Thailand’s Salee Printing to raise $27m from IPO in April

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Salee Printing Plc, a Thailand-based packaging solution providers, plans to raise 907.2 million baht ($27.84 million) by issuing 420 million shares, equivalent to 35 per cent of total shares, in its initial public offering (IPO), next month. Chupong Tanasettakorn, managing director of Country Group, also a financial advisor and underwriter for SLP’s… Read more »

Jardine C&C buys 25% in Thailand’s Siam City Cement for $615m

Singapore-listed Jardine Cycle & Carriage Monday said it will pay $615 million (S$842 million) for a 24.9 per cent stake in Thailand’s second largest cement maker Siam City Cement. Siam City Cement, that is listed on the Thailand stock exchange, owns three plants with a total cement production capacity of 14.5… Read more »


Thailand Dealbook: BJC, Metro, ADVANC

An earlier attempt by Berli Jucker’s, to buy Metro Vietnam for 655 million Euros, was rejected by its shareholders who were worried about the risk to the company’s financial. However, it will plans to propose the same to its shareholders next month. Meanwhile, Advanced Info Services, one of the top three telecos in… Read more »


InVent invests $700k in Thai mobile game developer Sinoze

Sinoze, a leading mobile games developer in Thailand has raised around $700,000 from InVent, the venture capitalist arm of Thailand’s largest telco Intouch. The deal has seen Intouch Holdings Plc (INTUCH) subscribing to 6,000 newly-issued shares in Sinoze Company Limited, equivalent to 16.67 per cent of its paid-up capital, for 22.5 million baht (approximately $700,000) through… Read more »


‘Krating’ to join 500 Startups as Venture Partner

Ruangroj ‘Krating’ Poonpol, a former US-based Googler and director with Telenor, announced on his Facebook page, on Friday that he has started working with the US-based venture capital ‘500 Startups’ as a venture partner. According to tech blog e27, Poonpol he will work with the management and investment team including, the founder Dave McClure,… Read more »


Thailand set for a real estate boom along its borders

Thailand’s border regions have have an influx of property developers keen to invest in condominiums and hotels. The real estate boom in the border towns has been led by the increasing trade and investment activity, in anticipation of the forthcoming Asean Economic Community (AEC). After Thailand set up special economic zones (SEZs) to… Read more »


Thailand’s PTT to sell its entire stake in EMG

Thailand’s leading energy and petrochemical firm PTT Plc is determined to sell its 25 per cent stake in Egypt-based East Mediterranean Gas (EMG) after EMG’s pipeline, which was to be used to transport gas from Egypt to Israel, could not be operated. Chief financial officer Wirat Uanarumit said that its investment in EMG… Read more »


Thailand’s IVL plans to buy a PTA plant in Spain

Thailand-listed, integrated petrochemical producer Indorama Ventures PCL (IVL) is negotiating to acquire another polyester materials facility from Cia Espanola de Petroleos SAU. This acquisition will help to expand the company’s business in Europe and North America. Sources in know of the deal, who asked not to be named, told Bloomberg that Indorama is negotiating to acquire Spain-based… Read more »


New opportunities for Thai infrastructure investment

Thailand recently signed bilateral agreements with Japan and China, to build two railway trunk lines across Thailand, said a report in The Diplomat, One line, built with Chinese loans and technology, will link Bangkok and Map Ta Phut in the Thai south through Laos to Kunming, Yunnan, in the north. This is… Read more »


Chularat Hospital to acquire a few hospitals this year

Thailand-based Chularat Hospital is in talks to take over two or three hospitals with the size of more than 100 beds each, with an approximate budget of 1 billion baht ($32.26 million) Managing director Kumpol Plussind said that it would close at least one deal within this year and the… Read more »