CSM Capital Partners Co., Ltd. announced a private placement of 1,000,000 shares at a price of THB 100 per share for gross proceeds of THB 100,000,000 on March 15, 2021. The transaction will include participation from returning investor, Syntec Construction Public Company Limited (SET:SYNTEC) for 600,000 shares and others for 400,000 shares in the same proportion as per the shareholding in the company. Post closing, Syntec Construction Public Company Limited (SET:SYNTEC) will retain its 60% stake in the transaction. The transaction has been approved at the Syntec Construction Public Company Limited (SET:SYNTEC)'s board of directors meeting No. 3/2021. The transaction is expected to close within March 2021 after being approved by the board of directors.