By Chalida Ekvitthayavechnukul
In September last year, Central Group and JD.com had announced two joint ventures for e-commerce and fintech with Provident Capital with an aggregate investment of up to $500 million.
Thailand Future Fund plans to use proceeds from what will be the country’s largest public listing this year to fund infrastructure projects in the country. Initial purchasers include J.P. Morgan Securities Plc and Merrill Lynch.
Indorama Ventures Pcl expects to close three deals worth around $1 billion by this year end. Huawei Technologies to launch public cloud services in Thailand.
The move will enable Vintcom to expand into IT and network security business.
The IPO proceeds will be used to expand its overseas operations, including setting up a plant in Myanmar.
Following the tender offer, CPN will delist GLAND from the Thai bourse.
To date, aCommerce has received a total of $96.5 million in investment from industry leaders such as KKR’s Emerald Media, BlueSky, DKSH, Inspire Ventures, Sinarmas and NTT Docomo.
The Series-B funding will help the firm to further develop its proprietary algorithm to enter new data-rich asset classes.
With a market value of $13 billion, it has surpassed Malaysia’s IHH Healthcare Bhd., to take the mantle of largest developing-nation company in the industry.
One Bangkok is a joint venture between Charoen’s TCC Assets (Thailand) Co. Ltd. and the Thai unit of Singapore affiliate Frasers Property Ltd.