SET-listed property developer Natural Park Plc (N-Park) will sell 53.5 billion new shares, a 44.42% stake, to three investors including Pracha Maleenont.
These shares were left unsubscribed under the company's planned capital increase, which aimed to allocate 60.43 billion new shares at 0.02 baht in May this year. The share par value is 1 baht.
The three investors are Mr Pracha, the top executive of BEC World, the broadcaster of Channel 3, Santi Pranich, and Philip Vera Bunnag. They will buy the shares at 0.029 baht under a private placement (PP). The subscription and complete payment must be made by April 25, 2013.
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