Date | 15 July 2022 |
Subject | Report of the utilization of increased capital from initial public offering (IPO) |
Attention | The President |
The Stock Exchange of Thailand |
Asset World Corp Public Company Limited (the "Company") completed the initial public offering (IPO) of 8,000,000,000 shares at THB 6 per share in October 2019. The total amount of proceeds from IPO after deducting expenses related to newly issued ordinary shares was at THB 47,158 million and the remaining balance as of 31 December 2021 was at THB 4,976 million as reported to SET on 27 January 2022.
This time, the company would like to summarize the detail of expenditure as the following table;
Unit: THB million
Use of Proceeds | Approximate | Accumulated | Remaining | Actual | Accumulated | ||||
Cost | Amount as | Spending | Spending | Balance | |||||
Spending as of | of 1 | Amount | |||||||
(a)+(b) | |||||||||
January | |||||||||
31 December | (1 January - | ||||||||
2022 | |||||||||
2021 | 30 June 2022) | ||||||||
(As lasted | (b) | ||||||||
reported) | |||||||||
(a) | |||||||||
1.To fund the acquisition of Asset | Approximately | 25,500 | - | - | 25,500 | - | |||
Group 3 entities | 25,500 | ||||||||
2.To prepay existing indebtedness to | Approximately | 5,200 | - | - | 5,200 | - | |||
banks and/or the promissory notes | 5,200 | ||||||||
that | the | Company | and/or | ||||||
subsidiaries | have issued; | provided | |||||||
that such repayment will be made to | |||||||||
banks which are affiliates of the | |||||||||
financial advisors on the Combined | |||||||||
Offering and/or the Domestic Lead | |||||||||
Managers, namely: |
Use of Proceeds | Approximate | Accumulated | Remaining | Actual | Accumulated | |
Cost | Amount as | Spending | Spending | Balance | ||
Spending as of | of 1 | Amount | ||||
(a)+(b) | ||||||
January | ||||||
31 December | (1 January - | |||||
2022 | ||||||
2021 | 30 June 2022) | |||||
(As lasted | (b) | |||||
reported) | ||||||
(a) | ||||||
Kiatnakin Bank Public Company | ||||||
Limited; and | ||||||
The Siam Commercial Bank Public | ||||||
Company Limited | ||||||
3.To invest in the development and/or | Approximately | 5,355 | 4,976* | 726 | 6,081 | 4,250** |
renovation of the existing assets | 10,331 | |||||
and/or those of subsidiaries, as well | ||||||
as Asset Group 3 | ||||||
4. Or apply the proceeds toward the | Not greater | 11,103 | - | - | 10,377 | - |
Company' s treasury management | than 57,422 | (*The | (**The | |||
transactions in the ordinary courses | Company shall | Company shall | ||||
of business | utilize THB | utilize THB | ||||
4,976 million | 4,250 million | |||||
from treasury | from treasury | |||||
management to | management to | |||||
invest in the | invest in the | |||||
development | development | |||||
and/or | and/or | |||||
renovation of | renovation of | |||||
the assets | the assets | |||||
according to | according to | |||||
Item No.3) | Item No.3) | |||||
Total use of proceeds | 47,158 | 4,976* | 726 | 47,158 | 4,250** |
Please be informed accordingly.
Sincerely yours,
Dr. Karn Prativedwannakij
Chief Financial Officer
Authorized Person for Publishing Information