By Chayut Setboonsarng
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.
Upon completion of the deal, the two firms – Dyna Packs and Orient Containers – will become wholly owned subsidiaries of Thai Containers Group.
Shell had in October cancelled a $900 million agreement to sell the same gas field stakes to Kuwait Foreign Petroleum Exploration Company (KUFPEC).
The project is estimated to cost around $4.5 billion.
GRAND will further seek to acquire the remaining 32% stake in ROH from existing shareholders for 1.23 billion baht ($39 million).
It has hired KT Zmico Securities as a financial advisor to help divest stakes in high-value entities.
This acquisition, which is scheduled to be completed in the first half of this year, will help Malee expand its business in Vietnam market.
It targets to have the project orders worth 8 billion baht ($251.4 million) before launching the IPO.
The portfolio for sale consists of four hotels in Phuket and one each in Bangkok, Hua Hin and Koh Samui, with an indicative price of $230,000 per key.