M Vision Public Company Limited announced a private placement of 45,000,000 common shares at a price of THB 4.20 per common share for a total gross proceeds of THB 189,000,000 on January 24, 2022. The transaction will include participation from new investor Capital Asia Investments Pte. Ltd, for 22.57% stake upon closing.

The transaction has been approved by the board of directors of the company. The transaction is subject to approval in the Extraordinary General Meeting of shareholders. All the securities issued will subject to a hold period of one year from the date of issuance.