History

Siginificant Event

The Company was established on May 12, 2003 with an initial registered capital of 5 million baht, divided into 50,000 common shares with a par value of 100 baht per share to operate the business of producing and distributing labels or stickers according to the format specified by the customers.

Siginificant Event

In September, the registered capital had been increased by another 4 million baht from the initial registered capital of 6 million baht, totaling 10 million baht to support business expansion. And started introducing sticker printers (Intermittent Letterpress) that has the ability to print 5 colors, making it possible to produce workpieces in a variety of colors and can also produce work quickly to support a large amount of work.

Siginificant Event

Started using an automatic silk screen printer for roll-to-roll work (Sundaily) from China. The special ability of this machine is to provide high printing accuracy, greatly reduces the problem of scratches.

Siginificant Event

The Company had adjusted the shareholding structure of the group of companies to reduce the impact of conflicts of interest that may occur by purchasing shares of Simat Label Company Limited (“SL”), which is in the business of producing and distributing labels or stickers similar to the Company's business, from Simat, resulted to the Company obtain a shareholding proportion in SL of 100 percent, with SL obtaining a registered capital equal to 34 million baht.

Hinsitsu Screen Precision (Thailand) Co., Ltd. changed its name to Hinsitsu Precision (Thailand) Co., Ltd. (“HPT”) and HPT increased its registered capital to 40 million baht with the other co-investor, who is not connected persons holding 24.99 percent of shares in HPT and the Company holds 75.01 percent of shares in HPT, which has the objective of expanding new products, including In Mold Decoration, which is injection or casting of coated plastic on silk screen pieces for durability, beauty and adding value to the product.

The Company received Green Industry Certificate Level 3, Green System, from the Ministry of Industry.

Siginificant Event

February 25, 2021, the Company registered its transformation into a public company and changed its name to Hinsitsu (Thailand) Public Company Limited.

One to One Contacts Public Company Limited (“OTO”) invested in the Company's shares by 10% shareholding from Simat, resulting in Simat remaining with a 60% shareholding in the Company.

Siginificant Event

The Company and HPT moved the factory and office from Bangphli District to Bangsaothong District, Samutprakan Province and began production at the new factory in the 2nd quarter.

Simat's Board of Directors' Meeting No. 2/2023 on February 28, 2023 resolved to approve the sale of 19,000,000 shares of the Company with a par value of 0.50 baht per share, or equivalent to 7.54 percent of the total paid-up capital of the Company after IPO offered for sale to the public. The offering will take place at the same time as the Company's IPO.

The 2023 Annual General Meeting of Shareholders on April 24, 2023 approved important resolutions as follows:

• Increased the registered capital of the Company by 26,000,000 baht by issuing 52,000,000 additional common shares at a value of 0.50 baht per share, which will increase the registered capital of the Company from registered capital of 100,000,000 baht to 126,000,000 baht, divided into 252,000,000 shares, with a par value of 0.50 baht per share. The shareholder meeting approved the allocation of additional common shares of the Company, not exceeding 52,000,000 shares, with a par value of shares. 0.50 baht per share as follows:
  • Number of increased-capital common shares, 44,000,000 shares, with a par value of 0.50 baht per share, to be offered for sale to the public for the first time (Initial Public Offering: IPO).
  • Allocated additional common shares, not exceeding 8,000,000 shares, with a par value of 0.50 baht per share, to be offered for sale to directors, executives, and/or employees of the Company and subsidiaries at a price not less than 90 percent of the price offered for sale to the public for the first time (IPO Price). However, if there are increased-capital common shares remaining from the allocation to directors, executives and/or employees of the Company and subsidiaries, the remaining number of increased-capital common shares shall be allocated and offered for sale to the public for the first time (Initial Public Offering).