Thippayabadin Company Limited announced that it expects to receive THB 130 million in funding from Vibhavadi Medical Center Public Company Limited, Ramkhamhaeng Hospital Public Company Limited and another investor

Thippayabadin Company Limited announced that it will issue 26,000,000 ordinary shares at a par price of THB 5 per share for gross proceeds of THB 130,000,000 on January 19, 2021. The transaction will include participation from returning investors, Vibhavadi Medical Center Public Company Limited, Ramkhamhaeng Hospital Public Company Limited for 9,926,800 shares each to retain their stake of 38.18% each and Chettha Siwakrikul for 4,714,400 shares to retain a stake of 23.64% in the company. Post to the transaction, the total issued shares of the company will increase from 78,568,000 to 104,568,000 and the total issued and paid up capital will increase from THB 392,840,000 to THB 522,840,000.

The transaction is expected to close within in January 30, 2021.