T.Krungthai Industries Public Company Limited (SET:TKT) announced a private placement of 136,780,000 common shares at a price of THB 1.30 per share for gross proceeds of THB 177,814,000 on August 14, 2020. The transaction will include participation from Karrie Automotive Investment Limited. The shares will be issued at par. The company will also issue 48,000,000 warrants. Each warrant will be exercisable to purchase one common share of the company at THB 1.70 per share. The warrants will expire after 24 months from the issuance. The first exercise date of warrants is October 30, 2020 and the last exercise date is April 15, 2021. Post completion of the transaction, the registered capital will increase from THB 214,000,000 to THB 350,780,000. The transaction has been approved the board of directors meeting number 7/2020 of the company and is subject to annual general meeting of shareholders 2020 to be held on October 21, 2020.