On Cho Thavee Public Company Limited announced a private placement of convertible debentures for gross proceeds of THB 5,000,000 on August 24, 2022. The transaction will include participation from Advance Opportunities Fund, a fund managed by, Advance Capital Partners Asset Management Private Limited and Advance Opportunities 1 fund, a fund managed by, ZICO Asset Management Pte. Ltd. The maturity date of convertible debentures is September 15, 2025.

The transaction has been approved by the shareholders extraordinary general meeting.