Thailand’s Sansiri, BTS form 7 JV firms for developing properties along skytrain routes

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Thailand based real estate developer Sansiri PCL announced that it would be setting up seven joint venture companies with BTS Group Holdings towards the development plan for new residential projects, over the next 12 months. Under the Strategic Alliance Framework Agreement, Sansiri and the BTS Group will hold 50 per… Read more »

Exclusive: US-based NatureWorks to decide between Thailand & Malaysia for setting up $200m PLA plant by May-end

After a month’s delay, the board of NatureWorks, the world’s leading supplier of biopolymers, is expected to take a decision regarding the location of its new $200-million polylactic acid (PLA) production plant. The company will decide by the end of this month, between Thailand or Malaysia, for its new production facility… Read more »


Thailand’s industrial estate developer AMATA to launch REIT this year

Amata Corporation (AMATA) plans to raise funds through the initial public offering (IPO) for its first Amata Summit Growth Real Estate Investment Trust (REIT). The IPO that is expected to be worth up to 4.75 billion baht ($144 million), will be formally announced next week, according to the company’s source. The REIT will turn 88 (rental) factories,… Read more »


Thailand’s frozen food wholesaler P-Mart plans $151m IPO in 2017

Thailand’s leading frozen food wholesaler P-Mart Superstore Company expects to raise 5 billion baht ($151.51 million) through an initial public offering (IPO) by 2017. The funds from the IPO will be used  to expand its business in both the domestic, as well as international markets. The company has already appointed Asia Plus Group Holdings… Read more »


Bangchak to acquire minor stake in Canadian Lithium mining firm for $5m

In line with its aggressive acquisition plan, Thailand’s oil refinery Bangchak Petroleum PCL (BCP) has approved the buying of 7 per cent stake in the Canada-based lithium mining operator Western Lithium Corporation for $5 million during middle of this year. The investment would be divided into two tranches of $1.5 million and $3.5 million,… Read more »


Thailand-based WICE Logistics plans to raise up to $9m from Q3 float

International logistics service provider WICE Logistics PCL plans to raise 200-300 million baht ($6 million-9 million) from selling 150 million shares, equivalent to 25 per cent of the total registered capital, through its initial public offering (IPO) by the third quarter of this year. It will offer 142.5 million shares… Read more »


Thailand’s condo developer Origin Property plans IPO in Q3

Origin Property PCL is to sell 180 million shares, equivalent to 30 per cent of total capital with a par value of 0.50 baht, apiece, through its initial public offering (IPO) and expects to start trading on the stock market within the third quarter this year, according to Kasikorn Securities,… Read more »


Thailand based IVL closes acquisition of Bangkok Polyester

Indorama Ventures PCL (IVL), the mid-stream petrochemical manufacturer, announced that it had completed the deal to acquire a 94.91-per-cent stake in Rayong-based polyethylene terephthalate (PET) producer Bangkok Polyester PLC. IVL has acquired the stake from Bangkok Cable Company for an undisclosed amount. Upon the completion of the acquisition, IVL’s production capacity of PET… Read more »


Thai media provider VGI to acquire 20% in LED Advance for $3m

Thai media provider VGI Global Media PCL (VGI) has entered an agreement to acquire 15 million new shares, equivalent to 20 per cent of total capital, in LED Advance Company (LED) for 100 million baht ($3 million). As per the agreement, VGI is also entitled to subscribe for additional shares of… Read more »


Thailand’s aCommerce raises $5m ahead of Series B round

Thailand-based regional end-to-end e-commerce service provider aCommerce has raised an additional $5 million from its existing investors, the company said. aCommerce previously raised $10.7 million in June 2014, in what has been one of the largest Series A rounds in Southeast Asia. The company will use the proceeds from this round… Read more »