Bangkok Riva Development Co., Ltd announced that it will issue 50,000,000 common shares at a price THB 10 per share for gross proceeds of THB 500,000,000 on May 11, 2020. The transaction will involve participation from returning investor Everland Public Company Limited (SET:EVER). The share had pare value of THB 10 per share. The investor almost holds and will continue to hold just less than 100% stake in the company. The shares will be issued at par. Post completion of the transaction, the registered capital of the company will increase from THB 500,000,000 to THB 1,000,000,000. The transaction has been approved by the board of directors of the investor at the meeting number 5/2020.