Company Background
Thai Coconut Public Company Limited (“the Company” or “TCN” or “COCOCO” in SET) was originally established as C&A Inter Marketing Company Limited by the Chinpinkyo family on October 7th, 2008, with a registered capital of 1,000,000 baht. Initially, the business operated in a trading format, dealing in various ready-to-eat food products such as coconut milk for foreign markets. Subsequently, the Company experienced continuous growth and, recognizing the growth trend in the production and sale of coconut milk and coconut-derived processed products, the executives decided to start producing these products themselves. A factory was established in Ratchaburi Province for the production and sale of both the Company’s brand products and those under customer brands, benefiting from the factory’s location near coconut raw material sources.
Later, in December 2009, the Company’s name was changed to “Thai Coconut Company Limited” and on January 30th, 2015, it was transformed into a public limited Company under the name “Thai Coconut Public Company Limited”. Additionally, the registered capital was increased from 400 million baht to 550 million baht. In March 2023, the Company further increased its registered capital from 550 million baht to 735 million baht by issuing 370 million new ordinary shares at a par value of 0.50 baht each for its first public offering (Initial Public Offering: IPO) between September 4th and 6th, 2023. The Company’s ticker symbol, “COCOCO”, was registered and began trading on the Stock Exchange of Thailand on September 14th, 2023.
Currently, the Company is a leader in the production and sale of a diverse and internationally recognized range of coconut and fruit processed products over 97 countries worldwide. The Company has a research team dedicated to developing production formulas either independently or in collaboration with customers to improve product formulas. It emphasizes product quality by controlling the production process from the acquisition of main raw materials, such as white coconut meat and coconut water, transporting raw materials to the factory, safe and sterile production procedures, storage of finished goods, packaging, and timely delivery of products as per customer requirements. Moreover, the Company is aware of the importance of environmental conservation and improving the quality of life in the surrounding community for sustainable coexistence. Additionally, the Company focuses on creating sustainable employment opportunities for the local community by hiring local residents and promoting coconut planting to supplement family incomes, ensuring the Company’s business operations can grow sustainably into the future.
Besides producing and selling coconut and fruit processed products under the Company, Thai Awesome Company Limited (“TAS”), a subsidiary of the Company, is a producer and seller of high-quality, internationally standard wet pet food for dogs and cats, utilizing diverse innovations focused on health-promoting pet food under the brand “Moochie”. Furthermore, another subsidiary, Thai Plant Based Food Company Limited (“TPF”), operates as a producer and seller of health food products from high-protein plant sources such as grains and legumes under the brand “CHIMCHIM”. Additionally, the Company has a joint venture, Justlike and More Company Limited (“JLM”), which operates in the production and sale of plant-based cheese and butter products, with the Company holding 59.99% of the registered and paid-up capital.
The products produced and sold by the Company and its subsidiaries can be categorized into four main types as follows:
1. Coconut and fruit processed products
Various products processed from coconut and fruits, such as canned coconut milk, UHT coconut milk, pasteurized coconut milk, canned coconut water, UHT coconut water, pasteurized coconut water, cold-pressed coconut oil, coconut snacks, and ready-to-eat food under the brands “Thaicoco” and “Cocoburi”, including products for industrial use.
2. Wet pet food for dogs and cats
Wet pet food products for dogs and cats, including meat loaf, stew, real meat flakes, and fish, under the brand “Moochie”, and providing services from product research and development, design, and packaging for contract manufacturing (Original Equipment Manufacturer or OEM), distributed both domestically and internationally, producing both dog and cat food as well as dietary supplements for dogs and cats, offering various types of nutritional benefits, such as mousse, food sticks, and vitamin water, with revenue from product production and sales starting in 2021.
3. Health food products from plant proteins
Health food products in the protein (Plant-based Food) category, made from high-protein plant sources such as grains and legumes, produced and sold under the brand “CHIMCHIM” and for contract manufacturing (Original Equipment Manufacturer or OEM), with main products including Asian appetizers such as dim sum, gyoza, har gow, shumai, etc., and Western appetizers such as nuggets, boneless fried chicken, chicken pops, fried shrimp, fried squid, etc.
4. Plant-based cheese and butter products
Various types of plant-based cheese and butter products, which are vegetarian foods made from plant fats, including vegan slice, vegan shreds, vegan spread and cream cheese, and vegan cheese bar, etc.
Important events
January 2025
The Board of Directors approved the Company’s investment in the Philippines to support the expansion of production capacity for coconut milk and coconut water products. The investment is carried out through the establishment of a subsidiary under the name NOVOCOCONUT INC., in which Thai Coconut Public Company Limited holds 99.99% of the shares. This investment aims to strengthen access to raw materials, enhance production capacity, and support global market demand, thereby contributing to the Company’s long-term business growth.
February 2025
The Company signed a Memorandum of Understanding (MOU) with Anflo Industrial Estate (AIE), located in Panabo City, Davao del Norte, Philippines, to lease land within the industrial estate for the establishment of the subsidiary and the construction of a production facility for coconut milk and other coconut-based products. This initiative aims to strengthen raw material sourcing capabilities, expand production capacity, and support long-term global market expansion
April 2025
The Company registered the incorporation of NOVOCOCONUT INC. as a subsidiary under the laws of the Philippines. The subsidiary engages in the manufacturing and distribution of coconut-based processed products, with the objective of supporting the growth of the global coconut product market, enhancing production capabilities, and mitigating long-term supply chain risks
July 2025
The Company entered into Memorandums of Understanding (MOUs) with two key partners:
1.SCG Packaging Public Company Limited under the “Old for New by SCGP Recycle” program, which promotes recycled material management in accordance with the circular economy concept.
2.Kasetsart University for a research project titled “Development of Allometric Equations for Biomass Measurement of Coconut Trees,” covering both aromatic coconut and coconut varieties used for coconut milk production. The collaboration aims to support sustainable resource management and long-term development of the raw material supply chain.
September 2025
The Company received the Carbon Footprint for Organization (CFO) certification for the fourth consecutive year from the Thailand Greenhouse Gas Management Organization. This recognition reflects the Company’s commitment to systematically managing and reducing greenhouse gas emissions and conducting business in accordance with sustainable development principles.
September 2025
NOVOCOCONUT INC. applied for investment promotion privileges from the Philippine Economic Zone Authority (PEZA) and was granted tax and investment incentives in accordance with the authority’s regulations, which will support business operations and enhance long-term competitiveness.
Important events
January 2024
The Company was selected for inclusion in the SET100 Index for the first time, effective from January 1 to June 30, 2024. This reflects the Company’s strong stock liquidity and growing market capitalization
March 2024
At the Board of Directors’ Meeting No. 3/2024 held on March 25, 2024, the Board approved an investment in the construction of a semi-automated warehouse with a total investment value of approximately THB 250 million. This facility will support the storage of coconut-based products in response to the Company's increasing production capacity and growing customer demand. The new warehouse will feature modern technologies, enhancing overall storage and logistics efficiency.
August 2024
At the Board of Directors’ Meeting No. 7/2024 held on August 8, 2024, the Board approved the divestment of the Company’s entire 59.99% equity stake in Just Like and More Co., Ltd. (JLM). As a result, JLM ceased to be a subsidiary of the Company.
November 2024
At the Board of Directors’ Meeting No. 8/2024 held on November 8, 2024, the Board approved the extension of the timeline for utilizing funds for the purpose of expanding coconut product production capacity — from within 2024 to within June 2025. This change is considered immaterial under SEC Notification No. SorJor. 63/2561. Additionally, in the same month, the Company received SET Awards 2024 under the Business Excellence category, winning the Deal of the Year Award and the Outstanding Deal Award for its successful IPO and capital market achievements.
December 2024
Thai Plant Based Food Co., Ltd., a subsidiary of the Company, registered a change of its company name to Thai Premium Street Food Co., Ltd. to reflect its future business direction
Important events
In January
Thai Awesome Company Limited increased its registered capital from 120 million baht to 324 million baht by issuing 2,040,000 new common shares with a par value of 100 baht per share for a right offering to existing shareholders. The capital increase aimed to provide working capital for business operations. Thai Plant Based Food Company Limited also increased its registered capital from 5 million baht to 60 million baht by issuing 550,000 new common shares with a par value of 100 baht per share for a right offering to existing shareholders. The capital increase aimed to fund investment in machinery, factory, and office renovations, and provide working capital for business operations.
In March
the Company increased its registered capital from 550 million baht to 735 million baht by issuing 370,000,000 new common shares with a par value of 0.50 baht per share for a public offering (Initial Public Offering: IPO).
In April
the annual general meeting of shareholders of the Company for the year 2023, held on March 16th, 2023, approved the payment of the 2023 annual dividend to shareholders in cash on April 12th, 2023, from the accumulated profits of the business promoted by the Board of Investment (BOI) as of December 31st, 2022, which is exempt from corporate income tax, at a rate of 0.1818181818 baht per share for 1,100,000,000 common shares, totaling 200 million baht in dividends.
In May
the Company and its subsidiaries launched new products at the THAIFEX – Anuga Asia 2023 exhibition, the largest food exhibition in Asia, held at the IMPACT Exhibition and Convention Center, Muang Thong Thani, Nonthaburi Province, as follows:
1. Thai Coconut Public Company Limited launched
1.1 Frozen coconut cubes, a product that enhances the taste and texture of beverages
1.2 Frozen smoothies, an organic coconut water product blended with frozen fruit pulp, available in 3 flavors: 1. organic coconut smoothie with pineapple cubes, 2. organic coconut smoothie with dragon fruit cubes, and 3. organic coconut smoothie with passion fruit cubes. These products are vegan and certified organic by the United States and the European Union.
1.3 Plant-based cream soup products, which are low in cholesterol and convenient to consume by simply pouring the soup into a pot and heating it up.
1.4 Sweetened condensed oat milk is a sweetened condensed milk product made from oats, suitable for use as an ingredient in beverages for consumers who are lactose intolerant or allergic to animal milk.
1.5 Tea series with konjac, including Thai tea and Taiwanese tea with added konjac to increase fiber, beneficial for the digestive system.
1.6 Evaporated oat and almond milk products, made from oats and almonds, suitable as an ingredient for beverages for consumers who are lactose intolerant or allergic to animal milk.
2. Thai Awesome Company Limited launched
2.1 Dog Home Cooked products, holistic grade, under the brand “Moochie”, made from human-grade raw materials including imported meats and containing Superfood ingredients in 3 formulas: 1. beef, salmon, and riceberry 2. chicken, pumpkin, and tomato, and 3. lamb, sweet potato, and spinach, packaged in plastic zip pouches and can be refrigerated for 3 days if not consumed immediately, offering convenience as they can be “torn, poured, and eaten” without the need for cooking.
2.2 “Home style” dog food products under the brand “Moochie”, in 3 formulas: 1. Home Style Chicken Recipe Topping Rice 2. Home Style with Beef Stew, and 3. Home Style with Lamb Topping Pasta, mimicking human food and rich in nutritional value from meat and vegetables, made from human-grade ingredients.
3. Thai Plant Based Food Company Limited launched vegan products made from meat substitute ingredients, packaged in biodegradable packaging, free from cholesterol, MSG, trans-fat, and non-GMO including:
3.1 Plant-based beefless bulgogi mandu, a popular Korean street food product, resembling Chinese dumplings or gyoza;
3.2 Sticky rice burger with pork, grilled chicken sticky rice burger, and beef and cheeseburger, Thai fusion food products from Thai street food and fast food;
3.3 Plant-based Thai-style grilled pork skewers (Mooping) and chicken satay, popular Thai street food items;
3.4 Thai Street food products, ready meals including Pad Thai, Tom Yum soup, Green curry, Pad See Ew, Panang, and Yellow curry, famous Thai dishes recognized worldwide.
In September
the Company made its first public offering (IPO) from September 4th to 6th, 2023, and began trading its stocks under the name “COCOCO” on the Stock Exchange of Thailand (SET) on September 14th, 2023. Furthermore, the Company board meeting No. 14/2023 held on September 29th, 2023, a resolution was approved for a project to expand the production capacity of bottled coconut water using UHT PRISMA. The Company invested in purchasing 4 aseptic filling machines of 330 milliliters and 2 aseptic filling machines of 1,000 milliliters, along with related equipment, with an investment value of approximately 384.70 million baht.
In October
the Company board meeting No. 15/2023 held on October 19th, 2023, a resolution was approved for an interim dividend payment from the accumulated profits of the Company as of June 30th, 2023, at a rate of 0.20 baht per share, totaling 1,470,000,000 shares, amounting to a dividend payment of 294 million baht, and approved the allocation of an additional 18.5 million baht to the legal reserve fund.
In November
at the Company board meeting No. 16/2023 held on November 9th, 2023, a resolution was approved to make insignificant changes to the use of funds received from the initial public offering (IPO) of common stock to the public, by reallocating investment funds or expenses among the items disclosed in the prospectus, with the period of fund usage remaining unchanged. Additionally, the meeting approved an investment in a project to expand the production capacity of fruit juice beverages and/or carbonated fruit juice beverages, bottled in PET, with the Company investing in buildings, building structures, machinery, and various systems, with an investment value of approximately 650 million baht.
Important events
In April
the Company registered the establishment of a subsidiary, Thai Plant Based Food Company Limited, operating in the production and sale of health foods from plant-based protein (plant-based food), on April 8th, 2022, with a registered capital of 5 million baht, of which the Company holds a total of 49,700 shares, representing 99.40% of the issued and paid-up capital.
In November
the Company invested by purchasing shares of Thai Awesome Company Limited, totaling 1,176,450 shares, representing a 98.04% proportion of the total shares.
Important events
In August
the Company registered the establishment of a joint venture, Justlike and More Company Limited (“JLM”), operating in the production and sale of cheese and butter products made from plants, on August 4th, 2021, with a registered capital of 1 million baht, of which the Company holds a total of 119,997 shares, representing 59.99% of the issued and paid-up capital.
Important events
In August
the Company established Thai Awesome Company Limited with a registered capital of 120 million baht, operating in the production and sale of pet food for dogs and cats, recognizing the growth trend of the pet food business due to the increasing rate of pet ownership globally.
Important events
In January
the Company registered its transformation into a public limited Company on January 30th, 2015, under the name “Thai Coconut Public Company Limited” and changed the par value of shares from 100 baht per share to 1 baht per share, also increasing the registered capital from 400 million baht to 550 million baht.
In August
the extraordinary general meeting of shareholders No. 2/2015 on August 13th, 2015, resolved to change the par value from 1 baht per share to 0.50 baht per share.
Important events
In January
the Company registered a change of name from “C&A Inter Marketing Company Limited” to “Thai Coconut Company Limited”.
Important events
In October
the Chinpinkyo family established the Company under the name C&A Inter Marketing Company Limited on October 7, 2009, with a registered capital of 1 million baht, to operate as a trading firm in various ready-to-eat food products, such as coconut milk, for export to foreign countries.
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