Chiang Mai Ram Medical Business Public Company Limited announced a private placement to issue 48,000,000 shares at an issue price of TWD 2.70 per share for the gross proceeds of TWD 129,600,000 on June 29, 2023. The transaction will include participation from new investor Ramkhamhaeng Hospital Public Company Limited for 48,000,000 shares. The transaction is expected to close on June 30, 2023.

The transaction has been approved by the shareholders of the company.