Keep a Close Eye on SPCG amid Rumor of a Capital Increase over THB2 Billion through PP!
Keep a Close Eye on SPCG amid Rumor of a Capital Increase over THB2 Billion through Private Placement!
SPCG Public Company Limited (SPCG) is considering a capital increase by issuing and allocating the company’s ordinary shares at a value around 2,000 million baht through a private offering (Private Placement or PP), reported a source in the financial industry.
The objective of this capital increase is to partially fund for its future investments. Meanwhile, the company had approved a dividend payment of Bt0.65 per share from the operating period in 2H20.
The matter will be included in the Annual General Meeting of Shareholders on April 19, 2021.
Earlier in January 2021, the extraordinary general meeting of shareholders of SPCG approved the issuance and allocation of the Company’s ordinary shares not exceeding 81,800,000 shares, with a par value of THB 1.00 per share, to be offered to Mitsu Power Group Co., Ltd. (Mitsu) at the price of THB 22.00 per share for an exchange of Mitsu’s entire business transfer to the company.