Chalida Ekvitthayavechnukul

Correspondent, Thailand
Email: chalida@dealstreetasia.com

Thailand’s Thanachart, TMB Bank sign $4b merger MOU

Upon completion of the transaction, ING, Ministry of Finance and TCAP will be major shareholders of the merged entity, with ING and TCAP owning more than 20 per cent each.


Indorama completes acquisition of Brazil’s largest polyester producer

This acquisition marks IVL’s foray into the fibre business in Brazil.


Thai B Grimm Power acquires Glow energy asset for $105.5m

BGRIM operates 19 combined cycle power plants including the newly-acquired Glow SPP1.


Thai insurtech startup Sunday closes $10m Series A led by Vertex Ventures

The startup plans to use the funding to continue building its team, especially the technology and data functions, and also to invest in R&D.


Armed with $100m investment, Creative Technology CEO makes comeback with holographic audio

After many years and more than $100 million of investment, Sim Wong Hoo is finally back — with a new piece of audio technology called the Super X-Fi that he thinks will be a game changer.


Krungsri Finnovate invests $2m in Singapore startup Silot’s Series A

This marks the fourth direct deal of Krungsri Finnovate, following its investments in Omise, Finnomena and Baania.


Thai Digest: BreadTalk buys out partner stake; ZEN secures $31.35m via IPO

Zen Corporation, a holding company that operates restaurants and food services, has mobilised $31.35 million via an initial public offering.


Thai marketing platform Tellscore raising Series A for Indonesia push

The startup will deploy around 20 per cent of the proceeds to support its expansion to Indonesia.


UK-based CDC Group extends $15m loan to Nepal’s NMB Bank

The financing marks CDC’s first direct investment in Nepal and the second debt investment in the Nepalese banking sector.


Beacon VC leads $6.5m pre-Series A round for Thai wealthtech startup Jitta

Jitta, founded in January 2014, uses Big Data to analyze business financials and automate portfolio management.