BCPG Public Company Limited (SET:BCPG) announced a private placement of not more than 391,500,000 common shares of par value THB 5 per share at a price of of THB 11.50 per share for gross proceeds of THB 4,502,250,000 on August 20, 2020. The company will also issue 178,600,000 BCPG-W3 warrants, on the basis of 1 warrant for every 2.1924 shares subscribed in the transaction. The transaction will include participation from new investors Pilgrim Partners Asia (Pte.) Ltd and Capital Asia Investments Pte. Ltd for 195,750,000 shares for proceeds of THB 2,251,125,000, each. The warrants are exercisable to acquire one common share of the company at a price of THB 8 per share for a period of 1 year from the date of issuance. Each investor will hold no more than 285,050,000 shares representing no more than 8.63% stake in the company after the closing of the transaction and upon full exercise of warrants. All shares to be issued will be subject to a lock-up period of one year. The transaction has been approved in the company's board of directors’ meeting No. 12/2020, and is subject to approval in extraordinary general meeting of shareholders No. 1/2020 to be held on October 7, 2020. The transaction is expected to close within 2 weeks from the date of approval in shareholders' meeting.