Global Consumer Public Company Limited announced that it expects to receive THB 415.382019 million in funding from Sycamore Capital SPC

Global Consumer Public Company Limited announced a private placement of 400,000 senior unsecured convertible debentures at a price of THB 1,000 per unit for the gross proceeds of THB 400,000,000 and 307,640,382 shares at a price of THB 0.5 per unit for the gross proceeds of THB 153,820,191 for the total gross proceeds of THB 415,382,019 on June 24, 2024. The debentures will have a zero coupon rate and a conversion price of THB 0.2 per share. The transaction has been approved by the shareholders of the company.

The transaction will include participation from new investor, Sycamore Capital SPC.