Chalida Ekvitthayavechnukul

Correspondent, Thailand

Thailand’s TUF buys Bumble Bee for $1.51b

Thai Union Frozen Products (TUF), one of the world’s largest processor of shelf-stable tuna products, is acquiring US-based Bumble Bee Seafoods, one of the major seafood firms in North America, for $1.51 billion. TUF will be buying Bumble Bee, which has an annual sale of $1 billion and an estimated… Read more »

Thailand’s WHA plans 2nd REIT for Q2 2015

Encouraged by listing of its first real estate investment trust (REIT) -WHA Premium Growth Real Estate Investment Trust (WHART), Thailand’s commercial property player WHA Corp, is already preparing for its next REIT launch. The company is also hoping for a third overseas assets-based REIT listing on the Stock Exchange of… Read more »

Thai IT retailer Comseven plans Jan IPO

Comseven International Co, a leading IT retail chain, is planning an initial public offering (IPO) next month with an issue of 300 million shares, at par value of 0.25 baht per share. The company is hoping to get listed on the Stock Exchange of Thailand (SET) in the second half of 2015 and… Read more »

SCG acquires two overseas cos for $19.2m

Siam Cement Group (SCG), one of Thailand’s largest industrial conglomerates, has announced two successful acquisitions, one each in Norway and Indonesia with a combined transaction value of 630 million baht ($19.2 million) . Kan Trakulhoon, president and CEO of SCG, said that SCG Chemicals Company Limited has purchased a 51… Read more »

WHA Corp’s $94m REIT to start trading on SET

WHA Premium Growth Real Estate Investment Trust (WHART) will start trading on the Stock Exchange of Thailand (SET) tomorrow. It is the second real estate investment trust (REIT) to list on the Thai bourse, this year. About three other REITs are expected to list on the SET in the next few… Read more »

Thai Govt to launch $762m PE fund in Feb

The Thailand government, taking cue from other South East Asian (SEA) countries, has entered the domestic private equity (PE) arena, to encourage the small and medium enterprises (SMEs) . The Thai Cabinet has approved setting up of the first government SME private equity trust fund worth 25 billion baht ($762.2 million)… Read more »

Infinity Levels secures $500K from InVent

Thailand’s gaming studio Infinity Levels Studio has secured $500,000 seed funding from InVent, a venture-capital unit of Intouch Holdings PCL. According to an official statement by InVent, Infinity Levels will use this fund to for global launch of the animal racing game Ranch Run and launch two other titles of the same game… Read more »

PST to invest IPO funds in renewable energy

Power Solution Technology Co (PSTC), an electric power supply integrated solution and environment management company, is planning to investing in renewable energy business from the funds raised in its initial public offering (IPO). It has sold its 450 million IPO shares at 65 satang each to raise 292.5 million baht last week… Read more »

LH Bank offers big stake to future partner

Land and Houses Plc, a major shareholder of Land and Houses Bank (LH Bank), is to offer a significant stake to a potential strategic partner through capital-additional shares. It currently holds 60 per cent stake in LH Bank. “It is not necessary for us to sell our shares. We can… Read more »

Page365 raises $420k, to launch in Vietnam

Page365, a social media e-commerce platform for sellers on Facebook and LINE application, run by Thailand-based Softbaked Limited, has raised $420,000 in seed funding from Inspire Ventures and existing investor Galaxy Ventures, today. It received its first round of undisclosed seed funding from Galaxy Ventures last year. The startup’s founders, Lusarun… Read more »