CSM Capital Partners Co., Ltd. announced that it expects to receive THB 100 million in funding from Syntec Construction Public Company Limited and other investors
CSM Capital Partners Co., Ltd. announced a private placement of 1,000,000 shares at a price of THB 100 per share for gross proceeds of THB 100,000,000 on March 15, 2021. The transaction will include participation from returning investor, Syntec Construction Public Company Limited (SET:SYNTEC) for 600,000 shares and others for 400,000 shares in the same proportion as per the shareholding in the company. Post closing, Syntec Construction Public Company Limited (SET:SYNTEC) will retain its 60% stake in the transaction. The transaction has been approved at the Syntec Construction Public Company Limited (SET:SYNTEC)'s board of directors meeting No. 3/2021. The transaction is expected to close within March 2021 after being approved by the board of directors.