Chayo JV Asset Management Co., Ltd. announced private placement of 17,450,000 common or preferred shares at a price of THB 100 per share for gross proceeds of THB 1,745,000,000 on April 9, 2021. The transaction will include participation from existing investor Chayo Group Public Company Limited such that it will own 55% stake in the company and 9 other investors. The registered capital of the company will increase from THB 55,000,000 to THB 1,800,000,000 upon closing.

The transaction has been approved by the board of directors of Chayo Group Public Company Limited.