By Florence Tan
Royal Dutch Shell said on Tuesday it would sell its stake in Thailand’s Bongkot gas field to Kuwait Foreign Petroleum Exploration Company (Kufpec) for $900 million. The move is the latest stage of the Anglo-Dutch company’s push to reduce debt after buying smaller rival BG Group for $70 billion, bringing… Read more »
It is the first Thai property developer to diversify itself into tech investments.
It expects to launch its IPO in the second quarter to part-fund the project.
It will use the funding to increase its HR capacity to meet high demand from Thai companies. It plans to employ around 1,000 people by 2020.
Scoozi has 24 branches located across the Great Bangkok area.
TMB has a network of 455 branches nationwide.
Japan remained Thailand’s biggest investor in 2016, followed by Singapore and China.
The investment is in the form of exchangeable loan
Prudential PLC, AIA Group and Manulife Financial Corp are said to be weighing a bid.
In case that the deal cannot go through, Sea Value will consider doubling the production capacity of its French subsidiary Sea Value Atlantic which it acquired in the end of October 2015.