The company was transformed into the Public Company Limited on July 1, 2003 and opened its first trading day on October 8, 2003.
In May, the company has increased its capital from 20 million baht to 160 million baht, and the offering of new ordinary shares to existing shareholders 14 million shares at a par value of 10 baht. The management foresees the growth of the company and to enhance the capabilities and potential of the business further.
In June, to restructure the company’s shareholders. Modernform Integration Services Company Limited sold 68% of its total issued and paid-up shares to the Modernform Group Public Company Limited and other individual shareholders who are shareholders of the Modernform Integration Services Company Limited. As a result, Modernform Group Public Company Limited is the major shareholder of the company at that time, holding 31.6% of the issued and paid-up shares and the company sold its investment in ThaiTap Guide Company Limited to the Modernform Integration Services Company Limited.
On July 1, 2003, the company has been transformed into a Public Company Limited and open to the public on the Stock Exchange trading on October 8, 2003. The company has opened a development center at Lao Peng Nguan Tower 1, Vibhavadi Rangsit Road to launch the new technology research and development center of the company and to support the expansion and increase the number of employees and to be able to serve customers more closely and faster.