Zen Corporation plans to sell 75 million shares, equivalent to 25% of its registered capital, in an IPO on the Thai stock exchange in the first quarter.
Monchai Noosong, president of TOT, said the merger is expected to complete in June and a restructuring should take a few more years to complete.
This acquisition comes after Danke Gongyu completed its $70-million Series B+ round in June last year.
The deal, conducted through a share swap, is expected to be completed in the second quarter of this year.
Taiwanese iKala, among the largest Google Cloud partners, has completed a $10-million Series A+ financing round from Hotung Venture Capital and Pacific Venture Partners.
KTBST product range covers domestic and offshore equities, structured notes, fixed income, mutual funds, algorithmic trading platform and robo-trading.
Medbanks Network Technology, an oncology database firm, has secured $59 million in a Series D round led by CDH Investments and CLP Fund.
Shanghai-based private equity firm Principle Capital has appointed Raymond Lau as a vice president of the firm.
With the launch of its services in Cyberjaya, Neuron now offers its services in four cities, including Singapore, Bangkok and Chiang Mai.
360 Enterprise Security is a spin-off from Qihoo 360, China’s largest internet security firm.