Surabhon Kwunchaithunya, Vice Chairman of Country Group Holdings PCL (CGH), cited the company’s Extraordinary General Meeting of Shareholders No. 1/2015, held on March 11, which approved raising the company’s registered capital by 2,566,229,121 baht, resulting in an increase of registered capital from 4,021,637,396 baht to 6,587,866,517 baht. For the 2,566,229,121 newly issued shares, the par value is 1 baht and the shares will be issued to the existing shareholders at a ratio of 1 old to 1 new share at 1.30 baht each.

Surabhon Kwunchaithunya, Vice Chairman of Country Group Holdings PCL (CGH), cited the company’s Extraordinary General Meeting of Shareholders No. 1/2015, held on March 11, which approved raising the company’s registered capital by 2,566,229,121 baht, resulting in an increase of registered capital from 4,021,637,396 baht to 6,587,866,517 baht. For the 2,566,229,121 newly issued shares, the par value is 1 baht and the shares will be issued to the existing shareholders at a ratio of 1 old to 1 new share at 1.30 baht each.

“The recapitalization program intends to use the raised funds as working capital and support the company’s cash flows. It will also further strengthen the company’s financial capital and financial status. At the same time, the company will be ready to expand its business and investments according to the AEC by the end of this year. Eventually, such a move will help increase the company’s potential and ability to earn more profit,” Surabhon said.