AJA approves 700 million baht convertible bonds, restructures capital with increase to 709.32 million baht

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Summary · why it matters

The extraordinary general meeting of shareholders No. 1/2569 of AJA Advance Technology Public Company Limited, or AJA, held on October 2, 2569, resolved to approve all agenda items proposed by the board, covering the capital restructuring, the issuance and offering of convertible bonds, and the capital increase and allocation of newly issued ordinary shares. The meeting approved a reduction of registered capital by 408.82 million baht, from 983.14 million baht to 574.32 million baht, by cutting approximately 4,088.22 million unissued ordinary shares. It also approved the issuance and offering of convertible bonds to AO Fund and AO Fund 1 with a total value of not more than 700 million baht, to be used as working capital and to enhance liquidity. In addition, shareholders approved an increase in registered capital of 135 million baht, from 574.32 million baht to 709.32 million baht, along with the allocation of not more than 1,350 million newly issued ordinary shares with a par value of 0.10 baht per share, representing 23.51% of the total issued and paid-up shares as of August 26, 2569, to accommodate the exercise of conversion rights under the said bonds. With this approval, AJA can proceed with its capital structure plan, increasing financial flexibility and liquidity while supporting the business operations and future growth opportunities of the group.

Impact on assets 1

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Off-coverage companies 2

AO Fund 1Private± Mixed
Capitalrelevance

AO Fund 1 is a co-buyer of the 700M baht convertible bonds, with no terms or impact detail provided.

AO FundPrivate± Mixed
Capitalrelevance

AO Fund is the buyer of the 700M baht convertible bonds, but the article gives no terms or impact assessment for the fund.