Thailand mints second billionaire this month as IPOs revive


Sarath Ratanavadi is poised to become the newest billionaire in Southeast Asia’s second-largest economy.

Bangkok-based Digital Ventures invests in Finland’s IndoorAtlas

To date, it has secured $24.2 million from several investors including Baidu and Mobility Ventures. 

KKR’s Emerald Media leads $65m Series B round into Thai startup aCommerce

Existing investors Blue Sky, MDI Ventures and DKSH also joined the round.

Thailand: PTT divests entire stake in Star Petroleum Refining for $112.6m

It still owns significant stakes in Thai Oil, PTT Global Chemical and IRPC.

Thai-listed Sansiri acquires 50% stake in local property developer

Sansiri and U City plan to develop a premium condominium project on a plot of land in Bangkok.

Thailand: Taokaenoi acquires US seaweed factory to tap into Western markets

Taokaenoi plans to increase the registered capital of GFI after the transaction is completed.

Thailand: Minor Hotels picks 50% stake in H&A Park for $22.5m

Hua Hin on Thailand’s west coast has seen a surge in investments by realty companies.

Thailand’s Sansiri invests $80m in six global startups including Standard International, Monocle, JustCo

The six brands are Standard International, One Night, Hostmaker, JustCo, Farmshelf and Monocle. 

Thai PE firm Lakeshore acquires controlling stake in skincare firm Aisance for $15.9m

This marks Lakeshore’s fourth investment.

Thailand: Grand Uniland to sell Samyan project into new REIT

Grand Uniland will hold a 15% stake in the REIT.