Mr. Adisak Ruckariyaphong, Chairman of Executive Committee of Sappe Public Company Limited or ‘SAPPE’ received the Forbes Asia’s Best Under A Billion 2023 award as the company was named in the list for the second year in a row. The award was presented by Forbes Mesia’s Vice Chairman, Christopher Forbes, and Henry T. Sy, Jr., who is the Vice Chairperson of SM Investments Corporation. The award-presentation event was held in Manila, the Philippines.
Forbes Asia’s 200 Best Under A Billion list is an annual selection of 200 from around 20,000 listed companies in the Asia-Pacific region with yearly sales above $10 million but less than $1 billion. The companies on this list were selected base on their outstanding performance, notable revenue and profit in the past three years, strong average returns on equity in a five-year period, low debts and good corporate governance.
In addition, qualitative screens were also applied in the selection such as being companies with reliable accounting, environmental emphasis, good management and free from legal problems. SAPPE is one of 11 Thailand’s listed companies named in the list this year.