Karmarts Public Company Limited announced that it expects to receive THB 1.595014355 billion in funding from Wellsiam Company Limited and another investor

Karmarts Public Company Limited announced a private placement of 220,001,980 common shares at a price of THB 7.25 per share for gross proceeds of THB 1,595,014,355 on May 22, 2023. The transaction will include participation from new investor Wellsiam Company Limited for 198,001,782 shares and 18% stake in the company and QPE Fund 1 Limited for 22,000,198 shares and 2% stake in the company. The transaction has been approved by the board of directors of the company.

The transaction is subject to approval from the shareholders of the company. The transaction is subject to approval from the Office of Securities and Exchange Commission as specified in the Notification TorJor. 28/2565 and subject to approval from the Stock Exchange of Thailand.