TES Practicum Co., Ltd. announced a private placement of 235,300 share at a price of THB 998.725031 for gross proceeds of THB 235,000,000 on July 11, 2019. The transaction will include participation from returning investor Tokyo Energy & Systems Inc. (TSE:1945), to increase its stake from 48% to 49% in the company. The company expects to close the transaction in August 2019. The transaction has been approved by the investor.