Somothong Group Public Company Limited, or SMO, announced that its subsidiary A L Palm Company Limited, or AL, has completed a capital restructuring through a capital reduction and an increase in registered capital, in line with the board of directors' resolution. AL registered the capital change with the Department of Business Development, Ministry of Commerce, on 19 August 2026. Following the restructuring, the company has registered capital of 380 million baht, divided into 3.8 million ordinary shares with a par value of 100 baht per share. Previously, SMO had notified the Stock Exchange of Thailand of the capital restructuring plan for AL on 14 May 2026, with the aim of making the subsidiary's capital structure more appropriate.
Smothong Group Public Company LimitedSubsidiary completes capital restructuring, but impact on SMO unclear.
AL completes capital restructuring with new registered capital.
