Exclusive:Thai dating app to raise $400K seed fund


Thailand-based dating app platform Noonswoon is planning to raise a second seed fund in April, next year. The startup that has been operating its successful mobile dating application since December 2012, is preparing to go regional, with the funds raised from second seed financing. The new fund is expected to be around $400,000, similar… Read more »

Exclusive: TPA to raise $100m for third vehicle

Thai Prosperity Advisory Company Limited (TPA), Thailand-based investment advisory firm, plans to raise its third fund in the second quarter of 2015 with a target of $100 million, a top executive with the company said. TPA is currently in talks with limited partners for its third buyout vehicle that will… Read more »

Thai-based NCL to pick 22% in Transoffshore

NCL International Logistics (NCL), Thailand’s listed logistic service provider, today announced that it is planning to acquire a 22.22 per cent holding in Singapore-based Transoffshore Logistics. This acquisition is expected to help NCL expand its business to the region while benefiting from the technical expertise provided by Transoffshore. Transoffshore has a paid-up registered… Read more »

LeapFrog, Lombard pick 21% stake in SMK

UK based RSA Insurance Group Plc announced that it has sold a 21.75 per cent holding in Thailand’s insurer Syn Mun Kong (SMK) to LeapFrog Thailand Holdings Ltd and Mindo Asia Investment Limited, an affiliate of US-based Lombard Investments Inc. RSA received cash consideration of £36 million ($56.33 million) and the… Read more »

SCB plans 3 IPOs, REITs in 2015

Siam Commercial Bank (SCB) has a positive investment outlook for 2015. The bank expects to help launch three IPOs on the Stock Exchange of Thailand (SET) and form several REITs and infrastructure funds in the coming year. The three companies that are public with SCB are – Eastern Sugar, Bangkok Ranch and Sahakol…. Read more »

Thailand’s Indorama sets up 2 JVs in Mexico

Indorama Ventures Pcl (IVL), one of the world’s largest integrated polyester product maker, is setting up two joint-venture (JV) companies in Mexico, the company informed the Stock Exchange of Thailand (SET), today. One of the two JVs is Indorama Ventures Ecomex S de R L de CV, which will be producing… Read more »

Thailand’s TUF buys Bumble Bee for $1.51b

Thai Union Frozen Products (TUF), one of the world’s largest processor of shelf-stable tuna products, is acquiring US-based Bumble Bee Seafoods, one of the major seafood firms in North America, for $1.51 billion. TUF will be buying Bumble Bee, which has an annual sale of $1 billion and an estimated… Read more »

Thailand’s WHA plans 2nd REIT for Q2 2015

Encouraged by listing of its first real estate investment trust (REIT) -WHA Premium Growth Real Estate Investment Trust (WHART), Thailand’s commercial property player WHA Corp, is already preparing for its next REIT launch. The company is also hoping for a third overseas assets-based REIT listing on the Stock Exchange of… Read more »

Thai IT retailer Comseven plans Jan IPO

Comseven International Co, a leading IT retail chain, is planning an initial public offering (IPO) next month with an issue of 300 million shares, at par value of 0.25 baht per share. The company is hoping to get listed on the Stock Exchange of Thailand (SET) in the second half of 2015 and… Read more »

SCG acquires two overseas cos for $19.2m

Siam Cement Group (SCG), one of Thailand’s largest industrial conglomerates, has announced two successful acquisitions, one each in Norway and Indonesia with a combined transaction value of 630 million baht ($19.2 million) . Kan Trakulhoon, president and CEO of SCG, said that SCG Chemicals Company Limited has purchased a 51… Read more »