SHG Management Co.,Ltd. announced a private placement of 50,000 shares at the price of THB 100 per share for gross proceeds of THB 5,000,000 on September 28, 2020. The transaction included participation of existing investors Syntec Construction Public Company Limited (SET:SYNTEC) who will acquire 35,000 shares for THB 3,500,000 and increase holding to 63,000 shares, Tate Enterprise Co.,Ltd who will acquire 5,000 shares for THB 500,000 and increase holding to 63,000 shares, Thonglor Management Co.,Ltd who will acquire 2,500 shares for THB 250,000 and increase holding to 4,500 shares, and Sawang Mankongcharoen who will acquire 7,500 shares for THB 750,000 and increase holding to 13,500 shares. The company will increase its capital from THB 4,000,000 to THB 9,000,000. The transaction has been approved by the board of directors of Syntec Construction Public Company Limited (SET:SYNTEC). The transaction is expected to close within October 2020.