Lanna Resources Public Company Limited, formerly Lanna Lignite Public Company Limited, Registration No. 0107535000397 (formerly Bor.Mor.Jor. 72), was initially established as a registered company on October 4, 1985 and later converted to a public company limited on December 29, 1992. The Company was given permission by the Ministry of Finance to register its ordinary shares for trading in the Stock Exchange of Thailand on July 12, 1994. The Company is listed in the Resources Group (Energy and Utilities sector). The Company has registered and changed its name to Lanna Resources Public Company Limited since May 17, 2001.
Milestones
● Lanna Resources Public Company Limited, formerly Lanna Lignite Public Company Limited, was initially established as a registered company under the name Lanna Lignite Company Limited on October 4, 1985 in order to enter into a sublease agreement for the lignite coal mining at Ban Pa Kha Subdistrict, Li District, Lamphun Province, with the Department of Alternative Energy Development and Efficiency on November 11, 1985 for a period of 20 years until November 11, 2005 and later converted to a public company limited under the name “Lanna Lignite Public Company Limited” on December 29, 1992, and was given permission to register its ordinary shares for trading in the Stock Exchange of Thailand on July 12, 1994, which is currently listed in the Resources Group (Energy and Utilities sector). The Company has registered and changed its name to “Lanna Resources Public Company Limited” since May 17, 2001.
● Lanna Resources Public Company Limited has jointly invested and established United Bulk Shipping Pte. Ltd. of Singapore in 1996, holding 49 percent of the paid-up capital to engage in ocean freight shipping business.
● Lanna Resources Public Company Limited has established Lanna (Singapore) Pte. Ltd. of Singapore in 1997, holding 100 percent of the paid-up capital to engage in the business of investing in coal mining and utility business overseas (holding company), and has registered the dissolution and liquidation of the Company on June 28, 2012 in order to restructure the investment in subsidiaries to be more efficient and effective.
● Lanna (Singapore) Pte. Ltd. has invested in the acquisition of ordinary shares in PT. Lanna Harita Indonesia of Indonesia in 1998, holding 55 percent of the paid-up capital to invest in the first coal mining in Indonesia, which has started coal production and distribution since 2001, and later in 2007 has transferred all ordinary shares in PT. Lanna Harita Indonesia to Lanna Resources Public Company Limited to directly hold shares.
● Lanna Resources Public Company Limited (“LANNA”) has invested in the acquisition of ordinary shares in Thai Agro Energy Public Company Limited (“TAE”), holding 75 percent of the paid-up capital in 2003, and has increased its shareholding proportion to 75.75 percent of the paid-up capital in 2005 in order to engage in the business of production and distribution of ethanol (99.5% anhydrous alcohol) for bio-fuel purpose that can be used by automobiles in general. On June 2, 2014, TAE was listed on the Stock Exchange of Thailand to raise funds for the investment purpose to increase efficiency in the production and distribution of ethanol, which LANNA has reduced its shareholding proportion from 75.75 percent to 51 percent of the paid-up capital. TAE has started security trading on the Stock Exchange of Thailand since June 5, 2014.
● Lanna (Singapore) Pte. Ltd. has invested in the acquisition of ordinary shares in PT. Singlurus Pratama in 2008, which is the owner of the 3rd coal mine concession in Indonesia, holding 65 percent of the paid-up capital. Subsequently, in 2009 has transferred all the ordinary shares in PT. Singlurus Pratama to Lanna Resources Public Company Limited to directly hold shares.
● Lanna Resources Public Company Limited has established Lanna Power Generation Co., Ltd. on July 7, 2016 to engage in the business of coal-fired power plants and renewable energy both domestically and overseas as the core business, with LANNA holding 99.99985 percent of the paid-up capital.
● Lanna Resources Public Company Limited (“LANNA”) has approved PT. Lanna Harita Indonesia (“LHI”) and PT. Singlurus Pratama (“SGP”), subsidiary companies in Indonesia, to sign the amendment of coal mining concession agreement with the Ministry of Energy and Mineral Resources (“MEMR”) of Indonesia in order to divest foreign or non-Indonesian shareholding from 65 percent of the paid-up capital to not more than 49 percent of the paid-up capital in accordance with the law of Indonesia (Mining Law No.4/20090. After LANNA has divested its shareholding in LHI and SGP, LANNA would still has management control in LHI and SGP, which allows for the consolidation of financial statements of LHI and SGP into consolidated financial statements of LANNA as before. In 2019, the above subsidiary companies have completed the share valuation and offered to the government agencies of Indonesia. The shareholding stipulated by the government agencies of Indonesia, which is in the process of considering the purchase of such shares, is in accordance with the divestment procedures.
● Lanna Power Generation Company Limited (“LPG”), a subsidiary company of Lanna Resources Public Company Limited (“LANNA”), on March 4, 2020 has invested in the acquisition of ordinary shares and preferred shares of SRT Power Pellet Company Limited (“SRT”) to invest in wood pellet production and distribution project of SRT in the proportion of 99.9998 percent of the paid-up capital, with a plant located in Kian Sa District, Surat Thani Province, having wood pellet production capacity of 60,000 metric tons per year.
● Lanna Power Generation Company Limited (“LPG”), a subsidiary company of LANNA, on August 30, 2021, has provided financial assistance to SRT Power Pellet Company Limited (“SRT”), a subsidiary company of LPG, conducting business in the production and distribution of wood pellet, which is currently affected by the coronavirus disease 2019 (“COVID-19”) pandemic situation causing the shortage of raw materials and had to temporarily suspend wood pellet production. LPG has provided loan to SRT of Baht 70,820,758.18 to repay existing loans to Kaikornbank Public Company Limited.
● Lanna Resources Public Company Limited on August 31, 2021 has invested in a new coal mining concession project in Indonesia of PT. Pesona Khatulistiwa Nusantara (“PKN”), in the proportion of 10 percent of the total number of shares in PKN, with a total investment of USD 5 million. PKN has been granted the 3rd Generation Coal Contract of Work from the government of Indonesia with a concession period of 30 years from 2009 to 2039, with coal mine concession located in Bulungan Regency, North Kalimantan, Indonesia.
● The Board of Directors’ Meeting No.6/2021 of Lanna Resources Public Company Limited dated December 20, 2021 has resolved to approve the restructuring of investment in SRT Power Pellet Company Limited (“SRT”), a subsidiary company conducting business in the production and distribution of wood pellet, indirectly holding shares through Lanna Power Generation Company Limited (“LPG”) of 99.99965 percent of the paid-up capital, in order to enable the management to be more flexible and efficient, by having SRT to transfer its business to LPG and to have SRT to register the dissolution and liquidation after SRT has completed the business transfer to LPG.
● On July 20, 2023, the Extraordinary General Meeting of SRT’s shareholders unanimously approved the dissolution of SRT. Subsequently, the dissolution of the business was officially registered on the same day. Currently, the Company is undergoing the liquidation process.