Thai water producer UU plans its listing in Q4

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Universal Utilities PCL (UU), a subsidiary of Thailand-listed Eastern Water Resources Development and Management PLC, plans to raise fund around 1 billion baht through its initial public offering (IPO). The company plans to start trading in the Stock Exchange of Thailand in the fourth quarter this year. In the IPO, it… Read more »

Thailand’s power distributor ASEFA plans listing on SET

ASEFA Pcl, a manufacturer and provider of electrical power distribution and energy management, has submitted the first filing to the Securities and Exchange Commission to get listed on the Stock Exchange of Thailand (SET). It plans to raise funds through an issue of 150 million shares through its initial public offering (IPO) Of total IPO shares, 140… Read more »


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

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 »