Chalida Ekvitthayavechnukul

Correspondent, Thailand

Thailand’s JAS plans internet infra fund

Jasmine International (JAS), Thai integrated telecommunication service provider, is planning to raise money through an Internet infrastructure fund this year. This fund is expected to fuel the company’s massive investment plans for fiber optic expansion in the year 2015. JAS has already appointed BBL Asset Management (BBLAM) as a financial… Read more »

BRR gets ready for IPO

After its book building, Buriram Sugar Public Company Limited (BRR), Thailand’s second-largest sugar producer, set the price at 6.80 baht per share ($0.21) for its initial public offering (IPO) at the Stock Exchange of Thailand on November 6. The company has appointed KT ZMICO Securities to be its IPO underwriter. It… Read more »

Thailand real estate goes into overdrive with deals

Thai tycoons and property developers are consolidating property holdings, taking over real estate companies and entering into joint ventures with investors from Japan, China and Hong Kong. All this to enhance their competitiveness in the real estate space, with an eye on the forthcoming  inauguration of ASEAN Economic Community (AEC)…. Read more »

CP group refutes Tesco Lotus buyout rumors

Thai agri-business and retail major Charoen Pokphand Group (CP group) has refuted all rumours regarding the buy out of the Thai operations of financially stressed UK retail major Tesco Lotus. According to a company official, even if Tesco Lotus ( Thailand) is put on the block, the valuation is expected… Read more »

GLAND to build tallest tower in ASEAN

Grand Canal Land PCL (GLAND), one of the leading real estate developers in Thailand, announced to invest 18 billion Baht ($562 million) in building the tallest tower in the Southeast Asia. The project called ‘Super Tower’ is designed to be a mixed-use building with 125 storeys and be 615 meters… Read more »

EDL-GEN to raise fund in Thailand

EDL-Generation Public Company (EDL-GEN), a major operator of hydroelectric power plants in Lao PDR, plans to raise 6 billion-8 billion baht ($187 million-$250 million) this year to acquire 10 hydro power plants. The fund will partly go toward buying 100 percent stakes of four hydro power plants from EDL, which… Read more »

Siri, BTS to form JV to develop property along Bangkok’s skytrain?

Sansiri Public Company Limited (SIRI) and Bangkok Mass Transit System Public Company Limited (BTS) will set up a joint-venture company together for developing the property along the skytrain routes, the source told Deal Street Asia. SIRI is one of the leading property developers in Thailand and has expertise in developing… Read more »

Pomelo to use $1.6-m funding to expand operations :CEO

Just days after securing a a $1.6 million Series A funding, David Jou , the CEO of the Thai online fashion retailer Pomelo, tells DEALSTREETASIA he plans to use the part of the proceeds to launch a sub brand next year, and the rest for expansion to other geographies. Jou… Read more »

Thai Banks Expansion : A Challenging Task

The free flow of capital triggered by the economic integration under the Association of Southeast Asian Nations (ASEAN) Economic Community – AEC – has prompted Thailand’s banks to consider expanding to other countries in the region, but market watchers and analysts believe more effort and time will be needed to… Read more »

Siam to raise $1.31 m from IPO by year-end

Siam Wellness Group Public Company Ltd (SPA) has revealed its plan to open more branches with a total investment of 100 million baht (US$ 3.125 million). President Wiboon Utsahajit said the company’s plan was to open at least three branches to maintain its growth. “We are focusing on domestic market… Read more »