In 2013 -2014

In 2013 -2014

TIS INC. of Japan held 18% of MFEC’s paid-up capital and became the major shareholder of MFEC, in replacement of Modernform Group Public Company Limited.

Modernform Group Public Company Limited (MODERN), the major shareholder, decided to sell 14.07% of MFEC Public Company Limited (MFEC)’s paid-up capital or 61,983,675 shares to TIS INC. of Japan at 10.70 per share for a total of 663,225,322.50 baht. The transaction was made on 14 May 2014. And after the liquidation, Modernfform Group’s shareholding in MFEC reduced to 2.41% and TIS Inc. held 18% of MFEC’s paid-up capital and became the major shareholder of MFEC, in replacement of Modernform Group Public Company Limited. The transaction triggered a positive change as TIS Inc. was a foreign company which led Japan’s IT industry. As a result, MFEC could find an opportunity to develop its IT capability and competitiveness to the international stage and have more trade
opportunity in the future.