Page 16 - BTSGroup ONE REPORT 2021/22_EN

14 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

1.4 OUR HISTORY

1968 2010
Established as a limited company under the name Tanayong Company Limited • Acquired 94.6% of BTSC and changed the Company name to BTS Group
(Tanayong). Holdings PCL (BTS Group).
• BTSC began operations and maintenance of Bangkok’s inaugural
1991 Bus Rapid Transit (BRT) system.
Tanayong was listed on the Stock Exchange of Thailand (SET) under the Property
Development sub-index. 2011
Commenced operation of the Sukhumvit Line extension (5km, 5 stations) .
1992
Tanayong shifted its business emphasis to Rail Mass Transit under Bangkok 2012
Transit System PCL (BTSC), signing the concession contract with the Bangkok • BTSC awarded a 30-year O&M contract covering Green Line extension 1
Metropolitan Administration (BMA) to design, build and operate Bangkok’s and 13-year O&M contract of Core Network (post concession expiration).
first mass transit system (BTS SkyTrain Core Network). • VGI, a subsidiary of the Company, was successfully listed on the SET
under the ticker symbol ‘VGI’.
1997
Asian financial crisis hit the region. Tanayong and BTSC suffered under the 2013
weight of dollar-denominated debt as the Thai Baht depreciate against the • BTS Group listed Thailand’s first Infrastructure Fund, BTS Rail Mass Transit
US Dollar by more than 130% in less than 6 months. Growth Infrastructure Fund (BTSGIF), which has the net farebox revenue
for Core Network.
1999 • Commenced operation of Silom Line extension (5km, 4 stations). .
(5km, 4 stations)
Commenced operation of the BTS SkyTrain Core Network (24km, 23 stations) .
2015
2006 – 2008 BTS Group strengthened its property business through the acquisition of 35.6%
Tanayong and BTSC successfully exited from court supervised rehab procedures of listed property company named ‘U City PCL (U City)’.
following the aftermath of the Asian Financial Crisis.
2009
• Commenced operation of the Silom Line extension (3km, 2 stations). .
(3km, 2 stations)
• Expanded into Media business through 100% acquisition of VGI PCL (VGI).