Chu Kai Co., Ltd. (“CRANE” or “the company”) and its subsidiaries
Chu Kai Co., Ltd. (“CRANE” or “the company”) and its subsidiaries were established by Mr. Tongchai Praerangsi in 1990 to operate heavy mechanic machines and spares business, including rental heavy machines for lifting, assembling, installing and moving materials or large or heavy eaquipments. The company was incorporated under the title The Crane Service Co., Ltd. (“TCS”), but later of the extension of many industries, the demand of mechanic machines increased, the company has established The Crane Rayong Co., Ltd. (“TCR”) and The Crane Heavy life Co., Ltd. (“TCH”) to support its business, particularly in industrial areas.Watch Video Presentation
Additionally, in 1997. . .
CRANE group established Chu Kai Co., Ltd. as its business to import second-hand heavy mechanics machines from outside countries to distribute to customers and to provide repair service and spares distribution to CRANE group and general customers. Later, the company’s group has restructured shareholders and its organization. In 2004, Chu Kai Co.,Ltd held the company’s shares for 99.99 percent including The Crane Lhaemchabung Co., Ltd. (“TCL”), The Crane Rayong Co., Ltd. (“TCR”) and The Crane Heavy lift Co., Ltd. (“TCH”), while in 2006, Chu Kai Co., Ltd. held 99.99 percent of shares in The Crane Service Co., Ltd. (“TCS”). Moreover, the company has operated new business structure in Chu Kai group to distribute and repair heavy mechanic machines while its subsidiaries provide rental and transportation services.
A total of 60,633,189 capital increase shares were distributed and offered at 2.00 baht per share. Exchanges began on 19 June 2017. As a result, the Company’s registered and paid up capital increased from 696.42 million baht to 757.06 million baht.
The Company increased its registered capital from 696.42 million baht to 1,044.64 million baht by the issuance of 348,212,343 new ordinary shares (at one baht par value) to accommodate the allocation of capital increase.
The Company restructured their company group for the business structure by distinguished with business characteristic as followings:
- To distribute the business and to provide services for repair the heavy duty machinery conducted by the CRANE
- Heavy Duty Machinery rental business operated by TCR and TCL Construction business of foundation construction work by TCS
The company was appointed by Xuzhou Construction Machinery Group IMP. & EXP. Company Limited or XCMG as the exclusive dealer for XCMG cranes in Thailand. (The company cancelled sales representation for ZOOMLION Cranes ).
The company increased registered capital from 626.78 million baht to registered and paid-up capital of 696.42 million baht. The company issued 69,642,613 new common shares (with a par value of 1.00 baht) to support dividend payouts.
The company moved from MAI stock market to Stock Exchange of Thailand (SET)
The company increased registered capital from THB 578.57million to THB 626.78 million by issuance shares for 48,214,186shares (at THB 1 par value each) to support dividend.
TCR increased registered capital from THB 25 million to THB 150 million of paid-up capital by offering and issuances shares to existing shareholders at THB 100 par value each.
Increased registered capital from formerly Baht 506.25 million to new registered capital Baht 578.57 million by issuing 72,321,375 new ordinary shares (at par value Baht 1.00 per share) to support dividend payment.
Increased registered capital to Baht 506.25 million (total 506,250,000 shares, each share cost baht 1.00) to support dividend payment.
The company was appointed as distributor for ZOOMLION CRANE as the exclusive distributor from ZOOMLION HEAVY INDUSTRY SCIENCE AND TECHNOLOGY DEVELOPMENT CO., LTD., which is the leader of crane manufacturing company in the People’s Republic of China.
CRANE was approved for Initial Public Offering (IPO) and Registered CRANE’s ordinary shares in was a listed company in the Market for Alternative Investment (MAI).
CRANE increased its registered for another baht 100 million from 350 baht million to Baht 450 million (450,000,000 share at the par value of Baht 1.00 per share) for initial public offering to be listed in MAI.
CRANE has increase its paid-up capital from Baht 200.00 million to Baht 350.00 million by offer to private placement for 50.00 million shares (par value of Baht 1.00 per share) at the price of Baht 2.00 per share, and offer to Mr. Thongchai Praerangsi for 100 million shares (par value of Baht 1.00 per share) at the price of Baht 1.00 per share. The proceed has been used for working capital and invested in TCS at the proportion of 99.99 percent.
The company agreed to held 99.99 percent of TCS’s ordinary shares from Mr.Thongchai Praerangsi in the fixing value.
CRANE has transformed into Public Company Limited
CRANE has increased its paid-up capital from Baht 100.00 million to Baht 200.00 million.
The company’s group has restructured groups of shareholders which Chu Kai Co., Ltd. held shared of its subsidiaries: TCL, TCR and TCH in a ratio at 99.99 percent of their ordinary shares, an acquisition of shares from Mr. Tongchai Praerangsi’s group acquired in the fixing value.
CRANE has increased its paid-up capital from Baht 50.00 million to Baht 100.00 million.
CRANE has increase its paid-up capital from Baht 1.00 million to Baht 50.00 million by issued new common shares to the existing shareholders.
CRANE has been established with paid-up capital of Baht 1.00 million on Bangna-Trad Road Km. 7 to import from overseas or purchase domestically used cranes and resell to its subsidiaries (TCS, TCL, TCR, and TCH) and other clients. CRANE shall repair and modify the used cranes before reselling to the customers. Moreover, CRANE was the hub of the repair services of used cranes and the sales of spare parts to its subsidiaries (TCS, TCL, TCR and TCH) and other clients. Its subsidiaries shall mainly provide machinery rental services for lifting, assembling and installing as well as transportation services only.
The company established The Crane Heavylift Co., Ltd. where its office situates in Rangsit area, with THB 10 million of registered capital, to provide rental service and transportation around Pathum Thani, Ayutthaya, Saraburi and other province in the south. Presently, the company owns THB 25 million of registered capital and paid-up capital.
The company established The Crane Rayong Co.,Ltd (“TCR”) where its office situates in Bankai District of Rayong, with THB 2 million of registered capital, to extend its business in Rayong Province due to a lot of customers groups in Map Ta Phut Industrial Estate and to support customs, who are the main target customers of the company, in petroleum business, refining business, metal manufacturing factories and port business. Presently, TCR owns THB 150 of registered capital and paid-up capital.
The company established The Crane Lhaemchabang Co.,Ltd where its office situates in Sriracha District of Cholburi, with THB 2 million of registered capital, to support expansion of business in Lhaemchabang port of Cholburi. Presently, TCL owns THB 25 million of registered capital and paid-up capital.
TCS increased the paid-up capital to Baht 20.00 million for the business expansion.
The company established The Crane Service Co., Ltd. (“TCS”), with THB 200 million of registered capital, purposing to provide second-hand heavy mechanic services such as, cranes, forklift trucks and trailer trucks and to provide material or equipment transportation by crane, forklift truck, trailers, truck and other mechanic machines. Presently, TCS owns THB 100 million of registered capital and paid-up capital.