PatRangsit Hospital Group submitting IPO filing, ready to register on the SET

PatRangsit Hospital Group submitting IPO filing, ready to register on the SET

PatRangsit Hospital Group submitting an IPO filing within 54 million shares, preparing to be registered on the Stock Exchange of Thailand (SET), to increase medical services potential

On January 18, 2023, PatRangsit Healthcare Group, Co., Ltd. or PHG, a medical service provider with 3 hospitals: PatRangsit Hospital, PatRangsit Hospital 2, and PatRangsit Mother and Child Hospital, filed a company statement as an attachment to the application for an initial public offering of ordinary shares (IPO) to the Office of the Securities and Exchange Commission (SEC), offering ordinary shares to the public to increase the capital of the company within 54 million shares at a par value of 1.00 baht per share, in order to list the ordinary shares on the Stock Exchange of Thailand (SET) in the service business/ medical business section.

The purpose of this fund raising is to invest in the project during 2023-2026, which are (1) to finance the construction of a parking building within 2024 (2) to finance the construction of a new patient building 1 within 2024 (3) to finance the construction of a new patient building 2 by 2026 (4) to finance the purchase of medical equipment and devices by 2024 (5) to partially repay loans to financial institutions by 2023; and (6) to be a working capital for business operations within the year 2023.