NIC Autotec Co., Ltd. announced that it expects to receive THB 60 million in funding from NIC Autotec, Inc.
March 06, 2020
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NIC Autotec (Thailand) Co., Ltd. announced a private placement of 60,000 shares at a price of THB 1,000 per share for gross proceeds of THB 60,000,000 on March 6, 2020. The transaction will include participation from existing investor, NIC Autotec, Inc. in the company. The transaction has been approved by the board of directors of the investor. The transaction is expected to close in late March 2020. Upon completion of the transaction; the registered capital will increase from THB 10,000,000 to THB 70,000,000. Post the transaction, the investor will hold 99.92% stake in the company. Post the transaction, the capital of the company will incarese from THB 70,000,000 to THB 130,000,000.
NIC Autotec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of industrial machinery and parts. The Company operates in three business segments. The Alfa Frame segment is engaged in the development, design, manufacture and sale of aluminum construction frames and auxiliary parts for frames under the brand ALFA FRAME SYSTEM. The Device segment develops, designs, manufactures and sells devices constructed from Alfa Frames, such as cleaning machines, conveyors and packaging equipment, inspection equipment and clean booth products, as well as aluminum structures, including equipment structures and safe covers, among others. The Trading segment is engaged in the provision of industrial grindstones, machinery and equipment such as cutting processing machines, tools such as end mills, bolts and drills, as well as lubricants.
NIC AUTOTEC, INC. 
