It plans to fund around 500 million to 1 billion baht to co-invest in each project and expects to wrap up the deals by the end of this year.
Search Results for: intouch holdings
Intouch Holdings Plc (INTUCH) has appointmented Philip Chen Chong Tan as acting group chief executive officer in place of Somprasong Boonyachai, who retired at the end of last year. The appointment has been effective since January 1, 2016. Tan has been a senior executive with a successful professional track record for more than… Read more »
Golfdigg Co Ltd, the creator of the golf booking application “golfdigg” on smartphone, has secured 23.83 million baht (around $670,000) in funding from InVent, a venture capital arm of Intouch Holdings PCL, to develop a better platform to meet the needs of golfers. This deal marks InVent’s seventh venture investment…. Read more »
Nikes Arora could be the ideal candidate to lead Temasek Holdings, given his international background with Google and Softbank Group in senior leadership roles.
Singtel will pay 60.83 baht per share for a 21 percent holding in Intouch and 235.62 rupees a share for 7.39 percent of Bharti Telecom in cash to Temasek Holdings Pte, Singapore’s state-owned investment firm.
Temasek, which owns 51 per cent of Singtel, held similar discussions with the city-state’s biggest phone company in 2014, though political tensions in Thailand at that time scuttled deal prospects.
Intouch Media Company, a subsidiary of Intouch Holdings Plc, and South Korea-based Hyundai Home Shopping Network Corporation (Hyundai Home Shopping) has set up a joint venture firm called HIGH Shopping Company to penetrate the home-shopping market in Thailand. HIGH Shopping has an authorised capital of 500 million baht ($15.4million). Intouch… Read more »
Southeast Asian countries tend to do more intra-regional acquisitions, a trend that saw four out of the top five deals during the period have buyers and sellers who are both regional companies.
Social Nation is InVent’s 10th portfolio company and its first investment in the United States. The previous investments include local business review portal Wongnai, golf-course booking platform Golfdigg and mobile-first engagement solutions Playbasis.
Singaporean financial information tracking service Call Levels plans to target local markets and work with local partners as it expands internationally