Selic Corp Public Company Limited (SELIC) revealed that the Board of Directors meeting held on 24 June 65 approved to increase the registered capital of the company 44,643,000 baht from 250,998,516 baht to 295,641,516 baht by issuing new ordinary shares. 89,286,000 shares with a par value of 0.50 baht per share, allocated for sale to private placement (Private Placement), offering price 2.80 baht per share, totaling 250,000,800 baht, to Mr. Witoon Vongkusolkit as a shareholder 15.10% of the total number of shares sold Expected to pay for shares within Q3’19
The Company has set the date for the Extraordinary General Meeting of Shareholders No. 1/2565 on 11 Aug. 65 by specifying the list of shareholders who have the right to attend the shareholders’ meeting (Record date) on 11 Aug. C.65
such capital increase Because the company aims to expand investment in potential businesses. There is a plan to invest in industrial projects for the production and distribution of health care products and pharmaceuticals, which is an extension of the current business. The company plans to use the money received from the capital increase of 250 million baht to expand the said business. The investment in industrial projects for the production and distribution of health care products and pharmaceuticals is not more than 600 million baht.
However, the Company must invest more than the amount received from this capital increase. The company will consider using other sources of funding. It will take into account the financial status of the business and the capital market condition as important for the best benefit to the business and its shareholders, and the company will consider using other sources of funding, such as borrowing funds from financial institutions. Including the company considering investors who have potential in capital and wish to invest in the company’s business. The company therefore entered into negotiations with investors until this time was successful.
The investment in the manufacturing and distribution of health care and pharmaceuticals The company is in the process of negotiating with the contract parties.
By InfoQuest News Agency (27 Jun 65)
Tags: Selic, Selic Corp, Thai stocks
