Solar PPM Co., Ltd. announced a private placement of 700,000 common shares at an issue price of THB 100 per share for gross proceeds of THB 70,000,000 on November 10, 2023. The transaction will include participation from retuning investor, Porn Prom Metal Public Company Limited. After the completion of this capital increase, Porn Prom Metal Public Company Limited stake will increased from 99.96 % to 99.98% in the company and the paid-up capital of company will increase from THB 60,000,000 to THB 130,000,000.

The transaction was approved by the board of directors of the investor in meeting no. 4/2023.