Toyobo Saha Safety Weave Company Limited announced a private placement of 500,000 common shares with par value of THB 10 per share with new investor Saha Pathana Inter-Holding Public Company Limited (SET:SPI) January 19, 2017. The transaction has been approved by the board of directors of the investor. The investor will acquire 10% stake in the company through the transaction. The transaction is expected to close in January 2017.