PP PRIME Public Company Limited announced that it has received THB 300 million in funding from Advance Capital Partners Asset Management Private Limited, ZICO Asset Management Pte. Ltd.

On January 21, 2022, PP PRIME Public Company Limited closed the transaction. The company announced that it has issued 20,000 debenture units for proceeds of THB 20,000,000 in its third and final tranche. The round included participation from Advance Opportunities Fund, a fund managed by Advance Capital Partners Asset Management Private Limited and Advance Opportunities Fund I, a fund managed by ZICO Asset Management Pte.

Ltd. for 10,000 units each. The convertible debentures will be convertible into THB 0.471 per share to 21,231,422 ordinary shares which is a convertible price of not less than 90 percent of the market price, which is calculated from the weighted average price of the company's shares in the SET for the past 7-15 business days.