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Sky Tower Public Company Limited

Sky Tower Public Company Limited, together with its subsidiaries, provides infrastructure for electric power and telecom in Thailand and the Philippines. It operates through three segments: Production and Distribution of High Voltage Transmission Tower and Telecommunication Tower; Distribution of Industrial Product; and Telecom Implementation Service. The company manufactures high-voltage transmission towers, substations steel structures, and telecommunication towers, and also produces and distributes electricity poles, telecommunication poles, and electricity sub-stations. It offers telecommunication towers rental and consulting services, project management, planning, and installation activities, including equipment maintenance for communication and telecommunications, as well as technical advisory services. In addition, it provides galvanizing and steel fabricating services, and sells industrial products such as chains, sprockets, gears, gear motors, couplings, and conveyor chains under the RENOLD brand. The company is also involved in trading and investing activities, management of human resource functions, and manufactures and sells woodchip products. Formerly known as Ua Withya Public Company Limited, it changed its name to Sky Tower Public Company Limited in July 2021. Incorporated in 1967, it is based in Bangkok, Thailand.

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Thailand
STOWER.BK

STOWER appoints Lapsarin as acting CEO, effective September 18

Sky Tower Public Company Limited, or STOWER, informed the Stock Exchange of Thailand that its board of directors, at its 9/2569 meeting on September 17, 2569, approved the appointment of Ms. Lapsarin Kraiwongwanichrung as acting chief executive officer, effective from September 18, 2569 onward. The meeting also resolved to appoint Ms. Thaksorn Sereedeelert as a company director and executive director, replacing Ms. Kornpapat Srikonthai, with a term of office equal to the remaining term of the outgoing director, effective from September 18, 2569 onward.
STOWER.BK
STOWER.BK · · Neutral Board appoints an acting CEO and a new director; a leadership change with no stated operational or financial driver.
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Thailand
STOWER.BK▲

Cabinet Approves AOTGA for Ground Services and Cargo Warehouse at Suvarnabhumi

The Cabinet has approved the results of the private sector selection and the draft joint investment contracts for two projects at Suvarnabhumi Airport, appointing Thai Airport Ground Services Company Limited (AOTGA) as the joint investor for both the apron and ground equipment services project and the cargo warehouse project, which will be operated under a PPP Net Cost model for 25 years. The ground services project will enhance capacity to support air traffic, while the cargo warehouse project covers inbound, outbound, transit, perishable, express, and e-commerce cargo services. Following the approval, Airports of Thailand (AOT) can immediately sign contracts with AOTGA, which is expected to support the region's aviation hub status. Meanwhile, research from Yuanta Securities (Thailand) indicates that the approval is a positive factor for Sky Tower Public Company Limited (SKY), which holds approximately 24% of AOTGA, and Triple I Logistics Public Company Limited (III), which holds approximately 13%, viewing the 25-year long-term project as beneficial to both companies.
AOT.BK ▲III.BK ▲STOWER.BK ▲
AOT Ground Aviation Services Company Limited (AOTGA) · Regulation · Positive Cabinet approved AOTGA as joint investor for both the ground services and cargo warehouse projects under a 25-year PPP Net Cost model.
AOT.BK · Regulation · Positive Cabinet approval lets AOT immediately sign the 25-year PPP contracts for ground services and cargo warehouse at Suvarnabhumi.
III.BK · Capital · Positive Yuanta research flags the approval as positive for III, which holds ~13% of AOTGA, via the 25-year project.
STOWER.BK · Capital · Positive Yuanta research flags the approval as positive for SKY, which holds ~24% of AOTGA, via the 25-year project.
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