Thailand’s AAPICO Hitech Pcl has received its board’s approval to invest $100 million in UK-based auto parts maker Sakthi Global Auto Holdings (SGAH), the firm said on Thursday.
AAPICO will spend $50 million in purchasing 2,510 newly issued ordinary shares, equivalent to 25.10 per cent of SGAH. The other $50 million will be a synthetic convertible loan to SGAH with an interest rate of 20 per cent per annum.
