Seahorse Ferries Co., Ltd. announced a private placement of 500,000 shares at a price of THB 100 per share for gross proceeds of THB 50,000,000 on June 17, 2021. The transaction will include participation from returning investors Namyong Terminal Public Company Limited for 255,000 shares, Theparak Leungsuwan for 100,000 shares, Pongthep Leungsuwan for 70,000 shares, TPP International Co. Ltd. for 50,000 shares and Steven William Ponter for 25,000 shares to retain their 51%, 20%, 14%, 10% and 5% stake respectively in the company.

Post completion of the transaction, the capital of the company will increase from THB 100,000,000 to THB 150,000,000. The transaction has been approved by the board of directors of Namyong Terminal Public Company Limited (SET:NYT).