Thailand Dealbook: Dawei, CCP


Thailand’s government and private sector are preferring to expand in partnership with others. The Dawei development project will soon have a Japanese stakeholder. Similarly, the country’s leading concrete producer is likely to find partners to help grow the business . Dawei moves forward with Japan’s joining Japan is expected to be the third party (apart from Thailand… Read more »

COSFF acquires US-based shellfish producer

US-based packaged seafood producer Chicken of the Sea Frozen Foods (COSFF), which is a subsidiary of Thai Union Frozen Products (TUF), has acquired the assets of Orion Seafood International – one of the larger lobster & shellfish producer, supplier in the North Atlantic. Thailand’s TUF is one of the world’s largest processor of shelf-stable tuna products. The… Read more »

Thailand’s PLANB seeks $55m from IPO

Thailand-based media planner and provider Plan B Media Plc (PLANB) is hoping to raise about 1.8 billion baht ($55.26 million) from its initial public offering (IPO). The company will issue 897,609,000 shares at the price of two baht per share to the public during February 9-11. The price is 20 times… Read more »

Thailand’s EGCO buys 33% in power co NED

Electricity Generating PCL (EGCO), Thailand’s second largest private power producer, has acquired an additional 33.33 per cent stake in power company Natural Energy Development Co (NED) for 1.2 billion baht ($36.8 million) from a former shareholder Diamond Generating Asia Limited (DGA), a division of Mitsubishi Corporation Meanwhile, it has also signed the… Read more »

Thailand’s Jasmine Fund raises $1.7b from IPO

Thai telecommunications group Jasmine International PCL  has raised 55 billion baht ($1.69 billion) through the initial public offering (IPO) of its internet fund – Jasmine Broadband Internet Infrastructure Fund (JASIF) –  making it the largest float in the country since December 2013. JASIF issued 5.5 billion units at 10 baht… Read more »

Thailand’s Pioneer Motor to launch IPO in Q2

Pioneer Motor Co, Thailand’s second largest electric motors and pumps manufacturer and supplier, expects to raise 30 million baht (around $967,000) by selling 120 million shares, equivalent to 30 per cent of the company, to the public, through an initial public offering (IPO). It has appointed Asset Pro Management as… Read more »

PTT to sell 15% shares in Bangchak to state fund

Thailand’s state-owned energy firm PTT PCL will sell its 15 per cent stake in oil refinery Bangchak Petroleum PCL to a state investment fund Vayupak. This was decided at the company’s board meeting on Tuesday (February 3) PTT plans to sell all of its 27.22 percent in Bangchak after it has… Read more »

Grammy sells its stake in SE-ED to Wuttipoom

Thailand’s leading media and entertainment firm Grammy Public Company Limited (GRAMMY) on Tuesday said it had sold all its shares in SE-Education Plc (SE-ED) to Wuttipoom Chulangkoon for 297.16 million baht ($9.59 million). Its move to exit SE-ED – that is involved in bookstores, distribution, and publishing in addition to holding  annual… Read more »

BTS, AEON set up $154m finacial services JV

BSS Holdings, a new subsidiary of the country’s largest mass transit operator BTS Group Holdings Plc (BTS), and AEON Thana Sinsap (Thailand) Plc (AEONTS) has set up a 51:49 joint venture company, AEON-Rabbit Special Purpose Vehicle (SPV), to purchase the consumer loan receivables generated from the AEON Rabbit Member Card…. Read more »

LalaMove raises $10m in latest series A round

Huolala Global Investment Limited, which has invested in the “EasyVan”, “lalamove” and “Huolala” brands, announced last week the securing of a series A investment of US$10 million. The latest round was  led by China-based Crystal Stream Capital. Other participating firms were Geek Founders, Mindworks Ventures , Sirius Venture Capital, Aria… Read more »