Established on July 16, 1987, PLE International Co., Ltd. (“PLEI”) rendered the services in General Civil Construction for Office buildings, Hospitals, Shopping Complexes, Institutions, Hotels, Industrial Plants and Government facilities. Our public sector customers include Provincial Water Works, Ministry of Public Health, and Ministry of Interior, etc. The Company acquired 99.99% of Unima’s registered capital in September 2000 in order to engage in civil construction business. In June 2005, PLEI’s registered paid up capital increased from 60 million Baht to 300 million Baht. During the last 3 years, PLEI’s business activities had not been very active. The Company currently has plans to join with potential foreign investors to participate in the bidding of future government projects and/or different formats of renewable energy projects.

In 2022, the Company participated in the establishment of “Inter-Ausy Joint Venture”, with the agreement on the shareholding proportion, profit and loss sharing of the joint venture has been finalized as follows:

• PLE International Co., Ltd. (PLEI) 80%
• Ausy Co., Ltd. (AUSY) 20%

The objective is to operate the construction of a highway no.82 project – Bang Khun Tian – Ban Paew elevated highway, in Ekkachai – Ban Paew section 8 area. The construction area is on highway no.35 between KM31+207.250 - KM.33+366.000, with the total distance of 2.159 kilometres, and the total project value of 1,594.85 million Baht (including VAT). The construction period is 36 months, with the subcontracting agreement by CCSP – the CEC; a subsidiary of Civil Engineering PCL. The agreement has been granted from the Department of Highways already. In this regard, this is in order to learn the work procedures, and infrastructure construction project execution, as well as a way to develop human resources to accommodate the expansion of this business in the future.

Techner Co.,Ltd (TN) was established on March 9th,1990 with registered paid up capital of 10 million Baht engaging in construction service business. TN is located at 140 Pacific Place One Building, unit 1001, Sukhumvit road, Klong Toey, Bangkok 10110. On June 4, 2005, Power Line Engineering Public Company Limited (PLE)’s Board of Directors approved to invest in TN by holding 50% of TN shares being Baht 5.0 million in order to proceed the government’s low cost housing project approximately valued of Baht 2 billion during the period of 3 years. This low cost housing project will generate the income to PLE based on shareholding basis starting from 2007 to 2008. In August 2007, the Company increased its capital to 60 million Baht with the paid up capital of 22.5 million Baht, of which 11.25 million Baht was held/paid by PLE. PLE repaid TN shares worth of 18.75 million Baht on August 20th, 2009, therefore, TN shares worth of 30 million Baht owned by PLE was totally and fully repaid. TN entered into the contracts with National Housing Authority (NHA) to construct the 3 low cost housing projects including Lad Lhum Kaew 974 units, Ayudhraya 4,300 units and Ang Thong 1,550 units. TN Lad Lhum Kaew has been completed and handed over to NHA. The other 2 projects have only 13% progress and in April 2008, NHA had terminated both projects and also claimed as the 2 bank guarantees totaling 280 million Baht from Siam Commercial Bank PLC and the bank guarantee of 79 million Baht from Thai Bank PLC (currently CIMB), based on the reason that the works under the contracts had no progress and was delayed. TN took the dispute issued to the Civil Court and currently the sued case is under mediation. The next mediation will be on April 3 ,2009, whereby the resolution had not yet been identified, therefore, the court set the hearing on July 20-23, 2010. In May 2012, the Civil Court transferred the cases to Administrative Court. On September 4, 2017, the Administrative Court had ordered TN and its guaranteeing bank to pay the liquidated damages to NHA (Ayudhaya project) in the amount of 272.1 million Baht with the interest rate of 15% per year of the principal amount of 203.8 million Baht as same as on September 6, 2017, the court had ordered TN and its guaranteeing bank to pay the damages to NHA (Ang Thong – Wiset Chaichan Project) in the amount of 88.4 million Baht with the interest rate of 15% per year of the principal of 66.74 million Baht. PLE had also set the total provision of 517.5 million Baht for these damages as PLE are the guarantor for the banks. TN had appealed to the Supreme Administrative Court and expected the court.

On November 21, 2023, the Supreme Administrative Court ruled in favor of TN and Siam Commercial Bank Public Company Limited, as guarantors of TN Bang Pa-in Project. Paid a total of 483 million baht to the NHA. On January 19, 2024, Siam Commercial Bank The above amount has been paid to the NHA. Meanwhile Siam Commercial Bank Long-term loan approved Payment in installments within 60 months in the amount of 483 million baht to the company as TN guarantor. As for the Baan Eua Arthorn Wiset Chai Chan project. Ang Thong Province It is expected that the Supreme Administrative Court will issue a verdict. By June 2024.

PLE as TN’s major shareholder had assigned TN’s Managing Director and executive directors to devise the plan for resolving TN’s problems and following up on TN’s major debtor; Apex Concrete Tech Co., Ltd., for an urgent repayment of its debt. However, in 2008, TN’s Managing Director and executives did not proceed as requested by PLE and there has been no progress is solving TN problems. Besides, TN also did not submit the financial statements in 2008 for PLE’s auditor to perform an audit, resulting in the Company’s consolidated statement of financial position being given a conditional remark by the auditor. TN’s Managing Director’s and executives’ negligence in this matter has resulted in PLE’s damaged reputation. Therefore, PLE has filed a lawsuit against TN’s Managing Direct and Executive Directors on February 26, 2009, and has proceeded with criminal case on April 8, 2009 with TN’s Managing Director and executives. Currently, there are 14 civil and criminal cases being sued against TN’s Managing Director, whereby 5 of them have already been closed. For criminal cases, the Civil Court and Appeal Court have imposed an imprisonment sentence against the Managing Director, whereby the cases are being considered by the Supreme Court. For civil cases, the court has ordered TN to settle outstanding debt to the Company, with legal execution, confiscation and divestment of the properties to settle the debt. The valuation price proposed by the legal execution officer for a total of 5 plots of land was equivalent to 27,712,500 Baht but there were no bidders interested in the lands originally acquired by TN to use as soil wells. In this regard, the Legal Execution Department will continue to arrange the auction.

S A Future Property Co., Ltd. (SA) formerly S A P S 2007 Holding Co., Ltd. (SAPS) was established on December 7, 2007 with the same business premise as Power Line Engineering PCL, and the initial registered paid up capital of 80 million Baht. According to PLE’s Board of Directors’ meeting no.1/2009, dated February 27, 2009, the meeting had approved to increase SAPS’s capital to 160 million Baht, whereby the entire investment capital was used to invest in Sittharom Development Co., Ltd. (SDC) to operate the housing business in Udon Thani province. And in 2016, PLE’s EAGM no.1/2016 dated June 28, 2016 arrived at a resolution for SAPS to divest STR shares to Adamus Incorporation PCL at the price of 370 million Baht. This transaction has generated the profit of approximately 195 million Baht. On August17, 2018, SAPS entered into the land purchase and sales agreement for a plot of land in Ekkamai 22 Alley, at the value of 111,720,000 Baht to invest in the condominium project. The transfer of ownership of this asset was made on March 5, 2019.

On June17, 2019, the Company was registered and had the name changed to SA Future Property Co., Ltd. (SA), and engaged in a condominium project called HOLME Ekkamai 22, located in Ekkamai 22 Alley, linking to Pridi Panomyong 41 Alley. The condominium features a modern contemporary concept, priced at 150,000 Baht per square meter (129,000 Baht/square meter and 162,000 Baht/ square meter). The project was launched in November 2019.

The Company’s Board of Directors’ meeting no. 4/2021, held on May 17, 2021, arrived at the resolution that SA Future Property Co., Ltd. (a subsidiary of PLE) shall proceed with the construction of the condominium project “Holme Ekkamai 22”, with Power Line Engineering PCL as the construction contractor. The project value is 220 million Baht and the construction should take 18 months, with the expected completion in September 2022. Holme Ekkamai 22 project won 2 Thailand Property Awards, organized by Property Guru in Best Mid-End Condo Development and Best Condo Architectural Design.

As of February 29, 2024, the bookings for 1-bed were 33 units out of 70 units, equivalent to 47%. The bookings for 2-bed units were 9 out of 12 units, equivalent to 75%. The duplex unit’s bookings were 3 out of 8 units, equivalent to 38% of the total bookings. The total bookings were 45 units, equivalent to 50% of the total capacity, valued at 276.1 million Baht. Construction is almost 100% complete. It is expected to begin gradually transferring to customers around March 2024.

The company has entered into a joint venture with Prime Road Group Co., Ltd. and Promaze Co., Ltd. to register a company under the name "Pro Intelligence and Solutions Co., Ltd." (PISO) to operate a design business. and installation services for internet systems, communication systems, information technology systems and artificial intelligence. Distributing all types of communication equipment The registered capital of the company is 20 million baht, with an initial capital payment of 25%, equivalent to 5 million baht, and in the proportion of 44% of PLE, an initial capital of 2.2 million baht must be paid, which has the shareholding proportion as follows.

1. PLE entered into joint venture namely “PAR Joint Venture” with Ascon Construction Public Company Limited and Ruam Nakorn Construction (Thailand) Co., Ltd. with investment ratio of 35% in order to acquire the construction project of MRT Purple Line Contract 3 (maintenance and parking buildings) valuing 5,025 million Baht. PLE increased its shareholding proportion to 90% at the end of 2015, whereby PAR has already handed over the completed project to MRTA. The revenue of claiming variation orders and additional works from MRTA were lower than expected, resulting in the substantial loss of 1,120 million Baht on PAR, consequently leading to the Company‘s loss. In 2018, PAR booked the loss of Baht 2.6 million due to the repair of defect, which was within the performance guarantee period. PAR received the
2. Participated in the establishment of “Inter-Ausy Joint Venture”, comprising of PLE International Co., Ltd. and Ausy Co., Ltd., to operate the construction of a highway no.82 project – Bang Khun Tian – Ban Paew elevated highway, in Ekkachai – Ban Paew section 8 area. The agreement on the shareholding proportion, profit and loss sharing of the joint venture has been finalized as follows:
   • PLE International Co., Ltd. (PLEI) 80%
   • Ausy Co., Ltd. (AUSY) 20%