RAM Acquires 5% Stake in EKH for Potential Growth in Provincial Areas and Dividend Payment

The board of directors of Ramkhamhaeng Hospital Public Company Limited (SET: RAM) held on April 26, 2022 passed the resolution to acquire Ekachai Medical Care Public Company Limited (SET: EKH) in the amount of 35,000,000 shares at the price of baht 7.20 per share, totally 252,000,000 baht, representing a 5% shareholding in EKH.

EKH has increased company capital in the amount 40,000,000 shares and sells to RAM in the amount of 35,000,000 shares at price 7.20 baht per share.

RAM stated that EKH has operated a private hospital with the size of 142 beds since March 29, 2006 to present and has joined the listed company on the Stock Exchange of Thailand since March, 2016. Ramkhamhaeng has proposed to expand business in the province as EKH has good status and chances for business growth in the future. RAM expects to receive a dividend at a preferable rate in the future.