Thailand: Shareholders approve Dusit Bangkok Hotel’s $1.06b redevelopment


The project is in partnership with Thai retail developer Central Pattana Pcl

Thailand: Krungsri launches $30m VC fund to invest in fintech firms

Its target is to invest in fintech startups that have potential to be unicorns.

Thailand: Prima Marine, The Klinique to tap IPO market

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 »

Thai-listed BCPG to pick 33.3% in Indonesia’s Star Energy

Both companies expect to enter into the transaction in the second quarter of this year.

Exclusive: Expara mandated manager for Thai GSB’s SMEs trust fund

This is the third SMEs Private Equity Trust Fund to be launched in Thailand.

Thailand: Food Capitals acquires two restaurant operators for $11.6m

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.

Thailand: TCC Group makes tender offer to fully buy three property funds

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.

Thailand: Siam Commercial in exclusive talks with FWD to sell insurance arm for $3b

A successful deal would rank as the largest insurance M&A transaction in SEA.

Thai Digest: Centara to manage Maldives resort; Energy Absolute forms JV

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 »

Thai rental platform FavStay gets $2.88m led by existing investor Dusit

Other investors include 500 Startups and undisclosed strategic investors