MVP080/2022
July 27, 2022
Subject : Report on use of proceeds from capital increase raised from through Private Placement as at June 30, 2022
Attention The President
The Stock Exchange of Thailand
Reference to M Vision Public Company Limited ("the Company") issued and allocated of 45,000,000 newly-issued ordinary shares, at a par value of Baht 0.50 per share, by offering to the specific person (Private Placement) to Capital Asia Investment Pte. Ltd., the offering price Baht 4.20 per share. As at March 24, 2022, the Company received the proceeds of Baht 189,000,000. The Company hereby reports the use of proceeds from the offering of the ordinary capital increase shares as at June 30, 2022 as follows:
Unit: million Baht | ||||||||||||||
Accumulated | ||||||||||||||
Outstanding | Utilization | Outstanding | ||||||||||||
Objective | Plan | balance | of proceeds | balance | ||||||||||
at March | during March | as of June | ||||||||||||
24, 2022 | 24, 2022 - | 30, 2022 | ||||||||||||
June 30, 2022 | ||||||||||||||
1. To invest in the business of Node | 160.0 | 160.0 | 160.0 | - | ||||||||||
validator and Cryptocurrency Mining | ||||||||||||||
business in Thailand or overseas (Bitcoin | ||||||||||||||
Mining Business) | ||||||||||||||
2. To utilize as the working capital for the | 29.0 | 29.0 | 19.0 | 10.0 | ||||||||||
Company's business operation | ||||||||||||||
Total | 189.0 | 189.0 | 179.0 | 10.0 | ||||||||||
Please be informed accordingly.
Sincerely yours,
(Mr. Opas Cherdpunt)
Chief Executive Officer
M Vision Public Company Limited