The Company ceased the manufacturing of video tape cassettes.
The Company terminated the procurement and distribution of copyright movies.
The Company expanded its entertainment business by being a television programs producer and distributor.
The Extraordinary General Meeting of Shareholders No. 1/2011 approved the Company to additionally invest in Thai Solar Energy Co., Ltd (“TSE”), doing business on electricity producing from solar energy for sale to public and private sectors, from 10% to not exceeding 35% of the registered capital of TSE.
TSE’s shareholders’ meeting approved the Company to invest in TSE at 25% of the registered capital of TSE.
The Company made an additional payment for newly issued shares in TSE in an amount of Baht 117.5 million, the total investment was Baht 149.5 million of which is deemed as investment in TSE at 10.9% of the registered and paid-up of TSE.
The Company expanded its entertainment business by being an organizer of concerts and other events.
The Company expanded its entertainment business by being a movie producer and distributor.
On 10 September 2013, Mr. Pracha Maleenont resigned from the position of director and management of the Company and Mr. Matthew Kichodhan was appointed as replacement on 7 October 2013.
The Company made an additional payment for newly issued shares in TSE in an amount of Baht 104.7 million, the total investment was Baht 341.2 million of which is deemed as investment in TSE at 25% of the registered and paid-up capital of TSE.
On 30 April 2014, the Company expanded its business to lifestyle business, i.e. an English language school under the name of “Wall Street English”, by acquiring all shares in Efficient English Services Ltd. (“EES”) .
The Company purchased 22 million shares in TSE, which were offered through initial public offering (IPO) at Baht 3.90 per share, the total investment was Baht 85.80 million of which is deemed as investment in TSE at 20% of the registered and paid-up capital of TSE.
On 4 December 2014, the Company expanded its lifestyle business by acquiring restaurant business under the name of “Jeffer Steak & Seafood” through WAVE Food Group Co., Ltd., the Company’s subsidiary, of all shares in Jeffer Restaurant Co., Ltd.
On 30 June 2015, the Company expanded its entertainment business by acquiring 86 million shares, representing 50% of the issued and paid-up shares of Index Creative Village Pcl., which provide service business for creation and management of integrated marketing communications under the name “Index”.
Capital increase under general mandate
In March 2016, the Company allotted newly issued shares under general mandate scheme of up to 97.20 million shares with a par value of Baht 1 to all existing shareholders of the Company (Right Offerings) at the offer price of Baht 3.50 per share.
Partial disposal of holding in TSE
In November 2016, the Company sold 181.50 million TSE shares, accounting for 10% of the registered and paid up capital of TSE. As a result of such disposal, the Company subsequently holds 10% of the registered and paid up capital of TSE.
Restructure of education business
In December 2016, the Company restructured its shareholding in education business to accommodate for business expansion to CLMV by selling all EES shares or 100% of paid-up ordinary and preferred shares to Wave Education Group Company Limited (former name is CVD Organizer Company Limited) (“Purchaser”) which is a 100% subsidiary of the Company.
Restructure of television programs producer and distributor
In December 2017, the Company restructured its shareholding in television programs producer and distributor business by selling all shares in WAVE TV Company Limited or 100% of paid-up capital to WAVE Pictures Company Limited (“Purchaser”), which is a 100% subsidiary of the Company.
Offering of newly issued ordinary shares to specific investor (Private Placement)
On 29 March 2018, the Company issued and offered new ordinary shares in the number of 46.75 million shares to The Mall Group Co., Ltd.
Disposal of shares in Index Creative Village Public Company Limited
On 24 December 2018, the Company entered into share sale and purchase agreement to dispose not exceeding 86 million shares, representing 50% of paid-up capital of Index Creative Village Public Company Limited (Index) to Kanjanapokin Family (Seller Group), which is an existing shareholder of Index. The sale and purchase of shares shall be completed by middle of the year 2019.
During Quarter 4 of the year 2019, the Company has expanded its business through franchising:
Wave Education Group Co., Ltd. which is a parent company of Wall Street English (Thailand) Co., Ltd. and a master franchisee of English language institution under the name “Wall Street English”. As master franchisee, Wave Education Group Co., Ltd. has the right to sub-franchise to investors in Thailand, Kingdom of Cambodia, and Lao People's Democratic Republic. At present, there is one branch opened by sub-franchisee in Khon Kaen Province in the Northeastern region of Thailand.
In respect of Jeffer Restaurant Co., Ltd., Jeffer opened 1 franchisee branch in Chomphon Province.