By Suttinee Yuvejwattana
The long-delayed Future Fund was due for an initial public offering by March last year under an earlier timeline.
The deal marks a foray into Thailand for Manila Water, a subsidiary of the Philippines’ oldest conglomerate Ayala Corporation.
SCB Abacus, has wooed about 30 Thai technology experts from companies abroad to work on projects like the robo-adviser.
They are also banned from allowing clients to use credit cards to buy cryptocurrency.
The financial products comparison site has raised the fresh round from existing backer Thai conglomerate B.Grimm and a new investor, which is a European VC fund.
Construction has already begun and Superblock’s chairman expects the sites to be operating by 2020.
This is the fifth deal made by Lakeshore Capital Fund I.
Thai listed industrial park developer Rojana Industrial Park is looking to sell all its shares in Ticon Industrial Connection to Fraser Assets.
The Eastern Economic Corridor (EEC) bill is the latest in a series of measures the junta is rolling out to spur investment in the Thai economy.
The deal is Thailand’s biggest ever land deal.