Thai property developer Chaopraya Mahanakorn eyes $22.74m via IPO

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The firm intends to use the IPO proceeds for new condominium projects, acquiring land plots, loan repayment and working capital.

Thai petrochemical firm IRPC invests $19.4m in Chinese plastic trading platform

IRPC has also set up a joint venture with the Chinese firm in Thailand with a total registered capital of 120 million baht ($3.62 million).


CP Group-led consortium to bid for $6.8b Thai high-speed rail project

The global consortium includes CITIC Group, Siemens, Hyundai, Bangkok Expressway and Metro, Italian-Thai Development PCL, Thailand’s CH Karnchang PCL and Japan Overseas Infrastructure Investment Corp for Transport & Urban Development.


Thai businessman to buy Fortune magazine for $150m

Chatchaval Jiaravanon, an owner of the Charoen Pokphand Group conglomerate, will own Fortune in a personal capacity.


Thailand’s Bumrungrad Hospital invests $3m in medical app iDoctor

Bumrungrad Hospital Pcl, a Thai listed private hospital, will pick up a 30% stake in Singapore-based medical app developer iDoctor Pte Ltd.


Thai-listed Indorama Ventures to buy out Brazilian firm

The acquisition will help IVL establish capacity in Brazil, giving it a presence in South America’s largest economy.


AirAsia X appoints new group CEO, co-founders take a backseat

Air Asia X’s co-founders Kamarudin Meranun and Tony Fernandes have been redesignated as non-executive directors.


Thai asset manager BAM said to plan raising $700m in Bangkok IPO

The Thai central bank plans to reduce its stake in BAM to less than 50% through the share sale, down from 100% currently.


Thailand Future Fund shares up on market debut

TFFIF raised $1.3 billion via its initial public offering earlier this month, making it the largest IPO in Thailand and SE Asia this year in terms of subscription volume.