Originally Posted by dmitra
Not much is known about Asia Cab Co's antecedents.
Asia Cab Co., Ltd. is backed by the Charoen Aksorn Holding Group (C.A.S. Group), a printing technology, paper, rubber, and trading conglomerate, headed by Mr. Somsak Dararattanarojna who is also the Chairman of Asia Cab Co., Ltd. In 2018, Charoen Aksorn Holding Group along with two other companies (Cho Thavee Public Co., Ltd. and Eason Paint Public Co., Ltd., holding minority shares) established ALL S Holding Co., Ltd. to invest in the auto assembly and public conveyance industry by way of the "London Taxi" project. In August 2019, ALL S Holding Co., Ltd. signed an assembly contract with a long-established contract vehicle assembler, Bangchan General Assembly Co., Ltd.
(BGAC). In December 2019, Eason Paint PLC increased its investment in ALL S Holding by about twofold.
It is however not clear what the relationship between ALL S Holding Co., Ltd. and Asia Cab Co., Ltd. is: whether Asia Cab Co., Ltd. is acting on behalf of ALL S Holding Co., Ltd. or has taken over the project entirely from the latter. Assembly of the AS4 cab is taking place at Bangchan Industrial Estate.