United Securities Public Company Limited

United Securities Public company Limited (US) formerly named Silco Company Limited, was founded in the year 1971 and was granted full license from the Ministry of Finance to operate 4 types of securities business, i.e., Securities Brokerage, Securities Trading, Investment Advisory and Underwriting.

In 1989, the “Wongkusolkit” and “Janvatanavit” groups acquired US shares from the former shareholder and changed the Company’s name to United Securities Company Limited on 28 August, 1989.

In 1991, US was accepted as a member of the Stock Exchange of Thailand (SET) designated broker number 38 and was transformed to public company on 15 December, 1993 and changed the name accordingly to United Securities Public Company Limited.

In 1994, US became a member of the Thai Bond Dealing Center (TBDC) No. 49. On 8 August, 2001, US offered its initial public offering shares and became a listed company in the Stock Exchange of Thailand with the registered capital of 304 million Baht at 5 Baht par value or the total of 60.8 million shares.

In 2002, US increased its capital from 304 million Baht to 860 million Baht divided into 172 million common shares or an increase of 556 million or 111.2 million shares allocated 30.4 million shares to existing shareholders, 15.3 million shares for private placement and 65.3 million shares reserved for warrant conversion of which 60.8 million reserved for warrant conversion of existing shareholders and 4.5 million shares for the warrant conversion under ESOP scheme.

In 2003, US was granted a Financial Advisory License from the Securities Exchange Commission.

Major Shareholders
In 2006, the “Wongkusolkit” Group had decided to sell US shares totaled 42,923,520 shares or equals to 25.43% of the Company’s paid-up capital to the A.P.F. Holdings Company Limited which is a registered company in Thailand. After the tender offer, the A.P.F. Holdings as the new major shareholders of the Company acquired the total of 78.53% stakes or 132.57 million shares of the Company. However, the new group of management has the intention to retain the listing status of the Company and has no intention to significantly change the core business of the Company. At present, the US registered capital is 860 million Baht and paid-up capital is 844 million Baht.

Subsidiaries
In the past, US had 2 subsidiaries; United Advisory Services Co., Ltd. and Siam Chaisri Co., Ltd., which conducted the financial advisory business. Subsequently, in June 2005, both subsidiaries had been sold to their Managing Director in order to reduce the Company’s redundancy of IB business.

In April 2008, the Company started a joint venture with Mr. Verajet Vongkusolkit and his family to open up a subsidiary company named United Asset Management Co., Ltd., in order to provide private fund business. The Company’s investment was 51% of the registered capital.

Business Expansion
In year 2000, the Company had aimed to boost its business and customer base by arranging the real-time stock trading via internet with the cooperation of www.settrade.com. This resulted to convenience and safety in the highest standard level of stock trading for the Company’s customers. Additionally, in August 2008, the Company has acquired derivatives agent license from Security and Exchange Commission (SEC). And in November 2008, the Company has signed the Agency and Brokerage Agreement with Cantor Fitzgerald Europe as the Exclusive Partner.

Branches
Currently, the Company has 4 branches, namely, Rangsit, Nakornsawan, Nakornpathom and Wireless Road, which is the latest branch opened in late 2008 located at the All Seasons Complex.

Major Shareholders