Asset Wise Public Company Limited, or ASW has announced plans to issue convertible bonds to existing shareholders with a total value of 320 million baht, with a maturity of 2 years and an interest rate of 5% per annum. Additionally, they will include warrants (ASW-W2) available for subscription from September 26 to October 3, 2022. The funds raised will be used to continue developing ongoing projects, reinforcing the concept of happiness designed for you, with confidence that annual sales will exceed targets.

Mr. Kramchat Wiphanpong, Chief Executive Officer of Asset Wise Public Company Limited (ASW), a leading real estate development company under the concept of "Happiness Designed for You" or "We Build Happiness," revealed that the company plans to offer convertible bonds not exceeding 320,000 units at a price of 1,000 baht per unit, totaling a maximum offering of 320 million baht. The subscription period is from September 26 to October 3, 2022, exclusively for existing shareholders, with no allocation for shareholders that would create legal obligations for the company (PPO), at a ratio of 2,676 existing shares per 1 unit of convertible bond. Existing shareholders who subscribe to these convertible bonds will receive warrants for common shares of the company (ASW-W2) at a ratio of 1 unit of convertible bond per 300 units of ASW-W2, with the option to subscribe for more than their allocated rights.

The convertible bonds being offered have a maturity of 2 years from the date of issuance, with an interest rate of 5% per annum. Investors can exercise the conversion option for the first time on April 4, 2024, at a conversion price of 90% of the market price, but not less than 8 baht per share. The ASW-W2 warrants have an exercise price of 12.00 baht per share and a term of 2 years from the date of issuance.

The convertible bonds will be issued by Thailand Securities Depository Co., Ltd. and can be subscribed through the company, which is the underwriter for the convertible bonds, from 9:00 AM to 4:00 PM at Asset Wise Public Company Limited. Subscriptions can also be made through the Electronic Subscription (E-SUB) system on the website https://investor.assetwise.co.th/ and via Line OA: @ASW – Insight 24/7, or by sending a registered mail subscription form by 4:00 PM on September 30, 2022, as supporting documentation for subscription by October 3, 2022.

The purpose of issuing these convertible bonds and warrants is to use the funds raised for investing in the enhancement of ongoing projects, such as the Atmoz Oasis Onnut, Atmoz Flow Minburi, and THE HONOR Yothinpattana projects, among others, as well as to provide working capital for business operations. The company is confident that its strong financial position and commitment to delivering quality products to residents will drive the company to achieve its sales and revenue goals.

If shareholders have any questions or need further information, please contact us through:

Line Official Account named "@ASW-Insight"