Private Placement (PP) – in case of a non-listed company
The value of offer is ≤ 20 million baht.
There are ≤ 50 investors.
Being an institutional investor.
Having received an explicit resolution of the shareholders' meeting to approve the offering and such resolution shall not have been passed more than one year. Public advertisement is prohibited.
Promotion materials can only be distributed only in the PP cycle.
Must not co-sign the filing to allow PP shareholders to offer PO within two years