T Engineering Public : Report on Utilization of Capital Increase Funds
August 01, 2022 at 06:45 am EDT
Share
No. IR.014/2022
August 1, 2022
Subject:
Report on Utilization of Capital Increase Funds
Attention:
President
The Stock Exchange of Thailand
PSG Corporation Public Company Limited ("the Company") issued and allocated the newly issued ordinary shares to the specific investors (Private Placement) of 54,044,000,000 shares at the offering price of THB 0.02 per share and received the capital increase in the amount of THB 1,080,880,000 on October 27, 2021. The Company would like to report the capital utilization ended June 30, 2022 as follows:
Unit: THB
Objectives
Amount received
Amount spending
Outstanding Balance
(B/F as of
ended June 30, 2022
as of June 30, 2022
Dec. 31, 2021)
1. For construction project in
970,000,000
52,638,920
917,361,080
2021 - 2023
2. Working capital for the
80,590,058
48,660,970
31,929,088
current business operation
Total
1,050,590,058
101,299,890
949,290,168
The utilization of capital increase as mentioned above is done as objectives disclosed in the Information Memorandum on the allocation of the newly issued ordinary shares to the specific investors (Private Placement).
Please be informed accordingly
Very truly yours,
Mr. David Van Dau
Chief Executive Officer
PSG Corporation Public Company Limited
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PSG Corporation pcl published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 10:44:02 UTC.
PSG Corporation Public Company Limited is a Thailand-based construction company. The Company is engaged in plant and building construction and other related services. It offers a range of services, including civil engineering, installation, system engineering, and other engineering, procurement and construction (EPC) services. The Company operates construction contractor business undertaking medium-scale projects to full and large-scale projects ranging from factory buildings, warehouses, office buildings, hospitals, shopping malls, residential buildings, condominiums as well as installation of engineering system, utility system and machinery. The Company's projects include bread factory construction projects; construction of office building; construction project of Kalasin Hospital; Aspen Comdomium, and construction of production building and factoring, among others.
T ENGINEERING CORPORATION 
