Thailand’s SHREIT to invest $177m in two hotels in ASEAN


The deals will raise its assets under management to 10 billion baht, making it the country’s largest hotel REIT so far.

Singtel-backed Advanced, Total Access win Thai mobile licenses for $754m

The permit will help Telenor ASA-backed Total Access Communication ensure continuity of service as some of the operator’s concessions expire in September.

ThaiBev taps baht bond market with $2b offering, to refinance Sabeco acquisition debt

Proceeds will refinance $5-billion bridge loans backing ThaiBev’s $4.84-billion acquisition of a 53.59% stake in Vietnam’s Sabeco.

Thailand: Krungsri Finnovate invests in Japan’s SBI AI & Blockchain Fund

Krungsri Finnovate has directly invested in two fintech startups (Omise and Finnomena) and one proptech startup (Baania).

Thai power producer EGCO in talks to acquire overseas assets

The acquisition plans follow its divestment of 49% stake worth $850 million in Masinloc Power Partners Ltd.

Thai e-commerce enabler Sokochan to expand to Malaysia via JV

In July, Sokochan had raised a six-figure USD pre-Series A round, a strategic investment from Thailand-listed Begistics PCL.

Thai condom maker to acquire Box Asia Group

Thai Nippon Rubber Industry Pcl, is acquiring Box Asia Group International Co, a paper boxes manufacturer.

Thai Digest: Delta to take over local listed firm; IVL to acquire French plant

Indorama Ventures is to acquire the plastic recycling plant in France to strengthen its recycling business in Europe.

Thailand’s Minor International says Hyatt’s counteroffer for NH Hotel comes too late

Including a planned purchase of 8.4 percent of NH Hotel from HNA Group Co., Bangkok-based Minor is on course to own 44 percent of the Madrid-based firm.

Asia Digest: Grab launches new services in Thailand; Revolution Precrafted clinches Spain deal

Grab said it is introducing GrabExpress, GrabMart, and GrabFresh to local users in Thailand.