On July 15, 2025, Santipol Jenwattanaphaisarn, the major shareholder and CEO of Jenkongklai Public Company Limited (SET: JPARK), reported an off-market sale of 20 million JPARK shares at THB 2.50 per share, according to the source. This transaction represented 5% of the total outstanding shares.
Santipol clarified that this sale was executed in compliance with a court order stemming from a business dispute—a personal legal matter unrelated to JPARK’s operations. Following the completion of this court-mandated share transfer, the legal case was considered closed. Santipol’s shareholding decreased to 52.758% from 57.758%. He also confirmed that he has no intention of selling any further shares.
Most recently, Santipol disclosed that between August 29-30, 2025, Dr. Pongsak Thammathatchaari completed share purchases and sales through the Stock Exchange of Thailand’s trading system. Dr. Pongsak also reported the acquisition or disposition of securities via Form 246-2 to the Securities and Exchange Commission (SEC).
As a result, the list of major JPARK shareholders as of July 30, 2025, is as follows:
- Santipol Jenwattanaphaisarn holds 211,031,220 shares, or 52.758%, down from 231,031,220 shares, or 57.758%, as of June 30, 2025.
- Dr. Pongsak Thammathatchaari holds 39,991,480 shares, or 9.998%, up from 36,323,780 shares, or 9.081%.
- Akkaraphon Tai holds 18,684,000 shares, or 4.671%, previously not among the top 13 shareholders.
- Sura Khanittaweekul holds 8,453,800 shares, or 2.113%, unchanged as the previous third-largest shareholder.
- Perajed Suwannapasri holds 8,150,000 shares, or 2.038%, unchanged as the previous fourth-largest shareholder.
The company emphasized that these changes in major shareholder structure do not affect the management’s control or the company’s business policy, nor do they alter the structure of the board of directors or executive management. Additionally, the changes do not trigger any requirements for a mandatory tender offer.
Sudwin Panyawongkhanti, Chief Financial Officer of JPARK, revealed that the company’s performance outlook for the second half of 2025 is poised to improve over the first half, in which JPARK recorded total revenue of THB 278.67 million and net profit of THB 42.20 million. This upswing is supported by increased progress and revenue recognition from new projects, which are expected to bolster financial results in 2H25.
Notably, JPARK anticipates significant advancements in the second half of the year from its contract with the Mass Rapid Transit Authority of Thailand (MRTA) to install parking management systems and enhance amenities at MRTA’s park & ride buildings and facilities.
The project, valued at THB 116.80 million, covers new system installations, including EV Charger stations, upgrades of existing systems, and additional convenience features. Secured in late 2Q25, JPARK expects to achieve key milestones and recognize further income from 3-4Q25, as revenue will be recorded in accordance with project completion.
For the full year 2025, JPARK aims to maintain total revenues at a level comparable to the previous year’s THB 670.07 million. The company faced challenges in 1H25 due to an economic slowdown, which impacted overall performance. Consulting services and CIPS (Carpark Integrated Platform Solutions) installations also declined, as new projects were in early stages and insufficient for substantial revenue recognition in the reporting period.
