The Navakij Insurance Public Company Limited (SET:NKI) announced a private placement of 1,000,000 shares at THB 10 per share for gross proceeds of THB 10,000,000 on February 25, 2020. The transaction has been approved by the shareholders of the company. In case that any shareholders hold the indivisible share remaining after such allocation, cash will be paid instead of the stock dividend at the rate of THB 0.2857 per share. The dividend payment date is May 19, 2020.