Forth Smart Trading Company Limited announced a private placement of 9,900,000 shares at a price of THB 10 per share for gross proceeds of THB 99,000,000 on January 19, 2017. The transaction will include participation from returning investor, Forth Smart Service Public Company Limited (SET:FSMART). The transaction was approved by the company, and the board of directors of the investor. The capital of the company will increase from 100,000 shares amounting to THB 1,000,000 to 10,000,000 shares amounting to THB 100,000,000 upon closing. The investor holds 97% stake in the company and will increase its stake to 99.7% upon closing. The company intends to complete the transaction within the first quarter of 2017.