Delta Paint Public Company Limited, along with its subsidiaries, produces and distributes paints, chemicals, and interior design products in Thailand and Cambodia. Its offerings include house paint, spray paints, wood color, metal paints, and other chemical products. The company was incorporated in 1999 and is headquartered in Bangkok, Thailand.
Nada Aniruththewa's Stake in DPAINT Jumps 21.23% After Oversubscribing to Rights Issue
Miss Nada Aniruththewa appeared in the Securities Acquisition or Disposal Report, Form 246-2, of the Securities and Exchange Commission, showing that she executed a purchase of oversubscribed rights shares of Delta Paint Public Company Limited, or DPAINT, on September 2, 2026, raising her holding to 195.51 million shares, or 21.2297%, from only 10,000 shares, or 0.0043%, previously. This made her the second-largest shareholder, after the Tangkaravakoon group, which remains the largest shareholder with a combined 26.80% stake. Nada owns The City Phuket Residence Company Limited, or CPR, which manages two completed eight-storey buildings that are in the process of being sold and having ownership transferred, namely The Phuket City Building A and Building B, and is developing a third building, The Phuket City Building C, which is expected to be completed in 2027. Earlier, DPAINT had just received shareholder approval to invest in acquiring all shares of The City Phuket Residence, valued at 100.50 million baht, from Nada. Meanwhile, DPAINT's operating results have continued to deteriorate: in 2022, total revenue was 909.24 million baht with net profit of 55.61 million baht; in 2023, total revenue was 1,021.28 million baht with net profit of 13.70 million baht; in 2024, total revenue was 717.96 million baht with a net loss of 165.04 million baht; and in 2025, total revenue was 608.65 million baht with a net loss of 58.01 million baht. For the first six months of 2026, total revenue was 275.90 million baht with a net loss of 20.95 million baht. As for its financial position at the end of the second quarter of 2026, it had cash and cash equivalents of 24.86 million baht, but had long-term debt due within one year of 37.81 million baht and accumulated unappropriated net losses of 198.40 million baht.
DPAINT.BK · Capital · Neutral Nada Aniruththewa's oversubscribed rights-share purchase raised her stake to 21.23%, making her second-largest shareholder, while DPAINT's operating results continue to deteriorate with widening losses.
The City Phuket Residence Co., Ltd. (CPR) · Capital · Neutral DPAINT received shareholder approval to acquire all shares of The City Phuket Residence for 100.50 million baht from Nada, a related-party transaction.
DPAINT reports Nada Anirutthewa holds 21.23% stake after rights offering closes
Delta Paint Public Company Limited, or DPAINT, informed the Stock Exchange of Thailand that the company offered newly issued ordinary shares to existing shareholders on a pro-rata basis through a rights offering between 23 July and 14 August 2026. Following the rights offering, the company was notified of a change in its shareholding structure, in which Nada Anirutthewa purchased a total of 194,510,000 ordinary shares of the company, representing 21.23% of the company's total issued and paid-up shares, making her a major shareholder of DPAINT. The company stated that the change in shareholding structure has no effect on its control over the company, its business policies and operating guidelines, or its board and management structure.
DPAINT.BK · Capital · Neutral Rights offering closed and Nada Anirutthewa acquired 21.23% stake, a shareholding/financing event with no stated effect on business or control.
DPAINT raises net 136.99 million baht from rights offering to invest in The City Phuket and build a new S-Curve
Delta Paint Public Company Limited, or DPAINT, has successfully completed its rights offering of newly issued ordinary shares to existing shareholders on a pro-rata basis. After deducting related expenses, the company will receive net proceeds of approximately 136.99 million baht from the capital increase, a key sum that will support its business plan and investment in new ventures. At the heart of this plan is the investment in The City Phuket, which DPAINT sees as the starting point for building a new S-Curve to add revenue sources beyond its core paint and construction materials business. This strategy is not a shift away from the paint business, but an extension of the existing base to create a new engine, allowing the paint and construction materials business to remain the pillar generating revenue and cash flow, while the real estate business becomes another leg creating growth opportunities. If the plan proceeds as targeted, there is a chance to see DPAINT turn its business around and create added value for shareholders over the long term.
DPAINT.BK · Capital · Positive DPAINT completed a rights offering raising ~136.99 million baht net to fund investment in The City Phuket and build a new S-Curve.
DPAINT invests in real estate after raising 136.99 million baht
DPAINT is moving forward with business expansion by investing in The City Phuket Residence Company Limited, or CPR, the developer of The City Phuket condominium project in Phuket province. This follows the success of its rights offering to existing shareholders, which raised 136.99 million baht. This investment is part of the plan to expand the business to balance its business structure, broaden its revenue base, and strengthen its long-term position. Phuket continues to benefit from growing tourism and investment.
FLE to debut on mai on September 1 after IPO fully subscribed at 100 million shares
FLE, a specialist in integrated water management systems with over 80% of its main clients being government agencies and state enterprises such as the Royal Irrigation Department, the Department of Groundwater Resources, and the Provincial Waterworks Authority, is set to start trading on the Market for Alternative Investment (mai) on September 1, following the full subscription of its 100 million IPO shares. Leading analysts have assessed the appropriate price for FLE shares at between 2.00 and 2.26 baht per share. Meanwhile, existing shareholders have unanimously agreed to a 100% lock-up of their shares, reflecting confidence in the business's potential and long-term growth opportunities. Additionally, DPAINT has announced the success of its rights offering of additional ordinary shares, raising approximately 137.24 million baht, which will be used for investment and to bolster liquidity according to its business plan, while expanding opportunities into the real estate business, highlighting The City Phuket as one of the avenues for business expansion, generating new revenue, aiming to recover operational performance and drive toward a turnaround. PANEL is also moving forward to create a new S-Curve by expanding into the data center and electronics industries, as well as placing greater emphasis on specialized work for hospitals, with contracts for operating room doors and automatic doors from large hospitals expected to be signed gradually, boosting revenue in 2026 to 220 million baht, a new record high.
DPAINT launches rights offering to raise 368 million baht for The City Phuket
DPAINT has announced a rights offering of up to 1.84 billion shares at 0.20 baht each, aiming to raise a maximum of 368 million baht. The funds will be used to invest in The City Phuket project, valued at 359.43 million baht. Major shareholder Sidaphan Sombattheera has expressed intention to exercise all her rights and subscribe for any remaining shares beyond her entitlement. The company has backup funding plans, including 93 million baht from the sale of Suwinthawong land and alternatives such as project finance loans or private placement if the capital raise falls short. Buildings A and B of The City Phuket are already completed and ready for ownership transfer within 2026, while Building C is under development to generate future income.
DPAINT Acquires The City Phuket Condominium Developer
Sideltha Public Company Limited, or DPAINT, has acquired The City Phuket Residence Company Limited, the developer of The City Phuket condominium project, and is preparing to invest in the development of Building C to create a new revenue stream. This expansion into the real estate business reflects DPAINT's vision of building a new growth engine to support long-term growth. Meanwhile, Noble Development Public Company Limited, or NOBLE, has announced the offering of its second bond issuance of 2026, with a tenor of 2 years and 11 months, a fixed interest rate of 6.15 percent per annum, and interest payments every 3 months. The bonds have been rated BBB minus with a stable outlook by TRIS Rating, and subscriptions will open from August 4th to 6th, with proceeds to be used for repaying existing bonds. In other news, Primo Service Solution Public Company Limited, or PRI, is advancing its PRIMO Transformation strategy to become Thailand's leading property and living services ecosystem through service quality improvements and customer base expansion. Business Alignment Public Company Limited, or BIZ, has launched the BIZGENES brand in precision health and longevity solutions, featuring The Vitality Collection under the concept of science-based nutrition, leveraging over 26 years of expertise. Additionally, Triple I Logistics is inviting entrepreneurs to visit its booths at TILOG-LOGISTIX 2026, taking place from August 19th to 21st at BITEC Bangna. This year, there will be two large booths from the parent company and Hazchem Logistics, a specialist in dangerous goods and chemical transportation.
DPAINT.BK · Capital · Positive Acquired The City Phuket Residence Company Limited to expand into real estate, creating new revenue stream.
NOBLE.BK · Capital · Positive Announced second bond issuance of 2026 with fixed interest rate 6.15% to repay existing bonds.
BIZ.BK · Technology · Positive Launched BIZGENES brand in precision health and longevity solutions with The Vitality Collection.
PRI.BK · Demand · Positive Advancing PRIMO Transformation strategy to become leading property and living services ecosystem through service quality improvements and customer base expansion.
DPAINT Acquires CPR, Advancing Development of The City Phuket Building C
See Delta Public Company Limited, or DPAINT, has acquired The City Phuket Residence Company Limited, or CPR, the developer of The City Phuket condominium project, and is preparing to invest in the development of Building C to create a new revenue stream. This expansion into the real estate business is DPAINT's strategy to diversify its income sources and build a new growth engine for long-term growth. Additionally, DPAINT can leverage its strengths in architectural paints, construction chemicals, and construction expertise to support the project development, enhancing operational efficiency and cost management.
NEX shareholders have approved a 100% investment in Thai EV Company Limited, which specialises in small to medium electric commercial vehicles. Sales of four-wheel electric vehicles grew 100% between 2023 and 2025. This investment will elevate NEX into a full-service commercial EV solutions provider. Meanwhile, DPAINT has acquired The City Phuket Residence, the developer of The City Phuket condominium project, to add a revenue stream and create a new growth engine leveraging its product and construction strengths. PANEL has secured a new contract for the IEC Hall project from IMPACT Growth Real Estate Investment Trust, boosting its backlog and reinforcing its expertise in acoustic sliding wall panels.
DPAINT Gets IFA Nod to Enter Real Estate, Forge New S-Curve
DPAINT's independent financial advisor has approved a plan to invest in The City Phuket Residence Company Limited, developer of The City Phuket condominium project, along with a rights offering of up to 1.84 billion shares at 0.20 baht each, raising no more than 368 million baht. The IFA stated that the transaction is appropriate and beneficial to the company and shareholders in the long term. This investment is part of a strategic plan to create a new S-curve, diversifying revenue from the original building paint and construction materials business into property development, which offers an investment return exceeding 30 percent. It also creates synergy by using DPAINT's own products in the project, reducing costs and boosting margins. The capital increase will lower the debt-to-equity ratio from 1.05 times to 0.55 times and support a total investment plan of approximately 359.43 million baht without relying heavily on loans. Mr. Ronnarit Tangkaravakoon, director and chief executive officer, said The City Phuket project is in a high-potential location in Phuket and is expected to generate strong revenue and returns over the long term, amid intense competition and continuous losses from the legacy business since 2024.
DPAINT.BK · Capital · Positive IFA approves real estate investment and rights offering, expected to create new S-curve and reduce debt-to-equity ratio.
The City Phuket Residence Co., Ltd. (CPR) · Demand · Positive DPAINT's investment in The City Phuket Residence provides capital for its condominium project, boosting demand for its property development.
PREB accelerates new project bids, backed by over 9 billion baht backlog
PREB plans to continuously accelerate new project bids in the second half of the year, focusing on expanding its portfolio of large-scale buildings, commercial buildings, and industrial factories to support private sector investment trends. Management stated that the company has a backlog of over 9 billion baht, highlighting its strength as a full-service construction contractor with over 30 years of experience, which enhances competitiveness and drives sustainable growth. Meanwhile, CFARM is moving forward with its second-half 2026 strategy to improve chicken-raising efficiency per house, alongside investments in smart farm technology and data analytics, while accelerating construction of a 200,000-hen egg farm project, confident that this will be another key business driving growth and expanding future revenue streams. Additionally, DPAINT is inviting existing shareholders to subscribe to a rights offering at a price of 0.20 baht per share, with the subscription period set from July 23 to August 14, 2026, planning to use the proceeds to expand its business base and create new revenue sources, enhancing opportunities for stable returns to shareholders.
PREB.BK · Demand · Positive PREB plans to accelerate new project bids backed by over 9 billion baht backlog, indicating strong demand for its construction services.
DPAINT.BK · Capital · Negative DPAINT is conducting a rights offering at 0.20 baht per share, diluting existing shareholders.
DPAINT approves rights offering of 1.84 billion shares at 0.20 baht, subscription opens 23 July to 14 August
Sidelta Public Company Limited, or DPAINT, has announced a rights offering of up to 1.84 billion new ordinary shares to existing shareholders, at a ratio of 1 existing share for 8 new shares, priced at 0.20 baht each. The total fundraising value will not exceed 368 million baht. The subscription and payment period is set from 23 July to 14 August 2026. The company stated that the proceeds will be used to invest in new projects, expand its business base, and create additional revenue streams, in order to strengthen competitiveness and support long-term growth. The offering also gives existing shareholders the opportunity to participate in the business expansion and enhance future returns.
DPAINT offers 1.84 billion new shares to existing shareholders via rights offering
DPAINT is inviting existing shareholders to subscribe to a rights offering of up to 1.84 billion new ordinary shares, at a ratio of 1 existing share for 8 new shares, with an offer price of 0.20 baht per share. The subscription period runs from 23 July to 14 August 2026. The company plans to use the proceeds to invest in new projects, expand its business base, and create new revenue streams to enhance shareholder returns. Meanwhile, PTG has partnered with TCP to launch a campaign offering free Red Bull drinks to PT Max Card and PT Corporate Card members who refuel at PT Station service stations nationwide, from 21 July to 15 September 2026. SA views the extension of the reduced transfer and mortgage fee to 0.01% until 30 June 2027 as a positive catalyst for the property market in the second half of 2026. The company currently has a sales backlog awaiting transfer worth approximately 1.8 billion baht.
Thailand