 |
23rd
November 1977 |
Inter Far East Engineering
Wisawakit Co.,Ltd was established on Petchburi Road, Bangkok
with a registered capital of 500,000 baht, consisting
of 5,000 shares of 100 baht each, of which initially only
50% was paid-up capital. |
 |
1st January
1978 |
The company began operations by servicing
air conditioners and repairing delivery trucks in the
Sahapatanapiboon Groups of Companies. |
 |
1980 |
The company’s name was changed to Inter
Far East Engineering Company Limited ., and its registered
capital was increased to 1 million baht. |
 |
1982 |
The company’s registered capital was increased
to 3.5 million baht. |
 |
1983 |
The company was appointed sales agent for
“Konica” opying machines, distributed in Thailand on behalf
of Japan’s Konica Corporation by Mitsubishi Corporation.
The company’s registered capital was raised to 5 million
baht. |
 |
1987 |
The capital of the company’s shares was
changed from 5 millions to 10 millions and then 30 millions
baht at par value of 100 baht per share. |
 |
1988 |
1988 The Company has been approved as Listed
Company in The Stock Exchange of Thailand, its head office
was transferred from Petchburi to the IFEC Building at
29 Soi Ramkhamhaeng 22, Ramkhamhaeng Road, Huamark, Bangkapi,
Bangkok 10240. |
 |
1990 |
Raised capital to ß120 Million by public
offering of new share included ß 50 Million 5 years convertible
debentures. |
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1994 |
Change the company status from Company
Limited to Public Company Limited and trade in The Stock
Exchange of Thailand. The company was selected by NEC
[Thailand] Co.,Ltd to be its distributor of NEC exchange
telephone systems (PABX). |
 |
1997 |
Due to devaluation of Thai currency and
Asian Economy Crisis. Company had downsizing and restructuring
business and financial position. |
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2001 |
Declared Chapter 11 for protection under
Bankruptcy Law . |
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2002 |
2002 The Court has approved the restructuring
plan done by both the creditors and the company. |
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2005 |
IFEC was rehabilitated before the assignment,
means to the company has the high potential and high efficiency
to do the business. |