Zoho Sign Document ID: G93Y-DNKZFZOOLEAOI-TVQ6QCXKWAKLKOUKPV524CK0
WELL GRADED ENGINEERING PLC.
Ref.: WGE-SEC/2565/008
1st August 2022
Subject : Report on the Utilization of Proceeds Initial Public Offering (IPO)
Attention : The President
The Stock Exchange of Thailand
With reference to Well Graded Engineering Public Limited Company ( "the Company") 's Initial Public Offering ( IPO) of newly issued ordinary shares totaling 160,0 0 0 ,0 0 0 shares at the offering price of THB 2.30 per share on 26-28 October 2020, the Company received THB 356.96 million in aggregate net proceeds.
The Company would like to report the utilization of such proceeds as of 30 June 2022 as set forth below.
(Unit : Bath million) | |||||||||||||||
Objectives of the Use | Approximate | Accumulated Use | Accumulated Use | Remaining Net | |||||||||||
of Proceeds | Use of Net | of Net Proceeds | of Net Proceeds | Proceeds as | |||||||||||
Proceeds | at 31 Dec. 2021 | for the Period of | at 30 Jun 2022 | ||||||||||||
1 Jan. -30 Jun, 2022 | |||||||||||||||
1. | Working capital | 276.96 1 | 276.96 | - | - | ||||||||||
2. | Expand warehouse | 50.00 | 29.04 | 20.96 | - | ||||||||||
3. | Buying machinery and | 30.00 | 30.00 | - | - | ||||||||||
construction equipment | |||||||||||||||
Total | 356.96 | 336.00 | 20.96 | - |
1 Received Net Proceeds in aggregate is higher than Approximate Net Proceeds in Prospectus of amount THB 7.90 million because the
company deducted cost of Initial Public Offering (IPO) from proceeds received, only the underwriting fee and underwriting warranty. For other expenses in issuing and offering, the company recorded it as an expense according to the accounting period incurred.
This is for investors to be acknowledged accordingly.
Yours sincerely,
e-Signature by เกรียงไกร บัวนุ่ม
MR. KRIANGKRAI BUANOOM
Company Secretary
Company Secretary office
Telephone: 02-981-7992-4 ext. 201
Well Graded Engineering Public Company Limited
50/1203 Village No.9 Bangpood Sub-district, Pakkret district, Nonthaburi Province 11120 Tel. 02-9817992-4
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Well Graded Engineering pcl published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 14:04:01 UTC.