Liberty Steel Siam 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 June 11, 2013. The transaction will include participation from returning investor Thai Yuan Metal Public Company Limited for 425,000 shares for THB 42,500,000. The company will hold its extraordinary shareholders meeting on June 27, 2013 to receive approval for the transaction. The authorized capital of the company pursuant to the transaction will be THB 200,000,000.

On the same day, the board of directors approved the transaction.

On August 9, 2013, the company announced that Thai Yuan Metal Public Company Limited has received approval from its board of directors for the transaction.