Bangkok--8 Jun--Sahaviriya Steel Industries
Mr. Win Viriyaprapaikit, Group CEO and President of Sahaviriya Steel Industries Public Company Limited (SSI), revealed that the Company successfully raised fund as plan through the issuing and offering the convertible debentures to the specific investors in the amount of Baht 600 million on 5 June 2012. Since Sahaviriya Steel Industries UK Limited (“SSI UK”), the Company’s subsidiary, requires additional working capital, the Company will use the proceed from the issuance of these convertible debentures for the subscription of newly issued shares in SSI UK. When combined with the subscription of newly issued shares in SSI UK by using proceed received from the issuance of the convertible debentures to all existing shareholders according to their shareholding proportion on 23 May 2012, the Company has subscribed newly issued shares in SSI UK in the aggregate amount of Baht 2,250 million or approximately USD 71.4 million.