OM6508001
1 August 2022
Subject: Report of the utilization of capital increased
To: Director and Manager
The Stock Exchange of Thailand
According to News Network Corporation Public Company Limited (the "Company") has offered 30,000,000,000 shares to a private placement at a price of 0.018 Baht per share, representing a capital increase in the amount of 540,000,000 Baht, with the subscription date and payment for the subscription for newly issued ordinary shares during 7 March 2022 - 11 March 2022. The Company would like to report the use of such capital increase as of 30 June 2022 as follows:
- Cash received from capital increased 540 | Million Baht | |||
Utilization Plan | Actual Spending | Balance as at | ||
Objectives | 30 June 2022 | |||
(Million Baht) | (Million Baht) | |||
(Million Baht) | ||||
1. To use as funds for business operations for indirect | 475 | (475) | - | |
subsidiaries | ||||
2. To use as working capital in the Company | 40 | (16.85) | 23.15 | |
3. To use as funds to support the investment of the | 25 | (25) | - | |
Company's future business | ||||
Total | 540 | (516.85) | 23.15 | |
Please be informed accordingly.
Sincerely yours,
(Mr.Kritsada Pruitipat)
Chief Executive Officer
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News Network Corporation pcl published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 10:44:02 UTC.