FPT Sells 6 Assets Worth ฿63m, Issuing 182m Ordinary Shares to PP for Business Expansion
FPT Sells 6 Assets Worth ฿63m and Issues 182m Ordinary Shares to Private Placement for Business Expansion 
FPT Sells 6 Assets Worth ฿63m and Issues 182m Ordinary Shares to Private Placement for Business Expansion
22 ก.ค. 2562

Frasers Property (Thailand) Public Company Limited (FPT) has approved a sales of warehouses to Frasers Property Thailand Industrial Freehold &amp; Leasehold REIT (FTREIT), a subsidiary of FPT holds 70% share.
The sale of assets is the 6 warehouse units with the usable area of approximately 29,850 square meters with a total value of approximately THB 637 million and the book value of the assets is approximately THB 335 million as at 19 July 2019.
According to the investment, FPT will use the money from selling the assets to fund factory and/or warehouse development, and/or repay some debts. FPT expects to convert assets into capital for business expansion.
Moreover, FPT has approved the issuance and allocation of the newly issued ordinary shares in the amount of not exceeding 182,620,600 shares (with a par value of THB 1 per share) on a private placement basis, with the final offering price within the range authorized by the Board of Director of FPT at THB 17.90 per share. Such price represents a 4.5% discount to the market price which is not lower than 90% of the market price as specified in the Notification of the Capital Market Supervisory Board No. TorJor. 72/2558.
In light of this, the offering of newly issued shares by way of the private placement is not considered as a connected transaction. 

Furthermore, FPT has appointed a placement agent (a firm licensed for securities placement) to jointly allocate some of the newly issued ordinary shares to investors on a best effort basis as well as to jointly consider the allocation of the newly issued ordinary shares by way of the private placement. FPT shall disclose the information of the specific investors, to which the shares will be allocated to after it has received the payments of the allocation from such specific investors.