TSI_SET 012/072022
27 July 2022
Re: | Report of the Utilization of increased capital |
Dear: | Presidents, |
The Stock Exchange of Thailand |
THAI SETAKIJ INSURANCE PUBLIC COMPANY LIMITED ("the Company)" had issued and offered the ordinary shares by initial public offering (IPO) on October 9, 2019 totaling 821,158,774 shares at THB 0.50 per share. The proceeds of such capital had increased the amount to 408,279,387 Baht after deducting the related expenditures. The use of such capital increase as at 31 December 2 0 2 1 was reported on 10 January 2022 and the balance was 100 million baht.
The Company would like to inform the fund utilization as of 1 January 2022 - 30 June 2022 as follows:
(Unit: Baht Million) | |||
Objective | Proceed Utilization Plan | Actual spending | Balance |
Balance | until | as of 30 June 2022 | |
as of 31 December 2021 | 1 January 2022-30 June 2022 | ||
• To use as working capital in | 100 | (50) | 50 |
expanding insurance business | |||
and the recruitment of | |||
knowledgeable personnel | |||
Total | 100 | - | 50 |
Please be informed accordingly. | |||
Yours sincerely, |
(Dr.Tanaphol Bunwarut)
Chief Executive Officer (Acting)
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Thai Setakij Insurance pcl published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 11:23:08 UTC.