RATCH Group Public Company Limited (SET: RATCH) has announced that on 22 December 2023, the company has signed a Shareholders Agreement with Principal Healthcare Company Limited (PRINH) (a subsidiary of Principal Capital Public Company Limited; PRINC) to purchase 7,500,000 ordinary shares of Principal Healthcare – Mukdahan Company Limited (PMDH) (a subsidiary of PRINH) at Baht 10 each, totaling Baht 75,000,000. The source of funds is the company’s working capital.
After such a transaction is complete, RATCH and PRINH’s shareholding proportion in PMDH will be 25 and 75 percent, respectively. The purpose of the transaction is to jointly invest in a secondary care private hospital service business with 59 beds PRINC Mukdahan Hospital which is expected to complete its construction within Quarter 4 of 2024. It will also increase the opportunity to expand the investment network for the private hospital service business in the upper northeast region which is in line with the projects that the company had previously invested in PRINC Sakon Nakhon Hospital.
