By Chalida Ekvitthayavechnukul
The firm intends to use the IPO proceeds for new condominium projects, acquiring land plots, loan repayment and working capital.
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).
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.
Chatchaval Jiaravanon, an owner of the Charoen Pokphand Group conglomerate, will own Fortune in a personal capacity.
Bumrungrad Hospital Pcl, a Thai listed private hospital, will pick up a 30% stake in Singapore-based medical app developer iDoctor Pte Ltd.
Grab bags Thai e-money licence.
The acquisition will help IVL establish capacity in Brazil, giving it a presence in South America’s largest economy.
Air Asia X’s co-founders Kamarudin Meranun and Tony Fernandes have been redesignated as non-executive directors.
The Thai central bank plans to reduce its stake in BAM to less than 50% through the share sale, down from 100% currently.
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.