The Bank of Thailand, which owns almost the entire company, will offer as many as 1.48 billion existing shares. Its holding in BCAM will fall to 45.6%
SCB expects digital lending to retail customers to climb almost eight-fold this year.
The funding will help Indonesia’s most valuable technology startup bolster its financial services.
Sarath Ratanavadi has vaulted up Thailand’s billionaire list as his Gulf Energy Development Pcl outpaces most of the world’s power companies.
Charoen Sirivadhanabhakdi’s net worth has reportedly risen to $13.4 billion.
Thailand named Ruenvadee Suwanmongkol as secretary general of the SEC, appointing a woman to run the market regulator for the first time.
IPOs & Markets
The Thai central bank plans to reduce its stake in BAM to less than 50% through the share sale, down from 100% currently.
While the Srivaddhanaprabhas are famous for their turnaround of Leicester City, the family’s fortune is derived mostly from its duty-free giant back
Within SE Asia, only companies in Vietnam have raised more through IPOs this year.
Osotspa, which makes beverages under the M-150 and Shark brands, adds to the $1.5 billion raised through Thai IPOs this year.
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