Our History

1st

1975-1985
DECADE – LAYING A STABLE FOUNDATION OF BUSINESS
  • 1975 Thanulux Public Company Limited (“TNL”) was founded on 23 June 1975, operating the business of manufacturing finished garments with the registered capital of Baht 3 million
  • 1983TNL increased the company’s registered capital to Baht 6 million
  • 1984TNL increased the company’s registered capital to Baht 12 million

2nd

1986-1995
DECADE – BUSINESS EXPANSION
  • 1987 TNL increased the company’s registered capital to Baht 24 million and Baht 30 million and was listed in the Stock Exchange of Thailand on 21 July 1987
  • 1988TNL increased the company’s registered capital to Baht 45 million and changed the par value to Baht 10 per share
  • 1989TNL increased the company’s registered capital to Baht 60 million
  • 1994TNL converted from a Limited Company to a Public Limited Company

3rd

1996-2005
DECADE – A TEST OF THE ORGANIZATION’S STRENGTH
  • 1996 TNL increased the company’s registered capital to Baht 120 million
  • 1997Thailand experienced a severe economic downturn. The Baht devalued drastically. Foreign exchange losses and a decline in domestic and export sales had an effect on the commercial sector, including TNL. However, TNL was able to persevere during this economic crisis.
  • 1999TNL issued debentures in the amount of Baht 300 million
  • 2003TNL changed the par value from Baht 10 per share to Baht 1 per share

4th

2006-2015
DECADE – 10 YEARS OF INNOVATION CREATION
  • 2007 TNL received an oustsatnding product innovation award
  • 2012TNL opened a second factory building at the Lamphun branch

5th

2016-2021
DECADE – 1st PART : DRIVING BUSINESSES WITH INNOVATION
  • 2017 TNL expanded manufacturing capacity for leather goods at Mae-sot Branch, Tak province
  • 2018TNL openedTNL expanded manufacturing capacity for leather goods at Lamphun Branch a second factory building at the Lamphun branch
  • 2021TNL was able to retain a solid financial position without relying on financial institution loans, even throughout the COVID-19 pandemic

5th

2022-2025
DECADE – 2nd PART : TRANSFORMATIONAL FOR SUSTAINABLE GROWTH
  • 2022
    • TNL restructured its shareholding by issuing and offering new ordinary shares to BTS Group Holdings Plc., which intended to become the Company’s strategic business partner
    • TNL aimed todiversify and expand into other businesses, including secured lending business, asset management business and real estate development business, so as to deliver a satisfactory rate of return and enhance its long-term growth potential
    • TNL invested 90% of the issued and paid-up shares in Oxygen Asset Co. Ltd., which is a provider of secured loans, from Saha Pathana Inter-Holding Plc.
    • TNL invested 50% of the issued and paid-up shares of 7 companies, operating real estate business from Rabbit Holdings Plc. And U Global Hospitality Co. Ltd.
  • 2023
    • Invest in all common shares in Oxygen Asset Management Co., Ltd. (“OAM”), which operates an asset management business. which has received permission from the Bank of Thailand.
    • Increase capital and issue additional common shares to existing shareholders in proportion to their shareholding (Right Offering) in the amount of 3,051 million baht.
    • Restructure the business by transferring part of the business (PBT: Partial Business Transfer) of the textile and clothing business to TNLX, a subsidiary of the Company.
    • First issuance of bonds 500 million baht (bonds with a credit line of 300 million baht and additional bonds for sale of 200 million baht) to institutional investors and/or large investors. with the objective of expanding business This is especially true in the collateralized lending business and the NPLs and NPAs asset management business.
  • 2024
    • Acquired 99,997 shares, representing 10% of the total issued and outstanding shares of Oxygen Asset Co., Ltd., with a total purchase value of 99.99 million THB on May 31, 2024.
    • Sold all the common shares held by the company in TNLX Co., Ltd., a subsidiary of the company, to related parties, including I.C.C. International Co., Ltd., BSC So-In Co., Ltd., Sahapattana Inter-holding Public Co., Ltd., and IDF Co., Ltd., with a total transaction value of 669.90 million THB. The transaction was completed on July 31, 2024.
    • The Stock Exchange of Thailand has considered and moved the company's industry group and business category from the Consumer Goods Industry, Fashion Business Category, to the Financial Industry, Capital Markets and Securities Category, on September 4, 2024.
    • Issuance of debentures No. 1/2024 of 700 million baht for institutional investors and/or high-net-worth investors, with the objective of business expansion, particularly in secured lending and the management of NPLs and NPAs
    • TNL has been awarded a 5-star rating or an 'Excellent' score in the Corporate Governance Report (CGR) assessment of Thai listed companies for the year 2024. The assessment was conducted by the Thai Institute of Directors (Thai IOD) with support from the Stock Exchange of Thailand (SET). This marks the second consecutive year that TNL has achieved this recognition, with an overall assessment score reaching 107%.
    • The Board of Directors has approved the establishment of Oxygen Advisory Co., Ltd., a subsidiary with a registered capital of 10 million baht. Oxygen Advisory Co., Ltd. provides financial advisory services, including capital structure optimization, debt restructuring, business rehabilitation, and liquidation. This includes the development and execution of recovery plans for distressed companies. Additionally, the company will seek investment opportunities in public and private companies planning to raise funds, conducting due diligence, valuation assessments, and structuring investment agreements.