Vanachai Energy Industries Co., Ltd. announced a private placement of 60,000,000 common shares at 10 THB per share for gross proceeds of THB 600,000,000 on November 13, 2017. The transaction will include participation from returning investor Vanachai Group Public Company Limited (SET:VNG) to hold 100% stake in the company. The par value of shares is THB 10 per share. The registered capital of the company will increase from THB 25,000,000 to THB 625,000,000. The transaction has been approved by the board of directors of the investor at its company meeting agreement.