Meiwa Industry (Thailand) Co. Ltd. announced that it has raised THB 96,000,000 in a round of fuding on April 19, 2016. The transaction included participation from existing investor, Meiwa Industry Co., Ltd. The investor increased its stake from 49% to 97% stake in the company.

The other existing shareholders will no longer hold any stake in the company after the sale of their shares to the investor.