CMO Public Company Limited announced a private placement of up to 78,000,000 common shares for gross proceeds of THB 78,000,000 on May 16, 2023. The transaction will include participation from individual investors, Surasak Udomsin for 15,000,000 shares, Thakul Vechpanich for 10,000,000 shares, Suchin Ratanasiriwilai for 10,000,000 shares, Thosaphol Danaboonchai for 10,000,000 shares and Sumate Boonbundarnsuk for 5,000,000 shares. The shares will be issued at a par value of THB 1 per share.

The transaction has been approved by the board of directors of the company and is subject to approval from the extraordinary general meeting of shareholders scheduled to be held on June 26, 2023. The transaction will take place before 12 months from the date of approval by the shareholders' meeting.