About Us
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Jasmine Telecom Systems Public Company Limited ("JTS" or "the Company") has its head office located at 200, Moo 4, 5th and 9th Floor, Jasmine International Tower, Chaengwattana Road, Tambon Pakkret, Amphoe Pakkret, Nonthaburi 11120. The Company registered its initial capital of Baht 100 million on 21st April 1995 as "Jasmine Telecom Systems Co., Ltd.", whose 100 per cent shareholder was Jasmine International Public Company Limited ("JAS"). |
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On February 20,2004, the Company transformed into a public company limited. On 5th November 2004, the Company issued a stock dividend totalling 300 million shares to the existing shareholder and offered 125 million shares to Knight Thai Technology Fund at Baht 1.50 per share.
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On October11, 2005, the Company acquired 528,365 shares of Siam Teltech Co., Ltd. (?STCC? or ?a subsidiary?), or 96.07 per cent of the total shares, from JAS at Baht 155.87 per share totalling Baht 82.36 million. The share price was based on the net asset value of STCC as at 30th June 2005 after being adjusted by an interim dividend payment pursuant to a Board resolution of STCC on 22nd August 2005. The acquisition was aimed to improve the business structure and to comply with good governance principles. Furthermore, on 8th December 2005, the Company acquired an additional 9,899 shares of STCC from two minor shareholders at Baht 155.87 per share, bringing its holding to 97.87 per cent of total shares.
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On November 3, 2006, the company issued and offered the five-year consecutive ESOP share at the amount of 1,000,000 of common shares from totally 5,000,000 shares to the directors and the employees. The offering price was Baht 1.00 per share against Baht 1.00 par value.
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On November 3, 2006, the company issued and offered the ESOP warrant at the total amount of 21,250,000 units to the directors and employees. The exercise ratio will be 1 warrant to 1 new share at the exercise price between Baht 1.00 and Baht 2.00 per unit. The exercise prices shall be varied with the company?s fiscal year net profit. Each participant has to confirm his intention to exercise his right during December 28, 2007 to October 27, 2011.
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The Company?s current paid-up capital is Baht 701 million. After the IPO, the shareholding proportion of JAS and Knight Thai Technology Fund will be 57.06 per cent and 17.83 per cent, respectively.
