Thai billionaire said to eye $1.5b IPO for property unit


Charoen Sirivadhanabhakdi’s TCC Group aims to list its Asset World Corp. unit in Bangkok next year.

Thai market poses unique challenges, says Go-Jek’s head of international expansion

The Indonesian ride-hailing giant is up against strong local habits and customs around transportation in Thailand, Go-Jek’s Vice President for International Expansion, Andrew Murphy, said.

Thai ICO unicorn Omise raises funding in Global Brain-led round

The round was joined by Mitsui Fudosan’s corporate venture arm, 31VENTURES, and existing backer Indonesian VC firm Sinar Mas Digital Ventures (SMDV).

Ex-Thai PM Shinawatra-owned Praram 9 Hospital IPO priced at top end

The IPO was priced at the top end of the 10.60-11.60 baht range, giving it a trailing PE of 34 times against peer average of 23 times.

Thai regulator blocks state-run PTT’s $4b bid to buy Glow Energy

The acquisition was rejected over concerns it could monopolise power purchase agreements (PPAs) in Map Ta Phut and violate certain sections of the Energy Business Act.

Home decor chain Chic Republic to launch IPO on Thai alternative market in Q4

The company plans to use the proceeds for debt repayment and business expansion.

Thai hotel chain Minor International’s billionaire owner eyes more acquisitions

Minor has signed at least two hotel management contracts in Japan, and is looking for acquisitions because Japan is the top destination for Thai travellers.

CVC Capital-led group to buy 50% stake in Krungsri’s MFI arm

The unit, Ngern Tid Lor Co Ltd, offers credit and insurance to the underbanked and self-employed population in Thailand.

Creative Ventures hits first close of second fund, attracts interest from top Thai investors

The first close was led by Chanond Ruangkritya, founder of real estate developer Ananda Development PCL, and Sittichai Leeswadtrakul, CEO and President of steel firm Millco.

Thai energy drink maker Osotspa said to raise $463m in IPO

Osotspa, which makes beverages under the M-150 and Shark brands, adds to the $1.5 billion raised through Thai IPOs this year.