Siam Technic Concrete Public Company Limited
50 Soi Ngamwongwan47, Intersection20, Ngamwongwan Road
Thungsonghong Sub-district, Laksi District Bangkok 10210
No. STECH-IR009/2565
July 22, 2022 | |
Subject: | Report on the Utilization of IPO Funds |
To: | Director and Manager |
The Stock Exchange of Thailand |
With regards to the Initial Public Offering (IPO) of Siam Technic Concrete Public Company Limited ("the company"), the company sold 203.5 million newly issued shares at the price of THB 2.78 each during 13-16 July 2021, and registered the ordinary shares from capital increase listed to the Stock Exchange of Thailand on 23 July 2021. The Company has received total capital increase of THB 565.73 million baht. After deducting related expenses, the remaining proceeds are THB 550.32 million baht. As of 30 June 2022, the company has spent such capital from IPO as the amount 448.33 million baht and the remaining amount of such capital from IPO is 101.99 million baht.
The Company hereby report the use of IPO proceeds as of 30 June 2022 as follows :
(Unit : Million Baht)
Objectives | Estimated | Outstanding | Spending amount | Balance | ||||||||||
Utilization | balance as of | as of 1 Jan 2022-30 | ||||||||||||
31 Dec 2021 | Jun 2022 | |||||||||||||
Expansion of the prestressed concrete pile business | ||||||||||||||
- New factory construction project 2nd Branch in Chonburi province | 58.00 | 0.00 | 0.00 | 0.00 | ||||||||||
- Don Phut Plant Capacity Expansion Project | 45.00 | 44.00 | 37.36 | 6.64 | ||||||||||
- New factory construction project in Mukdaharn Province | 80.00 | 80.00 | 0.00 | 80.00 | ||||||||||
- Project for the purchase of concrete products transport trucks | 50.00 | 20.77 | 15.42 | 5.35 | ||||||||||
- Anti-vibration press purchase project / Mobile crane / | 65.00 | 2.66 | 2.66 | 0.00 | ||||||||||
Conventional Pile Driver | ||||||||||||||
Development of raw materials used in production | 10.00 | 10.00 | 0.00 | 10.00 | ||||||||||
Repayment of short-term loans in the form of promissory notes | 220.00 | 0.00 | 0.00 | 0.00 | ||||||||||
from financial institutions | ||||||||||||||
Working capital for the Company's operations | 22.32 | 0.00 | 0.00 | 0.00 | ||||||||||
Total | 550.32 | 157.43 | 55.44 | 101.99 | ||||||||||
Please be informed accordingly.
Yours Faithfully,
-Signature-
(Mr.Watchai Mongkolsrisawad)
Chief Executive Officer