DONKI Thonglor Co., Ltd announced that it expects to receive THB 350 million in funding from PPI CO., LTD., Saha Pathana Inter-Holding Public Company Limited, TOA Venture Holding Company Limited
DONKI Thonglor Co., Ltd. announced a private placement of 350,000 shares at THB 1,000 per share for gross proceeds of THB 350,000,000 on December 4, 2019. The transaction will include participation from existing investors, PPI (Thailand) CO., Ltd for 175,004 shares, Saha Pathana Inter-Holding Public Company Limited and its three group companies for 98,996 shares, and TOA Venture Holding Company Limited for 76,000 shares. On closing, the investors will each hold 60%, 22%, and 18% stakes in the company respectively. The payment date for the shares is expected on December 6, 2019. The transaction is by way of third party allocation to the existing shareholders of the company.