RML Announces Successful Subscription of PP Shares by Kris Narongdej, Total Value Exceeds 681 Million Baht

RML, or Raimon Land Public Company Limited, has successfully completed a private placement (PP) of its newly issued ordinary shares, raising significant capital to bolster its financial standing. The company allocated 1,622 billion shares to Woodchester Investing Capital Limited at a price of 0.42 baht per share. This successful share offering has resulted in RML receiving 101 million baht in new capital as of July 16, 2024. The total capital raised from Woodchester Investing Capital Limited now exceeds 681 million baht. Woodchester Investing Capital Limited, an overseas company established for investment management purposes, was founded by Mr. Kris Narongdej, Chairman and major shareholder of RML, who serves as the sole shareholder and director.

Sorrapong Mamuang, Chief Financial Officer of RML, stated, "The subscription of PP shares by Woodchester Investing Capital Limited reflects the major shareholder's confidence in the company's business, recognizing the growth potential of RML and their commitment to sustainable business development in the future."