News update

News & Activities

The Securities and Exchange Commission (SEC) has approved the filing of Asian Palm Oil (APO), a leading crude palm oil extraction business, to sell 100 million IPO shares on the Market for Alternative Investments (mai) to enhance its financial capacity, competitiveness, and growth opportunities.

Mr. Somsak Sirichainarommit, Chief Executive Officer of Asset Pro Management (APM), the financial advisor to APO, said that the SEC has approved the filing of APO’s IPO on November 22, 2023. Mr. Suriya Thamthira, Deputy Managing Director of APM, said that APO currently has a paid-up capital of 120 million baht and plans to raise another 50 million baht. The IPO will offer 100 million shares at a par value of 0.50 baht per share, representing 29.41% of the total number of issued and outstanding shares of the company after the IPO. The shares will be listed on the mai under the agriculture and food industry sector. Mr. Sitthipas Udompholkul, Chief Executive Officer of APO, said that the listing on the mai is a significant milestone for the company to enhance its financial capacity, competitiveness, and growth opportunities. It will also increase the company’s credibility with customers, partners, and financial institutions, and contribute to the company’s sustainability in the long term. APO is a leading crude palm oil extraction business that sells main products from crude palm oil extraction and by-products, as well as produces biogas power to sell to the Electricity Generating Authority of Thailand (EGAT). With over 40 years of experience, the company is committed to creating an integrated and sustainable agricultural business to deliver quality products at a reasonable price. It sources raw materials and operates production processes efficiently, conducts business in accordance with good governance principles and corporate governance policies, and prioritizes all stakeholders, including shareholders, directors, executives, and employees, as well as partners, customers, competitors, and social and environmental responsibility, especially local communities.

28 September 2023, Asian Palm Oil Public Company Limited is preparing to list on the Stock Exchange of Thailand. The company’s management team, led by CEO Sittpas Udompholkul, met with Asset Pro Management Co., Ltd. (FA), the company’s financial advisor, and the Securities and Exchange Commission (SEC) for an interview.

The purpose of the interview was to present information about the company to the SEC for its approval of the company’s listing. Asian Palm Oil Public Company Limited presented information about its business structure, financial performance, future business plans, and corporate governance practices. Sittpas Udompholkul, CEO of Asian Palm Oil Public Company Limited, said, “The interview with the SEC is a significant step in preparing the company for its listing on the stock exchange. We are committed to developing our business sustainably and generating good returns for our shareholders.

APO Submits Filing to Sell 100 Million IPO Shares, Aims for Listing on mai

Asian Palm Oil, a leading crude palm oil extraction company, filed a Filing to offer 100 million IPO shares, aiming to list on mai. The proceeds will be used to improve the efficiency of production machinery and as working capital for business expansion in the future.

29 February 2024 Asian Palm Oil Public Company Limited Holds Blood Donation Activity to Support the Community

Asian Palm Oil Public Company Limited, as part of its commitment to social and environmental responsibility, organized a blood donation activity at the Ao Luek Community Hall in Krabi Province on February 29, 2024. The event received an overwhelming response from the company’s executives and employees, demonstrating their strong sense of volunteerism and care for their fellow human beings. The donated blood will be delivered to the Thai Red Cross Society to help patients in need. We recognize the importance of blood donation as it saves lives and contributes to the well-being of society,” said a company representative. “This activity aligns with our CSR policy, which emphasizes creating initiatives that promote happiness and improve the quality of life for the communities we operate in.

17 February 2024  Asian Palm Oil Public Company Limited is committed to building employee morale. Organize a company party under the theme “Colorful”, creating a colorful atmosphere. full of fun

Asian Palm Oil Public Company Limited is committed to building morale among employees. Organize a company party under the theme “Colorful”, creating a colorful atmosphere. full of fun activities begin in the morning with the start of the sports day competition. All employees are dressed in bright colors. Join in the competition and build unity within the team and party in the evening. Employees and executives dress according to the theme of the event. The atmosphere was filled with smiles and laughter. There were many activities at the event such as games to compete for prizes. Performance of various costume contests Organizing this event It reflects the company’s care. towards employees who are committed to creating a happy organization Encourage employees to have motivation.

7 February 2024, Asian Palm Oil Public Company Limited provided 3-way flashing batons and transparent triangle stop signs to support the Ao Luek Tai Subdistrict Administrative Organization. 

7 February 2024, Asian Palm Oil Public Company Limited provided 3-way flashing batons and transparent triangle stop signs to support the Ao Luek Tai Subdistrict Administrative Organization surveillance of risky behavior that may cause danger to citizens in the area Preventing road accidents Including facilitating the convenience of road users traveling during the festival. in providing supporting equipment to Ao Luek Tai Subdistrict Administrative Organization This time it will help illuminate and alert road users. and allows officials to conveniently and safely inspect road users. Support this time It is part of the company’s commitment. in creating a safe society Reduce accidents on the road and build confidence among road users Especially during festivals when there is heavy traffic volume, Asian Palm Oil Public Company Limited hopes that These devices will be useful. Ao Luek Tai Subdistrict Administrative Organization in security and create road safety for the people

20 January 2024 Asian Palm Oil Public Company Limited held a merit-making ceremony

Asian Palm Oil Public Company Limited held a merit-making ceremony at the company’s conference room. The ceremony was presided over by Mr. Sithipas Udompholkul, Chief Executive Officer of Asian Palm Oil Public Company Limited. During the ceremony, the company invited nine monks to chant Buddhist prayers for the company’s well-being, executives, and employees. The company also provided lunch for the monks and employees to share happiness and build good relationships. The merit-making ceremony is a demonstration of the company’s commitment to promoting Thai culture and traditions, as well as expressing gratitude to those who have helped the

13 January 2024 Asian Palm Oil Public Company Limited supports Children’s Day activities

Children and youth are important human resources for the country, like the future of the nation. Especially during childhood and youth, they need to be developed in knowledge, skills, and learning to enhance their potential in all dimensions appropriately, both in physical and mental health, as well as experience and skills for living in the current world and be ready to grow up as quality adults in the future. The Thai government is committed to creating opportunities in all aspects for children and youth in a comprehensive manner, including cultivating good people with discipline, morality, and ethics, upholding the nation’s core institutions, so that children and youth grow up to be quality adults in society. Asian Palm Oil Public Company Limited recently supported Children’s Day activities by providing snacks and money to be used for activities to schools and organizations that organize Children’s Day activities. This is to promote children and youth to participate in creative and beneficial activities. The support of Asian Palm Oil’s Children’s Day activities reflects the awareness of the importance of children and youth as the future of the nation. Cooperation from all sectors in promoting and supporting the sustainable development of children and youth will be the foundation for the country’s continued progress.

20 December 2023 Asian Palm Oil Public Company Limited donated Asian Plus drinking water to the Krabi Provincial Office of Social Development and Human Security to support the 2023 International Day of Persons with Disabilities in Krabi.

Asian Palm Oil Public Company Limited recognizes the importance of promoting and supporting people with disabilities. This donation of Asian Plus drinking water is intended to provide encouragement and support to people with disabilities in Krabi, helping them to live more comfortably and with a better quality of life. The drinking water will be distributed to people with disabilities in Krabi to ensure that they have access to clean and safe drinking water This donation is also intended to promote and support the rights of people with disabilities, raise awareness in society about the rights and dignity of people with disabilities, and create opportunities for people with disabilities to participate in society.

19 December 2023 Krabi Provincial Industrial Office and Relevant Agencies Collaborate to Build a Green Industry

19 December 2023 Krabi Provincial Industrial Office, together with relevant agencies in Ao Luek District, organized a meeting to build a green industry. The purpose of the meeting was to promote awareness and recruit citizens, factories, and relevant agencies to become strong members of this regard, Asian Palm Oil Public Company Limited, represented by Mr. Jetsada Chotwattanasak, Director of Operations, participated in the meeting at the Asian Palm Oil Public Company Limited meeting room. The meeting included a lecture on environmental management, prevention, and monitoring of environmental problems by speakers from the Krabi Provincial Industrial Office and relevant agencies. Then, there was an opportunity for members to exchange opinions and suggestions. Mr. Jetsada Chotwattanasak said that Asian Palm Oil Public Company Limited is committed to environmental protection and has been operating in accordance with international environmental standards on a continuous basis. This meeting is a great opportunity to learn from and get to know the environmental operating guidelines from relevant agencies. This will be applied and promoted to improve the company’s environmental operations. It is expected that the meeting will create a strong green industry in Ao Luek District, which will play an important role in promoting and supporting environmental operations in the industrial sector in the area.
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