By Chalida Ekvitthayavechnukul
The project is in partnership with Thai retail developer Central Pattana Pcl
Its target is to invest in fintech startups that have potential to be unicorns.
Thailand’s major oil-tanker service provider Prima Marine and anti-ageing centre operator The Klinique have submitted the filing to the Office of Securities and Exchange Commission on Tuesday to sell shares in initial public offerings (IPOs). Prima Marine to launch IPO Prima Marine Pcl, the country’s largest marine vessel management firm… Read more »
Both companies expect to enter into the transaction in the second quarter of this year.
This is the third SMEs Private Equity Trust Fund to be launched in Thailand.
Of total, it spent 289 million baht on acquiring Osha Group’s food business in the United States and the rest 121 million baht on taking over Bangkok-based G Enterprise & Co.
The company offers to pay 29 billion baht for the remaining fund units in TCIF, 30 billion baht for THIF and 21 billion baht for TRIF.
A successful deal would rank as the largest insurance M&A transaction in SEA.
Thai hospitality group Centara has got into an agreement to manage a five-star resort in Maldives, while Energy Absolute Plc will form a joint venture with China’s Shenzen Growatt New Energy Technology and Amita Technologies to set up a plant for making batteries for renewable power systems and electric vehicles…. Read more »
Other investors include 500 Startups and undisclosed strategic investors