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\n Lanna Resources Public Company Limited<\/strong>, formerly Lanna Lignite Public Company Limited, Registration No. 0107535000397 (formerly Bor.Mor.Jor. 72), was established as a registered company on October 4, 1985, and later converted into a public company on December 29, 1992. On July 12, 1994, the Ministry of Finance granted approval for the Company\u2019s ordinary shares to be listed on the Stock Exchange of Thailand under the Resources Group (Energy and Utilities Sector). The Company officially changed its name to Lanna Resources Public Company Limited on May 17, 2001.\n <\/p>\n<\/p><\/div>\n <\/p>\n
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Material changes and developments<\/h4>\n\n
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Year 2024<\/div>\n
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\u25cf<\/span>On October 4, 2024, there was a change in the shareholding structure of the Company\u2019s major shareholder. Siam City Cement Public Company Limited (\u201cSCCC\u201d) increased its shareholding in the Company from 44.99% to 61.44% of the Company\u2019s total voting rights. This resulted from a tender offer for the Company\u2019s securities made by Sunrise Equity Company Limited (\u201cSunrise\u201d) together with Siam City Cement Public Company Limited (\u201cSCCC\u201d), the Company\u2019s major shareholder (collectively referred to as the \u201cTender Offerors\u201d), during the period from August 29, 2024 to October 2, 2024, in accordance with the criteria relating to the acquisition of significant control in a juristic person that already holds shares in the company (Chain Principle).\n <\/div>\n\n
\u25cf<\/span>In March 2024, a resolution was approved for the Company to invest in a solar power plant project to generate and supply electricity to the plant of Thai Agro Energy Public Company Limited (\u201cTAE\u201d), located in Dan Chang District, Suphan Buri Province. The Company assigned Lanna Power Generation Company Limited (\u201cLPG\u201d), a subsidiary company, to invest in and develop a ground-mounted solar power project (Solar Farm) with a capacity of 1.20 megawatts (MW). The electricity generated will be supplied to TAE under a Private Power Purchase Agreement (Private PPA) for a period of 15 years. The project has an estimated investment budget of approximately Baht 25 million, with commercial operation expected to commence by May 2026.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 2023<\/div>\n
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\u25cf<\/span>On July 20, 2023, the Extraordinary General Meeting of Shareholders of SRT Power Pellet Company Limited (\u201cSRT\u201d) unanimously approved the dissolution of SRT. The dissolution was registered on the same day, and the Company is currently in the process of liquidation.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 2021<\/div>\n
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\u25cf<\/span>On August 30, 2021, Lanna Power Generation Company Limited (\u201cLPG\u201d), a subsidiary of LANNA, provided financial assistance to SRT Power Pellet Company Limited (\u201cSRT\u201d), a subsidiary of LPG engaged in the production and distribution of wood pellets. Due to the impact of the COVID-19 pandemic, SRT experienced a shortage of raw materials and was required to temporarily suspend its production. To support its financial obligations, LPG granted a loan of Baht 70,820,758.18 to SRT to repay its existing loan from Kasikornbank Public Company Limited.\n <\/div>\n\n
\u25cf<\/span>The Board of Directors\u2019 Meeting No. 6\/2021 of Lanna Resources Public Company Limited, dated December 20, 2021, resolved to approve the restructuring of the Company\u2019s investment in SRT Power Pellet Company Limited (\u201cSRT\u201d), a subsidiary engaged in the production and distribution of wood pellets. The Company indirectly held 99.99965 percent of SRT\u2019s paid-up capital through Lanna Power Generation Company Limited (\u201cLPG\u201d). The restructuring was intended to enhance management flexibility and operational efficiency by transferring SRT\u2019s business operations to LPG. Upon completion of the business transfer, SRT will proceed with its dissolution and liquidation.\n <\/div>\n\n
\u25cf<\/span>On August 31, 2021, Lanna Resources Public Company Limited invested in a new coal mining concession project in Indonesia through PT Pesona Khatulistiwa Nusantara (\u201cPKN\u201d), representing 10 percent of PKN\u2019s total shares, with a total investment of USD 5 million. PKN has been granted a Third Generation Coal Contract of Work (CCoW) by the Government of Indonesia with a concession period of 30 years (2009\u20132039). The coal mining concession is located in Bulungan Regency, North Kalimantan, Indonesia.\n <\/div>\n\n
\u25cf<\/span>On August 30, 2021, Lanna Power Generation Company Limited (\u201cLPG\u201d), a subsidiary of LANNA, provided financial assistance to SRT Power Pellet Company Limited (\u201cSRT\u201d), a subsidiary of LPG engaged in the production and distribution of wood pellets. Due to the impact of the COVID-19 pandemic, SRT experienced a shortage of raw materials and was required to temporarily suspend its production. To support its financial obligations, LPG granted a loan of Baht 70,820,758.18 to SRT to repay its existing loan from Kasikornbank Public Company Limited.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 2020<\/div>\n
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\u25cf<\/span>On March 4, 2020, Lanna Power Generation Company Limited (\u201cLPG\u201d), a subsidiary of Lanna Resources Public Company Limited (\u201cLANNA\u201d), invested in the acquisition of ordinary and preferred shares of SRT Power Pellet Company Limited (\u201cSRT\u201d) to invest in SRT\u2019s wood pellet production and distribution project in the proportion of 99.9998 percent of SRT\u2019s paid-up capital. The project\u2019s production plant is located in Kian Sa District, Surat Thani Province, with a wood pellet production capacity of 60,000 metric tons per year.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 2019<\/div>\n
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\u25cf<\/span>Lanna Resources Public Company Limited (\u201cLANNA\u201d) approved PT Lanna Harita Indonesia (\u201cLHI\u201d) and PT Singlurus Pratama (\u201cSGP\u201d), its subsidiaries in Indonesia, to sign amendments to their coal mining concession agreements with the Ministry of Energy and Mineral Resources of Indonesia (\u201cMEMR\u201d) in order to divest foreign or non-Indonesian shareholding from 65 percent to not more than 49 percent of the paid-up capital, in accordance with Indonesian law (Mining Law No. 4\/2009). Following the divestment of LANNA\u2019s shareholding in LHI and SGP, LANNA will retain management control over both subsidiaries, allowing their financial statements to continue to be consolidated into LANNA\u2019s consolidated financial statements. In 2019, LANNA has completed the share valuation process and submitted the offer to the relevant government agencies in Indonesia. The divestment process is currently ongoing, with the Indonesian authorities reviewing the acquisition of the divested shares in accordance with the applicable divestment procedures.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 2016<\/div>\n
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\u25cf<\/span>On July 7, 2016, Lanna Resources Public Company Limited established Lanna Power Generation Company Limited to operate the business of coal-fired power plants and renewable energy, both domestically and overseas. LANNA holds 99.99985 percent of the company\u2019s paid-up capital.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 2008<\/div>\n
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\u25cf<\/span>In 2008, Lanna (Singapore) Pte. Ltd. invested in the acquisition of ordinary shares in PT Singlurus Pratama, the holder of a third-generation coal mining concession in Indonesia, representing 65 percent of the paid-up capital. Subsequently, in 2009, all ordinary shares in PT Singlurus Pratama were transferred to Lanna Resources Public Company Limited, which now directly holds the shares.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 2005<\/div>\n
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\u25cf<\/span>In 2003, Lanna Resources Public Company Limited (\u201cLANNA\u201d) invested in the acquisition of ordinary shares in Thai Agro Energy Public Company Limited (\u201cTAE\u201d), representing 75 percent of TAE\u2019s paid-up capital. In 2005, LANNA increased its shareholding to 75.75 percent to engage in the production and distribution of ethanol (99.5% high-purity ethanol) for biofuel applications used in general automobiles. On June 2, 2014, TAE was listed on the Stock Exchange of Thailand (SET) to raise funds for investments aimed at enhancing efficiency in ethanol production and distribution. As part of the listing, LANNA reduced its shareholding from 75.75 percent to 51 percent. TAE commenced trading on the Stock Exchange of Thailand on 5 June 2014.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 1998<\/div>\n
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\u25cf<\/span>In 1998, Lanna (Singapore) Pte. Ltd. invested in the acquisition of ordinary shares in PT Lanna Harita Indonesia, representing 55 percent of the paid-up capital, to undertake its first coal mining project in Indonesia. The project commenced coal production and distribution in 2001. Subsequently, in 2007, all ordinary shares in PT Lanna Harita Indonesia were transferred to Lanna Resources Public Company Limited, which now directly holds the shares.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 1997<\/div>\n
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\u25cf<\/span>In 1997, Lanna Resources Public Company Limited established Lanna (Singapore) Pte. Ltd. in Singapore, holding 100 percent of the paid-up capital, to operate as a holding company investing in coal mining and utility businesses overseas. Subsequently, on June 28, 2012, the Company registered the dissolution and liquidation of Lanna (Singapore) Pte. Ltd. as part of an investment restructuring to enhance operational efficiency.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 1996<\/div>\n
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\u25cf<\/span>In 1996, Lanna Resources Public Company Limited jointly invested an establishment of United Bulk Shipping Pte. Ltd. in Singapore, holding 49 percent of the paid-up capital, to engage in the ocean freight shipping business.\n <\/div>\n<\/p><\/div>\n <\/p>\n
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Year 1985<\/div>\n
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\u25cf<\/span>Lanna Resources Public Company Limited, formerly Lanna Lignite Public Company Limited, was initially established as Lanna Lignite Company Limited on October 4, 1985, to enter into a sublease agreement for lignite coal mining at Ban Pa Kha Subdistrict, Li District, Lamphun Province with the Department of Alternative Energy Development and Efficiency. The sublease agreement was signed on November 11, 1985, for a period of 20 years, ending on November 11, 2005. The Company was subsequently converted into a public company under the name \u201cLanna Lignite Public Company Limited\u201d on December 29, 1992. The Company was approved for the listing of its ordinary shares on the Stock Exchange of Thailand (SET) on July 12, 1994, under the Resources Industry Group (Energy and Utilities Sector). On May 17, 2001, the Company registered a change of its name to \u201cLanna Resources Public Company Limited.\u201d\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/body><\/p>\n","protected":false},"excerpt":{"rendered":"
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