Delta Paint PCL

DPAINT has announced a rights offering of up to 1.84 billion shares at 0.20 baht each, aiming to raise a maximum of 368 million baht. The funds will be used to invest in The City Phuket project, valued at 359.43 million baht. Major shareholder Sidaphan Sombattheera has expressed intention to exercise all her rights and subscribe for any remaining shares beyond her entitlement. The company has backup funding plans, including 93 million baht from the sale of Suwinthawong land and alternatives such as project finance loans or private placement if the capital raise falls short. Buildings A and B of The City Phuket are already completed and ready for ownership transfer within 2026, while Building C is under development to generate future income.

Sideltha Public Company Limited, or DPAINT, has acquired The City Phuket Residence Company Limited, the developer of The City Phuket condominium project, and is preparing to invest in the development of Building C to create a new revenue stream. This expansion into the real estate business reflects DPAINT's vision of building a new growth engine to support long-term growth. Meanwhile, Noble Development Public Company Limited, or NOBLE, has announced the offering of its second bond issuance of 2026, with a tenor of 2 years and 11 months, a fixed interest rate of 6.15 percent per annum, and interest payments every 3 months. The bonds have been rated BBB minus with a stable outlook by TRIS Rating, and subscriptions will open from August 4th to 6th, with proceeds to be used for repaying existing bonds. In other news, Primo Service Solution Public Company Limited, or PRI, is advancing its PRIMO Transformation strategy to become Thailand's leading property and living services ecosystem through service quality improvements and customer base expansion. Business Alignment Public Company Limited, or BIZ, has launched the BIZGENES brand in precision health and longevity solutions, featuring The Vitality Collection under the concept of science-based nutrition, leveraging over 26 years of expertise. Additionally, Triple I Logistics is inviting entrepreneurs to visit its booths at TILOG-LOGISTIX 2026, taking place from August 19th to 21st at BITEC Bangna. This year, there will be two large booths from the parent company and Hazchem Logistics, a specialist in dangerous goods and chemical transportation.

See Delta Public Company Limited, or DPAINT, has acquired The City Phuket Residence Company Limited, or CPR, the developer of The City Phuket condominium project, and is preparing to invest in the development of Building C to create a new revenue stream. This expansion into the real estate business is DPAINT's strategy to diversify its income sources and build a new growth engine for long-term growth. Additionally, DPAINT can leverage its strengths in architectural paints, construction chemicals, and construction expertise to support the project development, enhancing operational efficiency and cost management.

NEX shareholders have approved a 100% investment in Thai EV Company Limited, which specialises in small to medium electric commercial vehicles. Sales of four-wheel electric vehicles grew 100% between 2023 and 2025. This investment will elevate NEX into a full-service commercial EV solutions provider. Meanwhile, DPAINT has acquired The City Phuket Residence, the developer of The City Phuket condominium project, to add a revenue stream and create a new growth engine leveraging its product and construction strengths. PANEL has secured a new contract for the IEC Hall project from IMPACT Growth Real Estate Investment Trust, boosting its backlog and reinforcing its expertise in acoustic sliding wall panels.

DPAINT's independent financial advisor has approved a plan to invest in The City Phuket Residence Company Limited, developer of The City Phuket condominium project, along with a rights offering of up to 1.84 billion shares at 0.20 baht each, raising no more than 368 million baht. The IFA stated that the transaction is appropriate and beneficial to the company and shareholders in the long term. This investment is part of a strategic plan to create a new S-curve, diversifying revenue from the original building paint and construction materials business into property development, which offers an investment return exceeding 30 percent. It also creates synergy by using DPAINT's own products in the project, reducing costs and boosting margins. The capital increase will lower the debt-to-equity ratio from 1.05 times to 0.55 times and support a total investment plan of approximately 359.43 million baht without relying heavily on loans. Mr. Ronnarit Tangkaravakoon, director and chief executive officer, said The City Phuket project is in a high-potential location in Phuket and is expected to generate strong revenue and returns over the long term, amid intense competition and continuous losses from the legacy business since 2024.