World Bank Takes 6.42% in PRINC’s Cap Increase, “BHN” Agrees to Manage Joint-Spine Centre

World Bank Takes 6.42% in PRINC’s Capital Increase, “BHN” Agrees to Manage PRINC's Joint and Spine Centre.

Principal Capital Public Company Limited (PRINC) has announced that the Board of Directors’ Meeting held on November 25, 2019, has approved the issuance and allocation for the newly issued ordinary shares at an amount not exceeding to 222,249,300 shares with a par value of 1 Baht per share, the offering price is 4.09 Baht per share.

 

The newly-issued ordinary shares will be allocated through the private placement (PP) to IFC (International Finance Corporation) the institutional investor in World Bank Group with stable financial position, and is able to invest in PRINC, along with knowledge, know-how, experience or capability to support PRINC’s operation.

The Board of Directors of PRINC has carefully considered and audited the information about IFC and has an opinion that IFC is the potential investor, capable to invest in PRINC.

This issue and allocate the newly issued ordinary shares shall result in IFC to become 6.42 % shareholder of PRINC (calculate by the paid-up capital after register the newly share to Ministry of Commerce), IFC shall not be the major shareholder or controlling person of PRINC.

 

The allocation of newly issued ordinary shares by way of private placement, under the General Mandate at the amount not exceeding 324,008,752 shares, or not exceeding 10 percent of the paid-up capital register of the Company as of the date that the Board of Directors of PRINC had approved to issued and allocated of newly issued ordinary shares by way of private placement, under the General Mandate.

 

At the same time, Bumrungrad Health Network Co., Ltd. (BHN), a wholly-owned subsidiary of Bumrungrad Hospital Public Company Limited (BH), has agreed to join the new business model with PRINC in which the agreement and related documents to which will soon be executed.

Initially, the “Joint and Spine Centre” of Prince Suvarnabhumi Hospital owned by PRINC will be managed by BHN.

คำค้น