Ditto “DITTO” announces to increase PP capital to go through M&A, showing a profit in the 1st quarter of 2012 to grow 42%
Date 16 May 2022 at 11:13 a.m.
DITTO board approved the offering of 40 million shares to investors in a private placement, prepared for investment in other businesses or companies (M&A), revealing that it is negotiating with 2 people. Good news. The stock is included in the MSCI index calculation.
Mr. Thakon Rattanakamonporn, Chief Executive Officer of Ditto (Thailand) Public Company Limited or DITTO, informed the Stock Exchange of Thailand (SET) that the Board of Directors meeting Approval to propose to the Extraordinary General Meeting of Shareholders No. 1/2565 to consider and approve the Company’s registered capital increase. To support the issuance and offering of newly issued ordinary shares through a general mandate
by increasing the registered capital of not more than 20 million baht from the original registered capital of 314 million baht, totaling the registered capital of 334 million baht by issuing ordinary shares of not more than 40 million shares with a par value of 0.50 baht per share, not more than 9.09% of the paid-up capital To allocate to specific persons (Private Placement : PP) by specifying the date of the Extraordinary General Meeting of Shareholders No. 1/2565 on June 30, 2022.
The issuance of such PP capital increase shares is a preparation for investment in other businesses or companies (M&A), focusing on technology business that can create synergy with the existing business of the company and its subsidiaries. Currently, the company is in the process of negotiating with 2 companies, which are likely to be concluded within the second half of the year.
“Issuing 40 million PP capital increase shares is a framework that we have asked the board to support investments in businesses or other companies in the future. which is expected to be able to cover the investment plans that we have laid out,” said Mr. Thakon. Price offered to private placement under a general power of attorney form Must not be considered a low price as specified in the announcement of the Capital Market Board No. TorJor. and shareholders The price offered for sale may be discounted. but not more than 10% which is calculated from the weighted average price of shares in the stock exchange for the past 7 days but not more than 15 business days
Mr. Thakorn further said that For the operating results in the first quarter of 2022 The Company’s net profit increased 42% y-o-y to 58.6 million baht as the Company and its subsidiaries were able to maintain steady growth in sales and service revenue. and effective cost control
“In addition, he informed the Board of Directors the good news that MSCI announced a new round of stock index calculation with effect from May 31, 2022 closing price. Ditto is one of the companies included in the calculation of MSCI Small Cap. Out of 10 companies, it’s a good thing because we have only been listed on the mai market for a year,” said Mr. Thakorn.
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