T Engineering Corporation Public Company Limited announced a private placement of 54,044,000,000 common shares having par value of THB 1 per share at an issue price of THB 0.02 per share for gross proceeds of THB 1,080,880,000 on August 20, 2021. The transaction will include participation from Panicha Dau for 51,994,000,000 for proceeds of THB 1,039,880,000, Titima Thanakornyothin for 300,000,000 shares for proceeds of THB 6,000,000, Chaiyod Chirabowornkul for 250,000,000 shares for proceeds of THB 5,000,000, Adisorn J.Jitcharoenchai for 1,200,000,000 shares for proceeds of THB 24,000,000 and Kittishote Haritaworn for 300,000,000 shares for proceeds of THB 6,000,000. Post the closing, the investors will have shareholding as, o 80%, 0.46%, 0.38%, 1.85% and 0.46% respectively. The transaction has been approved by the shareholders of the company, and is subject to approval from shareholder’s meeting, Office of Securities and Exchange Commission. The shares will be subject to hold period. The transaction is expected to be completed by the fourth quarter of 2021.