Appointment of Underwriter for Hemaraj Debentures

Mr. Sawasdi Horrungruang (2nd from left), Chairman of Advisors to the Board of Directors of Hemaraj, Mr. David Nardone (center left), President & CEO of Hemaraj Land And Development Plc. and Dr. Kongkiat Opaswongkarn (center right), Chief Executive Officer of Asia Plus Securities Plc. together with top executives from Hemaraj recently signed an agreement to appoint Asia Plus as the underwriter of Hemaraj debentures worth a total of Baht 1,650 million. Baht 150 million was allocated to 3-year debentures and Baht1,500 million to 5-year debentures. The total bond was successfully sold to institutional and major investors. The funding will benefit the company’s short-term debt replacement, investment plan and company’s cash flow.