to Nippon Pack (Thailand) PCL.
• In August, the company entered into a joint venture with Setouchi Natural Energy Co., Ltd. (Setouchi) via PPSN Co., Ltd. (PPSN) by establishing a new company, namely, M Luxe Energy Co., Ltd. (M-LUXE), a Japanese juristic entity. PPSN holds 25% in M-Luxe whereas Setouchi holds 75% of its registered capital of 10 million yen.
• Towards year end, PPSN established Otoyama Co., Ltd. (100% owned by PPSN) and SUMO established S Power Co., Ltd. and SNS Power Co., Ltd. (100% owned by SUMO) applied to seek approval to manage the existing electricity generating projects.

2018

• July
  - Issuing and offering new ordinary shares of the Company To existing shareholders (RO) 281.5 million shares

  August
  - Appointed Mr. Princhanantharanon to take a position Chairman of the Board of Directors
  - Appointed Mr. Woon Attakon to take a position Chief Executive Officer And Chief Executive Officer
  - Appointed Mr. Praween Dee Kajorndej to take a position Director of Accounting and Finance
  - Appoint Mr Boonjarang Chonwiroj to take a position Audit Committee
  - Appointed Mr. Tira Kitijarurat Acting as Director and Executive Director

  June
  - Receive a certificate from the Ministry of Industry To certify that Thai Luxe Enterprise (Thailand) Company Limited is the third level green industry

  

2020

• Establish a Overseas investment committee.
• Amend the terms and conditions to extend the maturity of TLUXE205A debentures from the original maturity date of May 8, 2020 to the maturity date of May 8, 2021 by partial redemption of 15% (30 million baht) of the debentures and the redemption of STAR shares. Star Universal Network Public Company Limited in the amount of 18,900,200 shares for sale and repayment of debentures in full amount. and amended the terms and conditions by exempting the
  conditions for maintaining the debt to equity ratio.
• Amend the terms and conditions to extend the maturity of the TLUXE198A debentures from the original maturity date of July 2, 2020 to the maturity date of July 2, 2021 by partial redemption of 20% (63.9 million baht) of the debentures.
• Amend the terms and conditions of the PPPM213A debentures on maintaining the debt to equity ratio from 3:1 to 7:1.
• Amend the terms and conditions of TLUXE198A debentures on maintaining the debt to equity ratio from 3:1 to 7:1.
• Decrease the registered capital of the company in the amount of 209,200,252 baht from the original registered capital of 1,126,101,375 baht, the registered capital is 916,901,123 baht by canceling unissued registered ordinary shares.
• Redemption of land with buildings and vacant land in Samut Songkhram Province and the shares of Tluxe Power Co., Ltd. were released as collateral and used the machinery in Songkhla Province. come as collateral instead for debenture model TLUXE205A

2022

• Increase the registered capital of the company in the amount of 135,000,000 baht from the original registered capital of 3,095,942,424 baht is the registered capital of 3,230,942,424 baht to accommodate the exercise of convertible debentures issued and offered for sale through a private placement in accordance with the resolution of the Extraordinary General Meeting of Shareholders No. 3/2021 held on November 24, 2021.
• Increase the registered capital of the company in the amount of 10,719,376,743 baht from the original registered capital of 3,230,942,424 baht is the registered capital of 13,950,319,167 baht baht.
  (1) The issuance and offering to existing shareholders in proportion to their shareholding without allocating to shareholders who would make the company liable under foreign law
  (2) The exercise of warrants to purchase ordinary shares of the Company No. 5 (PPPM W5)
  (3) The adjustment of the exercise ratio of the warrants to purchase ordinary shares of PP Prime Public Company Limited No. 4 (PPPM W4).
  (4) To accommodate the exercise of convertible debentures issued and offered for sale to specific investors in accordance with the resolution of the Extraordinary General Meeting of Shareholders No. 3/2021 held on November 24, 2021.
• Early redemption of all PPPM213A debentures In the amount of 186,840,000 baht with interest and payment of a fee for early redemption of debentures to each debenture holder in the rate is equal to 0.25 percent of the principal amount of debentures that the Company repays to each debenture holder.
• Early redemption of all TLUXE198A debentures In the amount of 225,720,000 baht with interest and pay a fee for the early redemption of the debentures to each debenture holder at a rate equal to 0.25 percent of the principal amount of debentures that the Company repays to each debenture holder.
• Decrease the registered capital of the company 1,275,078,053 baht from the original registered capital of 13,950,319,167 baht is the registered capital of 12,675,241,114 baht by canceling unissued registered ordinary shares shares.
  (1) The issuance and offering of newly issued ordinary shares to existing shareholders in proportion to their shareholding. without allocating to shareholders who would make the company liable under foreign law
  (2) The issuance and offering of warrants to purchase ordinary shares of the Company No. 5 (PPPM W5) allocated to the existing shareholders of the Company who subscribe and receive the newly issued ordinary shares Issued and offered to existing shareholders in proportion to their shareholding. without allocating to shareholders who will cause the company to be liable under foreign law
• Increase the registered capital of the company 2,300,000,000 baht from the original registered capital of 12,675,241,114 baht is the registered capital of 14,975,241,114 baht to accommodate the exercise of convertible debentures for specific investors.
• Partial early redemption of TLUXE205A debentures In the amount of 60,000,000 baht plus interest and pay a fee for the early redemption of the debentures to each debenture holder at a rate equal to 0.15 percent of the principal amount of debentures that the Company repays to each debenture holder.
• Received the Sustainability Disclosure Acknowledgment Award 2022 organized by Thaipat Institute.

2024

• Appointment of Vice President
• Decreased the Company's registered capital by 1,443,132,226 baht from 14,975,241,114 baht to 13,532,108,888 baht by canceling 1,443,132,226 unissued common shares
• Increased the Company's registered capital by 12,580,409,369 baht from the previous registered capital of 12,358,187,147 baht
• Increased the Company's registered capital by 12,802,631,380 baht from the previous registered capital of 12,580,409,369 baht
• Decreased the Company's registered capital by 13,805,503,436 baht from the previous registered capital of 14,532,108,880.00 baht to 726,605,444 baht
• Appointment of Directors Appointment of a Chief Executive Officer
• Increased the registered capital of the company by 640,131,631 baht from the existing registered capital of 640,131,569 baht
• Increased the registered capital of the company by 770,440,494 baht from the existing registered capital of 640,131,631 baht
• Increased the registered capital of the company by 770,592,734 baht from the existing registered capital of 770,440,494 baht
• Conducted a GMP & HACCP standard assessment to renew certification (Re-Cert.) and upgrade the standard system to GHP and HACCP
• PP Prime received CAC membership renewal certification for the second consecutive year
• PP Prime received the Sustainability Disclosure Acknowledgement Award for 2024, for the third consecutive year