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 Bht 304 m at Bht 5 par value or the total of 60.8 m shares.
In 2002, US increased its capital from Bht 304 m to Bht 860 m divided into 172 m common shares or an increase of Bht 556 m or 111.2 m shares allocated 30.4 m shares to existing shareholders, 15.3 m shares for private placement and 65.3 m shares reserved for warrant conversion of which 60.8 m reserved for warrant conversion of existing shareholders and 4.5 m shares for the warrant conversion under ESOP scheme.
In 2003, US was granted a Financial Advisory License from the Securities Exchange Commission.
In 2005, US registered capital was Bht 860 m and after the warrant conversion was over, the paid-up capital was Bht 844 m or 168.8 m shares at Bht 5 par value.
In 2006, the “Wongkusolkit” Group had decided to sell US shares totaled 42.9 m 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 m 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.
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