Delta Paint Public : Report on Usage of Fund Raised from Initial Public Offering
July 24, 2022 at 10:04 pm EDT
Share
DPAINT-001-02/2565
Date July 25, 2022
Subject: Report on Usage of Fund Raised from Initial Public Offering
To:
Director and Manager
The Stock Exchange of Thailand
According to Delta Paint Public Company Limited's Initial Public Offering ("IPO") during the period of October 19 - 21, 2021 in the amount of 53,250,000 shares at the price of 7.5 Baht per share, Delta Paint Public Company Limited ('the Company") had received total fund after deducting underwriting fee and other related fee at Baht 373.2 million.
The Company would like to report the usage of fund raised from IPO as of June 30, 2022 as follows:
Unit: Baht Million
Accumulated Usage of
Accumulated Usage of
Outstanding Balance
Estimated
Proceeds between
Use of Proceeds
Proceeds as of
as of
Amount
January 1, to June 30,
December 31, 2021
June 30, 2022
2022
1.
Investment in production plan on
150.0
-
-
150.0
building and machine at Suwinthawong
Plant
2.
Investment in the auto tinting machine
100.0
-
18.3
81.7
in the amount of 440 units
3.
Investment in Enterprise Resource
10.0
1.3
0.7
8.0
Planning (ERP) software
4.
Investment in laboratory facility
5.0
-
0.8
4.2
5.
Loan repayment
25.0
25.0
-
-
6.
Working Capital
83.2
83.2
-
-
Total
373.2
109.5
19.8
243.9
Please be informed accordingly,
Yours sincerely,
________________________________
(Mr.Athapon Tangkaravakoon)
Chief Financial Officer
Delta Paint Public Company Limited
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Delta Paint pcl published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 02:03:03 UTC.
Delta Paint Public Company Limited is a Thailand-based company, which provides intelligent solutions in coating technology. The Companyâs product categories include house paint, steel paint, and chemicals. Its products under house paint include Delta Magic Shield, Delta Clean & Care Semi-Gloss, Delta Clean & Care Matt, Delta For Interior, Delta Shield 4D For Interior Sheen, Delta Deltech Plus For Interior Matt, Deltech For Interior, NATIONAL Emulsion For Interior, IBC Acrylic Emulsion For Interior, Delta ChillSHIELD, Delta Shield Plus, Delta Shield 4D For Exterior Semi-Gloss, Delta Shield 4D For Exterior Sheen, Delta Shield, Delta Deltech Plus For Ceiling, NATIONAL Emulsion For Ceiling, Toptech Primer, Toptech Cote Flex, Toptech Cote White, and more. Its steel paint products include Delta Grypto, Delta High Gloss Alkyd Enamel, Delta Gray Oxide Primer, and Delta Red Oxide Primer. Its waterproofing material includes Delta RoofSeal UV Block, Delta PU Water Proof, and Delta Wall Putty.