SSI successfully raises Bt600 mn
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Sahaviriya Steel Industries Plc (SSI) successfully raised fund through the issuance of convertible debentures to specific investors worth Bt600 million.
Win Viriyaprapaikit, Group CEO and President of SSI, said in a statement that the company will use the proceeds for the subscription of newly issued shares in Sahaviriya Steel Industries UK Ltd (SSI UK), a subsidiary.
When combined with the subscription of newly issued shares in SSI UK by using proceeds received from the issuance of the convertible debentures to all existing shareholders according to their shareholding proportion on May 23, the company has subscribed to newly issued shares in SSI UK in the aggregate amount of Bt2.25 billion or approximately US$71.4 million.
