Modernform Health & Care Co., Ltd. announced a private placement of 6,400,000 shares at THB 10 per share for gross proceeds of THB 64,000,000 on January 27, 2017. The transaction will include participation from returning investor, Modernform Group Public Company Limited (SET:MODERN) for THB 60,800,000 to maintain its 95% stake in the company. Post the closing, the registered capital of the company will increase from THB 86,000,000 to THB 150,000,000. The transaction was approved by the investor’s board of directors.