Investment Structure

      The Company has invested in five subsidiary companies both direct and indirect shareholding exceeding 50 percent of the paid-up capital, and in one associated company in direct shareholding of 49 percent of the paid-up capital, according to the investment structure and profile of each company as at December 31, 2019 below.

Subsidiary Locations
Investment Structure
Overall Business Structure

Details of Subsidiary Company Registered in Thailand

Thai Agro Energy Co., Ltd.
Location: 888/114 Mahathun Plaza Bldg., 11th Floor, Ploenchit Rd., Pathumwan, Bangkok 10330
Tel.: 02-627-3890-94, Fax: 02-627-3888-89
Type of Business: Listed company in the Stock Exchange of Thailand with a business of Production and Distribution of Ethanol-for-Fuel (99.5% Anhydrous Alcohol by volume) The ethanol is a clean fuel used in 10%, 20% and 85% mixture as Gasohol E10, E20 and E85 for automobiles.
Registered Capital: 1,000,000,000 ordinary shares at Baht 1 per share totaling Baht 1,000,000,000
Paid-up Capital: 1,000,000,000 ordinary shares at Baht 1 per share totaling Baht 1,000,000,000
Company’s Shareholding: 510,000,000 ordinary shares at Baht 1 per share totaling Baht 510,000,000
Shareholding Proportion: Direct shareholding of 51 percent of paid up capital
Lanna Power Generation Co.,Ltd.
Location: 888/98 Mahathun Plaza Bldg., 9th Floor, Ploenchit Rd., Pathumwan, Bangkok 10330
Tel.: 02-252-4469, Fax: 02-255-2676
Type of Business: Power Generation and Distribution
Registered Capital: 2,000,000 ordinary shares at Baht 5.00 per share totaling Baht 10,000,000
Paid-up Capital: 2,000,000 ordinary shares at Baht 5.00 per share totaling Baht 10,000,000
Company’s Shareholding: 1,999,997 ordinary shares at Baht 5.00 per share totaling Baht 9,999,985
Shareholding Proportion: Direct shareholding of 99.99985 percent of the paid-up capital

Details of Associated Company Registered in Singapore

United Bulk Shipping Pte. Ltd.
Location: 7 Temasek Boulevard #16-01, Suntec Tower One, Singapore 038987,
Tel.: (65) 6305-7368, Fax: (65) 6238-1301
Type of Business: Ocean Freight Shipping
Registered Capital: 1,000,000 ordinary shares at USD 0.71429 per share totaling USD 714,290
Paid-up Capital: 100,000 ordinary shares at USD 0.71429 per share totaling USD 71,429
Company’s Shareholding: 49,000 ordinary shares at USD 0.71429 per share totaling USD 35,000
Shareholding Proportion: Direct shareholding of 49 percent of the paid-up capital

Details of Subsidiary Companies Registered in Indonesia

PT. LANNA POWER INDONESIA (FORMERLY PT. LANNA MINING SERVICES)
Location: The City Tower, 9th Floor #1S, JL.MH. Thamrin No. 81, Jakarta Pusat 10310, Indonesia,

Tel.: 62(21) 3199-7214, Fax: 62(21) 3199-7254

Type of Business: Coal Trading
Registered Capital: 21,000 ordinary shares at USD 100 per share totaling USD 2,100,000
Paid-up Capital: 21,000 ordinary shares at USD 100 per share totaling USD 2,100,000
Company’s Shareholding: 20,990 ordinary shares at USD 100 per share totaling USD 2,099,000
Shareholding Proportion: Direct and indirect shareholding of 99.975 percent of the paid-up capital
PT. Singlurus Pratama
Location: The City Tower, 9th Floor #1S, JL.MH. Thamrin No. 81, Jakarta Pusat 10310, Indonesia,
Tel.: 62(21) 3199-7252; Fax: 62(21) 3199-7254
Type of Business: Coal Production and Distribution
Registered Capital: 7,950 ordinary shares at Indonesian Rupiah 1,000,000 per share totaling Indonesian Rupiah 7,950,000,000
Paid-up Capital: 7,950 ordinary shares at Indonesian Rupiah 1,000,000 per share totaling Indonesian Rupiah 7,950,000,000
Company’s Shareholding: 5,168 ordinary shares at Indonesian Rupiah 1,000,000 per share totaling Indonesian Rupiah 5,168,000,000
Shareholding Proportion: Direct shareholding of 65 percent of the paid-up capital
PT. Lanna Harita Indonesia
Location: The City Tower, 9th Floor #1S, JL.MH. Thamrin No. 81, Jakarta Pusat 10310, Indonesia ,
Tel.: 62(21) 3199-7245, Fax: 62(21) 3199-7254
Type of Business: Coal Production and Distribution
Registered Capital: 10,500 ordinary shares at USD 1,000 per share totaling USD 10,500,000
Paid-up Capital: 8,000 ordinary shares at USD 1,000 per share totaling USD 8,000,000
Company’s Shareholding: 4,400 ordinary shares at USD 1,000 per share totaling USD 4,400,000
Shareholding Proportion: Direct shareholding of 55 percent of the paid-up capital