บริษัท ซีแพนเนล จ ำกัด(มหำชน)
85 หมู่9 ต ำบลหนองอิรุณ อ ำเภอบ้ำนบึง ชลบุรี20220
TEL: 038-110868FAX:038-110874
CPanel Public Company Limited
85 Moo9 Nong Irun Ban Bueng Chonburi 20220 Thailand TEL:+66(0)38-110868FAX:+66(0)38-110874
July 19, 2022
Subject Report the utilization of Proceeds from IPO (Edited) CPanel Public Company Limited
Attention President
The Stock Exchange of Thailand
CPanel Public Company Limited ("the Company") had completed the Initial Public Offering (IPO) on September 21- 23, 2021 of 39,500,000 shares at 6.00 baht per share with the total amount of 237.00 million baht. After deducting expenses from IPO, the remaining balance is 220.40 million baht.
In order to ensure the efficient of capital management, the use of capital proceeds from IPO for the construction of the 2nd factory is expected to begin gradually drawdown from the second quarter of 2022 onwards. The Board of Directors' meeting No. 5/2021, held on November 11, 2021, therefore resolved to approve the change in objectives. As detailed in the table below.
The company would like to report the utilization of capital increase from IPO as of June 30, 2022 as follows:
Amount used | |||||
IPO | between Jan | Remaining balance | |||
Objective/1 | Proceeds | 1,2022 - Jun | as of Jun 30, 2022 | Estimated time | |
(Million baht) | 30, 2022 | (Million baht) | |||
(Million baht) | |||||
1. | Investment in Additional Factory | 49.50 | - | 49.50 | Quarter 2 2022 - |
Quarter 4 2022 | |||||
2. | Financial Institution Debt Repayment | 150.50 | - | - | 2021 |
3. | Working capital | 20.40 | - | 20.40 | 2021 - 2022 |
Total | 220.40 | - | 69.90 |
Note: The investment for the 2nd factory, the company expect to b supported from financial institutions about 80 percent, the remainder the company provides from working capital or issue financial instruments.
/1 Report the utilization of proceeds from IPO (revised) as per attachment 1
Reference, the Notification of the Office of the Securities and Exchange Commission No.Sorjor.63/22018 Change of Objectives for the use of capital according to form 69-1 and draft prospectus dated November 5, 2018. Changes in the purpose of using the above funds, it is the distribution of investments or expenses between the items that have already been
บริษัท ซีแพนเนล จ ำกัด(มหำชน)
85 หมู่9 ต ำบลหนองอิรุณ อ ำเภอบ้ำนบึง ชลบุรี20220
TEL: 038-110868FAX:038-110874
CPanel Public Company Limited
85 Moo9 Nong Irun Ban Bueng Chonburi 20220 Thailand TEL:+66(0)38-110868FAX:+66(0)38-110874
disclosed in form 69-1. Therefore, it is no significant change in the purpose of using fund, it can be approved by the Board
of Directors' meeting and report such changes to the shareholders' meeting for acknowledgment in the next meeting.
Please be informed accordingly,
Best Regards,
(Mr.Chakrit Theepakornsukkasame)
Chief Executive Officer
CPanel Public Company Limited
บริษัท ซีแพนเนล จ ำกัด(มหำชน)
85 หมู่9 ต ำบลหนองอิรุณ อ ำเภอบ้ำนบึง ชลบุรี20220
TEL: 038-110868FAX:038-110874
CPanel Public Company Limited
85 Moo9 Nong Irun Ban Bueng Chonburi 20220 Thailand TEL:+66(0)38-110868FAX:+66(0)38-110874
Attachment 1
Old
CPanel Public Company Limited ("the Company") had completed the Initial Public Offering (IPO) on September 21- 23, 2021 of 39,500,000 shares at 6.00 baht per share with the total amount of 237.00 million baht. After deducting expenses from IPO, the remaining balance is 220.40 million baht, the company would like to report the utilization of capital increase from IPO as of December 31, 2021 as follows:
IPO Proceeds | Amount used between Oct | Remaining balance | ||
Objective | 24, 2021 - Dec 31 ,2021 | as of Dec 31, 2021 | ||
(Million baht) | ||||
(Million baht) | (Million baht) | |||
1. | Investment in Additional Factory | 100-150 | - | 100.00 |
2. | Financial Institution Debt Repayment | 50-100 | 100.00 | - |
3. | Working capital | 20.40 | 20.40 | - |
Total | 220.40 | 120.40 | 100.00 | |
Note : Details in the news on : 28 January 2022
New
CPanel Public Company Limited ("the Company") had completed the Initial Public Offering (IPO) on September 21-23, 2021 of 39,500,000 shares at 6.00 baht per share with the total amount of 237.00 million baht. After deducting expenses from IPO, the remaining balance is 220.40 million baht.
In addition, the company would like to report the use of capital increase as of December 31, 2021 as follows:
IPO | IPO | Amount used | |||
between Oct | Remaining balance | ||||
Proceeds | Proceeds | ||||
Objective | 24, 2021 - Dec | as of Dec 31, 2021 | |||
(Million baht) | (Million baht) | ||||
31 ,2021 | (Million baht) | ||||
(Former) | (New) | ||||
(Million baht) | |||||
1. Investment in Additional Factory | 100-150 | 49.50 | - | 49.50 | |
2. | Financial Institution Debt | 50-100 | 150.50 | 150.50 | - |
Repayment/1 | |||||
3. | Working capital | 20.40 | 20.40 | - | 20.40 |
Total | 220.40 | 220.40 | 150.50 | 69.90 | |
บริษัท ซีแพนเนล จ ำกัด(มหำชน)
85 หมู่9 ต ำบลหนองอิรุณ อ ำเภอบ้ำนบึง ชลบุรี20220
TEL: 038-110868FAX:038-110874
CPanel Public Company Limited
85 Moo9 Nong Irun Ban Bueng Chonburi 20220 Thailand TEL:+66(0)38-110868FAX:+66(0)38-110874
Note: The investment for the 2nd factory, the company expect to be supported from financial institutions about 80 percent, the remainder the company provides from working capital or issue financial instruments.
/1Change the purpose of using the capital by reducing the amount of investment in additional factory and increase the amount of financial institution debt repayment by Baht 50.50 million.