TY Steel Co., Ltd. announced a placement of 20,000,000 common shares at an issue price of THB 10 per share for gross proceeds of THB 200,000,000 on November 27, 2023. The transaction has been approved by the board of directors of Tycoons Group Enterprise Co.,Ltd.

On the same same date, the company issued 5,064,842 common shares at an issue price of THB 10 per share for gross proceeds of THB 50,648,420. The transaction included participation from returning investors, Tycoons Group Enterprise Co.,Ltd. for for 1,186,733 shares for post-investment stake of 5.940% and Tycoons Worldwide Group (Thailand) Public Company Limited for 3,878,109 shares for post-investment stake of 19.430%.