Who is Panicha Dao, the woman whose wealth skyrocketed to become the number 2 millionaire in stocks in 2565?

According to the 2022 ranking of Thai stock billionaires, compiled by the Financial Banking Journal in collaboration with the Faculty of Commerce and Accountancy, Chulalongkorn University, the number one spot remains held by Sarath Rattanavadi, Director, Vice Chairman, and Chief Executive Officer of Gulf Energy Development Public Company Limited (GULF). This marks his fourth consecutive year holding the top spot.

But for the number 2 millionaire stock this year, it is a strong dark horse, "Panicha Dao", the number 1 largest shareholder of PSG Corporation Public Company Limited (PSG), with a proportion of 80%, with a total value of shares held at 81,630.58. Million baht

Until the question arises, who is "Panicha Dao"?

First of all, you have to start with PSG in which Panicha holds shares. Formerly known as T.N. Engineering Corporation Public Company Limited or T, it does business as a construction contractor for factory buildings, warehouses, and office buildings. mall Residential buildings, hospitals, and public utilities. and installation of various machinery for more than 40 years

Later on October 12, 2564, the company increased its registered capital in a big way. By issuing 54,044 million new common shares, selling them to specific investors (PP) at a price of 0.02 baht per share.

The group of funds from the Lao PDR is led by Panicha Dao, wife of David Van Dao, a major shareholder in Luang Prabang Power Company under the sole name of PT Company Limited (PTS), owner of the Luang Prabang Hydroelectric Power Plant. In some places, Lao PDR has become a new group of major shareholders. Then the company name was changed to PSG Corporation Public Company Limited or PSG.

With Van Hoang Dao sitting as Chairman of the Board and David Van Dao as Chief Executive Officer.

The company has changed its business direction by expanding into the ASEAN region in addition to the domestic market. In early 2565, it was selected as the winner of the construction bid for the XPPL Expansion Phase project of Xekong Power Plant Company Limited to support Expanding coal production capacity from 2.94 million tons per year to 15 million tons per year in Sekong Province, Lao PDR, project value approximately 8,800 million baht.

The company has also signed a binding memorandum of understanding with the government. Lao PDR has commissioned a feasibility study for the development of renewable waterfall power plants in 214 potential areas. If the results of the study find that there are suitable areas for business project development, The company has the right to develop projects on that area as well.

From the management of a new group of shareholders last year, PSG showed operating results for the 9-month period (30 September 2565), turning back to a profit of 489.02 million baht from a loss of 52.50 million baht in the same period last year. As for the stock price, from the day the PP was made at the price of 2 satang, it rose to 1.57 baht as of September 30, 2565, resulting in Panicha Dao, the number 1 largest shareholder, entering the list of Thai stock millionaires this year.

Van Hoang Dao and David Van Dao do not appear on the list of PSG's top 10 shareholders, so neither of them are listed as Thai stock millionaires.

Read about Thailand's stock market billionaires in 2022: https://www.moneyandbanking.co.th/article/news/millionaire-2022-gulf-mb488-dec2565-081265