Mos Food had terminated its initial local partnership in 2016 after seeing only six outlets survive since launching in Thailand in 2007.
Following the deal, both players will enjoy over 70 per cent market share of the country’s OOH advertising industry pegged at $377.76 million.
This is the first Series C investment by the venture capital arm of Thailand's Siam Commercial Bank.
As part of this development, Dusit Thani has ended its 49-year-old Dusit Thani Bangkok on Silom road in January this year.
Prinx Chengshan is the latest foreign investor in Thailand's Eastern Economic Corridor, part of a government policy to attract foreign investment.
The startup aims to tap international investors for financing after the Bank of Thailand relaxed foreign ownership rules in the financial services sec
FWD and Siam Commercial have entered into exclusive negotiations to finalize terms of a transaction. The business could be valued at around $3 billion
Murphy Oil, which has been in Malaysia for two decades, would exit the country after the sale of its Sabah Oil and Sarawak Oil units in an all-cash de
Investors in the latest round include VGI Global Media, a Thai O2O solutions provider, and Tokyo Century Corporation.
The fund will seek opportunities to invest in high potential companies, focusing on games and technology.
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