"D" green light increases 80 million shares, sells RO at the rate of 5: 1 at the price of 2.50 baht with free distribution D-W1 Business Expansion – Debt to Financial Institution Debt

Board D Green Light increased 80 million shares, sold 40 million shares of RO at the rate of 5 existing shares per 1 new share at the price of 2.50 baht per share. The remaining 40 million shares reserved for warrants issued to allot the exercised shareholders. Newly issued shares at the ratio of 1 new ordinary share to 1 warrant, with an exercise price of 4.00 baht per share, in support of the business expansion plan – debt repayment from financial institutions

Dr. Pornsak Tantapakul, Chief Executive Officer and Vice Chairman of the Metal Corporation Public Company Limited (D), revealed that the meeting of the Board of Directors resolved to increase the registered capital to 140 million baht by issuing additional ordinary shares. 80 million shares, which will be allocated to the existing shareholders of the company of 40 million shares at the ratio of 5 existing shares to 1 share, increasing capital at the offering price of 2.50 baht per share. The subscription and payment between 13-17 Jan. 63.

The additional 40 million shares will be reserved for warrants or warrants D-W1 that will be issued and distributed to shareholders. The company will issue not more than 40 million D-W1 units as a compensation and incentive to subscribe for additional shares of the company without any value. Which determines the ratio of 1 new ordinary share to 1 warrant at the exercise price of 4.00 baht per share

For the money received from the said capital increase The company will use it as working capital to support business expansion and to repay loans from financial institutions. The said capital increase is to support the future business expansion of the company and to help strengthen the financial structure causing the debt to equity ratio of the company to decrease. Including causing the company to have higher working capital liquidity

There is also a resolution to reduce the registered capital from 110 million baht to 100 million baht by cutting the 20 million shares that have not been sold, with a par value of 0.50 baht, which has not been allotted. To private placement (PP)