RATCH Acquires 10% Stake in “PRINC” to Diversify into Hospital Business

Ratch Group Public Company Limited (RATCH) has announced that the company’s Board of Directors had approved the investment in ordinary shares of Principal Capital Public Company Limited (PRINC) at the proportion of 10% of PRINC’s issued and paid-up shares after the issuance of newly issued ordinary shares to the company.

Such investment comprised (a) an investment in PRINC’s newly issued ordinary shares, totaling 346,233,682 shares (equivalent to 9.09 of the PRINC’s total issued and paid-up shares after the issuance of newly issued ordinary shares to RATCH at Baht 4.09 each, and (b) the purchase of PRINC’s 34,623,369 ordinary shares from Ms. Satita Viddayakorn (equivalent to 0.91 of the PRINC’s total issued and paid-up shares after the issuance of newly issued ordinary shares to RATCH) at Baht 4.09 each. The total transaction amount is 1,557,705,338.59 baht. The company will proceed to enter into related agreements.

 

In this regard, PRINC previously operated in real estate business. Then afterward, there was an acquisition of private hospital business, and PRINC had transformed its core business to private hospital business and private hospital management.