Company Background

On April 10, 1958, the company was established under the name of Thailand Iron Works Co., Ltd. (former name) with an initial registered capital of 100,000,000 baht, divided into 800,000 ordinary shares with a par value of 100 baht, with paid-up capital of The amount of par value is 25 baht per share, with a total paid-up capital of 20,000,000 baht.

In January 1993, the Company was approved to be listed on the Stock Exchange of Thailand (SET)

1995-2012 The Company was a manufacturer of galvanized steel sheet products, high quality steel, and color coated galvanized steel roof under “Three Star”, “One Star”, “DDD” and “TIW” trademarks and further expanded the business to roof and wall installation services as a continuous service to the main contractor of each construction project throughout the country. The Company has continuously produced new products into the market and became a leading manufacturer of galvanized steel sheet products.

In April 2020, the Company transferred its existing business of producing galvanized steel sheet products, both sheets and coils, as well as rights, liabilities, debtors, creditors, and any liabilities, including employees related to the former business, to TIW Industry Co., Ltd., a subsidiary of the Company in which the company holds 99.99% of shares to restructure the Company’s business.

June 202, the Company invested in the energy business. By allowing a subsidiary that holds 99.99 percent of shares (The Solar Arcade Co., Ltd., established on June 18, 2020) to invest in all shares of ordinary shares of 8 companies in the group of solar power plants. By means of an entire business transfer (Entire Business Transfer), with a total purchase value of 215 million baht.

on September 9, 2020, the Company has changed its shareholder structure by having Ms. Parleerat Panboonhom as a major shareholder, and the controlling person of the Company  by holding of 33,691,968 shares or 61.53 percent of the total issued and sold ordinary shares of the Company from the voluntary tender offer for all securities of the business, and from the purchase of 3,311,368 shares of the Company from major shareholders, representing 55.18 percent of all issued and sold ordinary shares of the Company at the price of 181 baht per share.

In 2021, the Company proceeded to purchase 2,598,750 shares of Winchai Co., Ltd., or 26.25% of the total shares, at a total price of 660 million baht from Miss Parleerat Panboonhom or a juristic person of which Miss Parleerat is the sole owner ( she is also a director and major shareholders of the Company).

The Company also proceeded to change its name, stock symbol, the Company’s seal,  Head office location, and additional purpose of companies involved in the energy business with a new name as “Nova Empire Public Company Limited” and disposed of all investments in TIW Industry Co., Ltd.

In addition, at the end of 2021, the Company approved the investment in ordinary shares of Winchai Co., Ltd. through the entire business transfer (Entire Business Transfer) from The Planet X Holding Co., Ltd., amounting to 2,413,125 shares at a par value of 100 baht per share or 24.375 percent of the total number of shares of Winchai Co., Ltd., resulting in the Company’s holding in Winchai Co., Ltd. at that time totaling 5,011,875 shares or 50.625 percent of the total number of shares. As a result, Winchai became a company subsidiary in January 2022 after the transfer was completed.

In the 4th quarter of 2022, the Company made additional investments in Winchai Co., Ltd. through an entire business transfer from The Planet Y Holding Co., Ltd. in the amount of 2,413,125 shares. Holds 75.00% of the paid-up ordinary shares of Winchai Co., Ltd., which was completed on December 27, 2022.