Humanica Public : Report on the Use of Fund from Capital Increase as of June 30, 2022
July 27, 2022 at 01:52 am EDT
Share
BC.026/2022
July 27, 2022
Subject
Report on the Use of Fund from Capital Increase as of June 30, 2022
To
The President
The Stock Exchange of Thailand
Humanica Public Company Limited (the "Company") issued of newly issued common shares to public 180 million shares in the amount of Baht 720 million during November 30 - December 1 and 4, 2017 with the purpose of the proceeds utilization as per the Company's registration statement. In this regard, the Company has considered the appropriateness and the current business operation that the Company has a great working capital allocation and no longer requires reserve allocation to be used as its working capital. The excess allocation of working capital shall impact on a decrease in shareholders' return. The Company, therefore, considered and viewed that it should allocate such working capital by way of averaging. The Company desires to move the amount of Baht 300 million from a group of the working capital for business operation into a group of the investment in other companies which has a positive effect on the Company's business. The 2020 Annual General Meeting of Shareholders held on April 27, 2020 has resolution to approve the change of the weight of IPO proceeds which considered immaterial since it was the allocation among objectives that have already disclosed to the public. The Company would like to report the use of fund from capital increase as of June 30, 2022 as follows:
(Million Baht)
Use of Proceeds
Amount
Balance as of
Actual Used between
Balance as of
Dec 31, 2021
Jan 1 - Jun 30, 2022
Jun 30, 2022
1. New office relocation
25.00
-
-
-
2. Information technology investment
125.00
52.81
(6.70)
46.11
and development
3. Learning Center
20.00
20.00
-
20.00
4. Merger and acquisition that create
400.00
7.58
(7.58)
-
synergies
5. Working capital
150.00
93.49
-
93.49
Total
720.00
173.88
(14.28)
159.60
Please be informed accordingly.
Yours sincerely,
Mr. Soontorn Dentham
Chief Executive Officer
HUMANICA PUBLIC COMPANY LIMITED
2 Soi Rongmuang 5, Rongmuang Road, Rongmuang, Pathumwan, Bangkok 10330
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Humanica pcl published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 05:51:04 UTC.
Humanica Public Company Limited is a Thailand-based company, which is engaged in providing human resource outsourcing and payroll services. It is also engaged in the providing implementation services of human resource systems, sales of and providing implementation services of computer software for enterprise resource planning, sales of advance access control devices, and provide life and non-life insurance brokerage. The Company operates through five segments: Human resource management system services, Enterprise resource planning services, Accounting and financing services, Sales of advance access control devices, and Life and non-life Insurance broker. Its products include HR Core, Payroll, and Time. Its services include payroll, multi-country payroll outsourcing (MCPO), accounting services, corporate services, hosting, and consulting.
HUMANICA 
