Chalida Ekvitthayavechnukul

Correspondent, Thailand
Email: chalida@dealstreetasia.com

JAS Fund hopes to list upto $1b IPO this year

Thailand’s Jasmine International’s  (JAS) Broadband Internet Growth Infrastructure Fund plans to issue initial public offering (IPO) within this year.The fund by the Thai-based integrated telecommunication service provider will provide capital to expand the company’s optical fiber network. The fund is waiting for clearance from the Securities and Exchange Commission (SEC) for the… Read more »


Thaifoods Group plans year-end IPO

Livestock processor Thaifoods Group (TFG) is planning  to raise funds through an initial public offering (IPO), during the next few weeks. The food processing conglomerate hopes to be listed on the Stock Exchange of Thailand (SET), before the year end. The proceeds from the IPO will be used by the company to… Read more »


Thailand’s MTR turns VC with SME Bank

Thailand based MTR Asset Manager Company Limited, has entered into the venture capital space. It plans to support small-and medium-sized entrepreneurs (SMEs) so that they can grow rapidly. After signing the Memorandum of Understanding (MOU) of Venture Capital for SMES-OTOP project with the SME Bank today, the company’s chairman Chatu… Read more »


Thailand’s CBG to raise $215m from IPO

Thai energy drink maker Carabao Group PCL (CBG) is expecting to raise seven billion baht ($215.38 million) after pricing its initial public offering (IPO) at 28 baht per share, today. CBG will be selling 250 million shares, that represent 25% of the company’s equity capital, this month. The funds raised from the IPO will be spent… Read more »


Thailand’s SME Bank to launch VC fund

Thailand’s Small and Medium Enterprise Development (SME Bank) will launch a venture-capital fund this week in order to support high-potential small and medium enterprises (SMEs), who cannot access the financial source, a top executive with the company said. The venture fund is likely to use a budget of around 100… Read more »


AIRA to bring foreign firms into Thai stock market

AIRA Capital PLC, a firm that invests in financial companies, plans to get two foreign companies listed in the Market for Alternative Investment (MAI) in Thailand next year, The company is planning to bring more international financial products to the Thai investors by collaborating with foreign partners. “We are the advisor… Read more »


Grammy launches Social networking Platform

Thailand’s entertainment major GMM Grammy PLC has invested 30 million baht ($0.94 million) to build and launch a new social networking platform and an online game, called GWorld. This launch is expected to help the company build a stronger consumer base while creating an alternate revenue stream by tapping the… Read more »


Thailand’s SCG plans $6.2 billion ASEAN investment

Siam Cement Group (SCG), one of Thailand’s biggest industrial conglomerate, plans to spend between 200 billion-250 billion baht ( $6.25 billion -$7.8 billion) on its investment in ASEAN countries during 2015-2019. “Our assets in the ASEAN region account for 17% of our total assets and we would like to increase… Read more »


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 »