ThaiBev taps baht bond market with $2b offering, to refinance Sabeco acquisition debt

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Proceeds will refinance $5-billion bridge loans backing ThaiBev’s $4.84-billion acquisition of a 53.59% stake in Vietnam’s Sabeco.

Thailand: Krungsri Finnovate invests in Japan’s SBI AI & Blockchain Fund

Krungsri Finnovate has directly invested in two fintech startups (Omise and Finnomena) and one proptech startup (Baania).


Thai power producer EGCO in talks to acquire overseas assets

The acquisition plans follow its divestment of 49% stake worth $850 million in Masinloc Power Partners Ltd.


Thai e-commerce enabler Sokochan to expand to Malaysia via JV

In July, Sokochan had raised a six-figure USD pre-Series A round, a strategic investment from Thailand-listed Begistics PCL.


Thai condom maker to acquire Box Asia Group

Thai Nippon Rubber Industry Pcl, is acquiring Box Asia Group International Co, a paper boxes manufacturer.


Thai Digest: Delta to take over local listed firm; IVL to acquire French plant

Indorama Ventures is to acquire the plastic recycling plant in France to strengthen its recycling business in Europe.


Thailand’s Minor International says Hyatt’s counteroffer for NH Hotel comes too late

Including a planned purchase of 8.4 percent of NH Hotel from HNA Group Co., Bangkok-based Minor is on course to own 44 percent of the Madrid-based firm.


Asia Digest: Grab launches new services in Thailand; Revolution Precrafted clinches Spain deal

Grab said it is introducing GrabExpress, GrabMart, and GrabFresh to local users in Thailand.


Prudential forays into Thai mutual fund market with asset manager acquisition

TMBAM is the fifth-largest asset manager in Thailand with $13.15 billion of assets under management.


Thailand approves electric vehicle investment plans of Nissan, Honda

The two Japanese automakers are looking to produce hybrid electric vehicles and batteries.