WHA Corp’s $94m REIT to start trading on SET


WHA Premium Growth Real Estate Investment Trust (WHART) will start trading on the Stock Exchange of Thailand (SET) tomorrow. It is the second real estate investment trust (REIT) to list on the Thai bourse, this year. About three other REITs are expected to list on the SET in the next few… Read more »

Thai Govt to launch $762m PE fund in Feb

The Thailand government, taking cue from other South East Asian (SEA) countries, has entered the domestic private equity (PE) arena, to encourage the small and medium enterprises (SMEs) . The Thai Cabinet has approved setting up of the first government SME private equity trust fund worth 25 billion baht ($762.2 million)… Read more »

Infinity Levels secures $500K from InVent

Thailand’s gaming studio Infinity Levels Studio has secured $500,000 seed funding from InVent, a venture-capital unit of Intouch Holdings PCL. According to an official statement by InVent, Infinity Levels will use this fund to for global launch of the animal racing game Ranch Run and launch two other titles of the same game… Read more »

PST to invest IPO funds in renewable energy

Power Solution Technology Co (PSTC), an electric power supply integrated solution and environment management company, is planning to investing in renewable energy business from the funds raised in its initial public offering (IPO). It has sold its 450 million IPO shares at 65 satang each to raise 292.5 million baht last week… Read more »

LH Bank offers big stake to future partner

Land and Houses Plc, a major shareholder of Land and Houses Bank (LH Bank), is to offer a significant stake to a potential strategic partner through capital-additional shares. It currently holds 60 per cent stake in LH Bank. “It is not necessary for us to sell our shares. We can… Read more »

Thailands InVent gears up for investing in startups

InVent, a venture capital project of the INTOUCH Group, is planning several joint venture with rapidly-growing startups in Thailand, next year. It will consider startups that are related to its business such as Information Technology (IT), telecommunication, digital content providers and media. “We are considering joint ventures with three to… Read more »

Golden Land takesover KLAND, to form REIT for $304m

Thailand based Golden Land Plc, a real estate company from the tycoon Charoen Sirivadhanabhakdi’s group, will be taking over Krungthep Land Plc (KLAND). Golden Land’s president Thanapol Sirithanachai said that it would buy all of the 1.78 billion shares of KLAND at the price of 2 baht ($0.06) each, from a… Read more »

Page365 raises $420k, to launch in Vietnam

Page365, a social media e-commerce platform for sellers on Facebook and LINE application, run by Thailand-based Softbaked Limited, has raised $420,000 in seed funding from Inspire Ventures and existing investor Galaxy Ventures, today. It received its first round of undisclosed seed funding from Galaxy Ventures last year. The startup’s founders, Lusarun… Read more »

Thailand’s IEC diversifies into energy business

The International Engineering Plc (IEC), the listed mobile phone distributor and engineering firm, is diversifying and shifting its focus to renewable energy business next year. This move is aimed at generating a better return on business, and the company plans to get listed in energy sector instead of the current… Read more »

Thailand tire maker NDR plans MAI listing

Thailand-based N D Rubber PCL (NDR), a manufacturer of motorbike tire for more than two decades, has submitted the first filing for its initial public offering (IPO) to the Securities and Exchange Commission yesterday, according to Wicha Tomana, executive vice-president of Phillip Securities. It plans to be traded at the Market for… Read more »