PP PRIME Public Company Limited announced that it expects to receive THB 20 million in funding from Advance Capital Partners Asset Management Private Limited, ZICO Asset Management Pte. Ltd.

PP PRIME Public Company Limited announced a private placement of convertible debenture for gross proceeds of THB 20,000,000 on October 3, 2022. The company will issue convertible debentures with the right to convert into the ordinary shares. The transaction will include participation from Advance Opportunities Fund, a fund managed by Advance Capital Partners Asset Management Private Limited for THB 10,000,000 and Advance Opportunities Fund I, a fund managed by ZICO Asset Management Pte.

Ltd. for THB 10,000,000. The debenture carries a coupon of 1% per annum and mature on December 21, 2024.