Hua Hin Alpha 71 Co., Ltd. announced a private placement of 6,000,000 newly preferred shares at a par value of THB 100 per share and the subscription price of THB 100 per share for gross proceeds of THB 600,000,000 and 1,500,000 newly ordinary issued shares at a par value of THB 100 and the subscription price of THB 100 per share for gross proceeds THB 150,000,000 for aggregate gross proceeds of THB 750,000,000 on August 9, 2021. The transaction included participation from investors, including existing investor, Proud Real Estate Public Company Limited which will subscribe all newly ordinary shares. As a part of the transaction, company's registered capital will increase from THB 50,000,000 to THB 800,000,000.

The company will issue non-convertible preferred shares and common shares in the transaction. the transaction is expected to be close in September 2021. The transaction has been approved by the board of directors.