Dynasty Ceramic Public Company Limited, formerly known as the Company Royal Floor Tile Co., Ltd. The main business is a manufacturer and distributor of ceramic tiles.
Was established on August 1, 1989 and was listed on the Stock Exchange of Thailand on January 3, 1992 and was registered as a public company on March 9, 1994 and increased the registered capital to 280 million baht, fully charged at 10 baht per share. Amounting to 272 million baht in January 1995
In late 1997, a group of shareholders and directors of Tile Top Industry Public Company Limited, a manufacturer of the same type of ceramic tiles and had a similar factory. Has auctioned 14.9 million ordinary shares of the Company, representing 54.82 percent of the paid-up capital from a major shareholder, a finance company, and has improved the machinery to be efficient And develop product formats to have good quality With beautiful colors Including adjusting marketing policies by focusing on product distribution to More consumers
In late 2000, the company registered the capital increase to 408 million baht, divided into 40.8 million shares at par value of 10 baht per share in order to use the capital increase to invest in expanding production capacity by purchasing ordinary shares of Tile Top Industry Company. Public Company Limited from all existing shareholders, resulting in the Company having 1 additional factory of Tile Top Industry Public Company Limited. Is a major shareholder of Tile Top Industry Public Company Limited in the proportion of 96.83 percent and has split the par value to 1 baht per 408 million shares, held by 81.20 percent of Thais and by people Foreign 18.80% (Book closed on 31 January 2014)
At the end of 2005, the company invested more than 97% shares through 3 subsidiaries which are 1. Pick and Pay Co., Ltd. 2. Muang Thong Ceramic Co., Ltd. and 3. World Wide Ceramic Co., Ltd. in order to market the retail by themselves in the form of tiles market. States Make the company closer to customers Know the needs and ways of buying tiles of customers and use the information to improve products and services, allowing to sell more products. At the end of 2013, the company has a collection of 196 branches nationwide. In addition, it is also distributed to distributors in More than 3,000 other countries. Mid 2014, the company restructured the organization by transferring the entire business from The 3 distribution companies are Pick and Pay Co., Ltd., Muang Thong Ceramic Co., Ltd. and World Wide Ceramic Co., Ltd. which the company has invested more than 97% shares, resulting in the company leaving only 1 subsidiary, Tile Top Company. Industry Public Company Limited
Late 2014 to increase liquidity of securities The company has changed the amount and par value by dividing into 4,080 million ordinary shares with the value of 0.10 baht per share with the same registered capital of 408 million baht. In mid 2015, the company increased the capital from 408 million baht to 652.8 million baht from Dividend payment at the rate of 5 existing shares per 3 new shares resulting in an increase in ordinary shares from 4,080 million shares to 6,528 million shares at the price of 0.10 baht per share
In the middle of the year 2016, the company reduced the registered capital from 652,800,000 baht to 652,799,395.80 baht equal to the paid-up capital. Of ordinary shares 6,527,993,958 shares, 0.10 baht per share
2017, in accordance with the resolution of the 2017 Annual General Meeting of Shareholders on April 24, 2017, approved 5 directors and executives of the Company to become directors and executives of the Royal Ceramic Industry Public Company Limited. Which is the same business Effective after passing the resolution of the 2017 Annual General Meeting of the Royal Ceramic Industry Public Company Limited on April 28, 2017 and approval to enter into a business management contract for 1 year (on the 2nd day) May 2017 until May 1, 2018) and received the termination of the said contract Effective from October 1, 2017 and due to having common directors and controlling power in management Therefore have to prepare the consolidated financial statements as if the Royal Ceramic Industry Public Company Limited is a subsidiary from April 1, 2017 onwards.
Year 2018 According to the resolution of the 2018 Annual General Meeting of Shareholders held on April 24, 2018, passed a resolution approving the issuance and offering of warrants to purchase ordinary shares of the Company No. 1 (DCC-W1) in the amount of 2,611,197,583 units to be proposed. Sold to the existing shareholders of the company in proportion to their shareholding ratio of 2.5 existing shares per 1 unit of warrant Free of charge The exercise period is 1 time per year, 8 May 2019, 8 May 2020, and the last exercise date is the date that the warrants are expired after 3 years from the date of issuance of the warrants. Which will be on May 7, 2021 (in the event that the exercise date falls on a holiday, the exercise date will be postponed Is the last business day before the date of the said exercise.) The company has increased the registered capital to accommodate the warrants to buy ordinary shares from 6,527,993,958 shares totaling 9,139,191,541 shares, 0.10 baht per share with a paid-up registered capital of 6,527,993,958 Shares, 0.10 baht per share, in the amount of 652,799,395.80 baht
May 8, 2019, there are 703,438,699 units of the first exercised warrants to purchase 703,438,699 units of ordinary shares at the price of 0.10 baht per share, representing 70,343,870 baht, resulting in the paid-up capital of the company increased from 652,799,396 baht to 723,143,266. Baht registered company to increase the issued and paid-up capital with the Ministry of Commerce on 10 May 2019.
15 October 2019 In accordance with the resolution of the Extraordinary General Meeting of Shareholders No. 1/2019 on October 15, 2019, the company approved (DCC) to acquire the business of Royal Ceramic Industry Public Company Limited (RCI) by Voluntary tender offer from all shareholders of RCI between 18 October 2019 and 22 November 2019, totaling 25 business days, totaling 578,829,365 shares or 93.84 percent of The total issued and paid-up shares of RCI at the offering price of 4.00 baht per share, equivalent to a transaction value of 2,315.32 million baht.
The above RCI acquisition has an important objective to eliminate conflicts of interest. As both the company and RCI are engaged in the production and distribution of ceramic floor tiles. And various wall tiles. At present, RCI mainly sells ceramic products to DCC, while both the Company and RCI have a group of major shareholders and common directors. Which causes the company and RCI to have a duplicate shareholder structure and management structure
November 25, 2019, the result of the tender offer for all securities of RCI is 485,572,024 shares in the amount of 1,942.29 million baht or 78.72 percent combined with DCC already holding 38,010,000 shares or 6.16 percent. Therefore, DCC holds shares in RCI after the offer. Offer to buy all securities of 523,582,024 shares or 84.88 percent