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 »

TKS targets Myanmar, Cambodia in expansion bid

TKS Technology Plc, a Thailand-based paper and printing major, is  diversifying into logistics and food sector, in a bid to take advantage of the upcoming ASEAN Economic Community(AEC), in 2015. According to TKS technology’s managing director Siriwan Sukanjanasiri the company is already in talks with other industry players to either acquire a… Read more »

Thailand’s EPG to list on SEC this month

After submitting its filing papers to the Securities and Exchange Commission (SEC), Eastern Polymer Group (EPG), Thailand-based manufacturer of synthetic rubber and plastic products, is planning its initial public offering (IPO), in a few days. The company plans to be listed in the construction material category in the Stock Exchange of Thailand, by the end… Read more »

Tune Insurance plans IPO for Q1 in 2015

Tune Insurance PCL (TIPCL), a relatively new Thai non-life insurance company, is planning an initial public offering (IPO) in the first quarter of next year. It plans to use the proceeds from the IPO for inorganic expansion in the domestic market. TIPCL, an associate of Tune Ins Holdings (TIH), which… Read more »

Thai conglomerate CP plots global expansion

Thailand-based Charoen Phokphand (CP) Group, possibly, one of the largest agribusiness conglomerates in the world, is looking to expand it’s global foot print. Although, the officials have been refuting rumors about buying out UK-based retail giant Tesco’s global operations, the group has taken an aggressive stance to expand its operations globally, saying… Read more »

Central Group plans capex of $1.6b for 3 years

Central Pattana Pcl (CPN), Thailand’s largest retail property development and management arm of the Central Group, announced an investment outlay of 53 billion baht ($1.615 billion) for the next three years. The company that aims to be Southeast Asia’s retail leader, will use the investment for setting up of six new shopping malls and… Read more »

Thai duck meat co Rance files for IPO

Duck meat manufacturer Bangkok Rance Plc (RANCE), filed with Thai regulators for an initial public offering of common stock. The fund raising will be used to expand the business and repay the debt, according to the Securities and Exchange Commission (SEC) statement. RANCE plans to issue 288,482,186 shares, of which 60,000,000… Read more »