Chalida Ekvitthayavechnukul

Correspondent, Thailand
Email: chalida@dealstreetasia.com

Newly-launched IYARA VC to raise $9.28m to promote Thai tech startups

IYARA Venture Capital Co, a newly-launched venture capital firm based in Thailand, plans to raise 300 million baht ($9.28 million) to fund at least 100 Thai startups over the next five years. IYARA was founded by four co-founders, comprising Apichai Sakulsureeyadej, Somboon Sukheviriya, Wissanupong Wongwas and Chatchai Tolertmongkol. All of… Read more »


PTTGC to enter JV with Japanese partner for US-based petrochem project

PTT Global Chemical Plc (PTTGC), a petrochemical arm of Thailand’s leading energy group PTT Plc, expects to sign a joint venture agreement with a Japanese trading company in the third quarter, to invest in the US-based $5-billion petrochemical complex. Patiparn Sukorndhaman, executive vice president of finance and accounting, said that it… Read more »


Financial aggregator CompareAsiaGroup raises $40m Series A from Goldman Sachs & other investors

Hong Kong-based financial comparison website CompareAsiaGroup, which also operates the Thai website www.moneyguru.co.th, announced it has raised $40 million in series A funding led by Goldman Sachs Investment Partners, Jardine Pacific, Nova Founders Capital, ACE & Company and Route 66 Ventures. Many other angel investors also joined this round including Zynga’s founder Mark… Read more »


Exclusive: Thai Agro Energy in talk to buy ethanol plants

Thailand-based ethanol manufacturer Thai Agro Energy Plc (TAE) is negotiating to buy two ethanol production plants with a combined production capacity of 200,000 litres a day. The acquisitions aim to boost its daily production capacity from 350,000 litres to 550,000 litres, in a bid to serve the growing demand in the… Read more »


Toyo-Thai’s subsidiary to raise $300m IPO on Singapore bourse

Toyo-Thai Corporation, Thailand-based integrated engineering procurement and construction contractor, aims to raise about $300 million from listing its subsidiary Toyo Thai Power Holdings Pte Ltd (TTPHD) on Singapore’s stock exchange in the fourth quarter of 2016. Currently, Toyo-Thai holds around 58 per cent stake in TTPHD. This will decrease to… Read more »


Thailand’s Siamraj to launch IPO in second half of 2015

Siamraj PLC, a Thailand-based NGV kits supplier and engineering turnkey processor , plans to sell 75 million shares, equivalent to 25 per cent of its capital, in its initial public offering (IPO) in the second half, in a bid to support its business expansion, the company said Tuesday. The company’s chief… Read more »


SGREIT to acquire Myer Centre Adelaide in AUS for $221m

Starhill Global REIT (SGREIT) has entered into the sales and purchase agreement to acquire a freehold property Myer Centre Adelaide in Australia for $221.64 million (S$302.4 million) in cash, according to its manager YTL Starhill Global REIT Management Limited. Located in Adelaide’s busy retail CBD core and the only retail… Read more »


Thailand’s GPSC to raise $312m from IPO in May

Global Power Synergy PCL (GPSC), an electricity generator and a subsidiary of Thailand’s leading energy conglomerate PTT Group, expects to raise more than 10 billion baht ($312.5 million) by offering 374.57 million shares through its initial public offering (IPO) and get listed in the Stock Exchange of Thailand in the second quarter… Read more »


Thailand’s mass transit operator BTS to aquire majority stake in NPARK

After Natural Park Plc (NPARK) issues additional ordinary shares and warrants in exchange for acquiring all ordinary shares of BTS Assets Company and Kamkoong Property Company from the BTS Group, the group will become a new major shareholder in NPARK with the 35.64 per cent stake. NPARK which is a listed property developer in Thailand’s… Read more »


EU, Asian funds eyeing Thailand’s listed petrochem co ESSO?

European and Asian funds have showed interest in taking over ESSO (Thailand) PCL, a listed refinery and petrochemical firm in Thailand, reported the local newspapers. According to the media, one of the European funds had already hired a financial advisor for the deal. However, an executive source in the energy industry told DEALSTREETASIA that the news could be a rumour… Read more »