Thailand

Thai bourse targets 40% market cap growth by 2023, fuelled by IPOs

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The IPO pipeline in Thailand is hotting up with family-owned sports drink giant Osotspa and a $3-billion government infrastructure fund both expected to list this year.

Thai PTT to buy Engie’s Glow Energy in deal that could be worth over $4b

PTT unit said it will first pay $2.98 billion for Engie’s 69% stake in Glow before launching a tender offer for the remaining shares.


AECS Thailand invests in Singapore-based healthcare startup GetDoc

The joint venture deal was part of GetDoc’s plan to expand into Thailand.


Thailand’s PTT to acquire power generating firm Glow for $3b

The proposed acquisition will be done via PTT’s power and utilities arm Global Power Synergy.


Thailand: Minor International confident of acquiring Spain’s NH Hotels, says CEO

The Thai company has agreed to buy from China’s HNA, NH’s biggest shareholder, a 26.5% stake.


Thai-focused micro-fund 500 TukTuks to raise $20m for second vehicle

Fund II is said to have backing of large Thai firms including TCP Group, Central Group, Saha Pathana and others,


Guest Post | Why JD.com and Thailand’s Central might not succeed as partners

From initial plans to launch in May 2018, the JV has delayed its full launch to August 2018. Is this a sign that this ambitious partnership is off to a rocky start?


500 TukTuks-backed Thai culinary startup Cookly closes pre-Series A

The startup is also looking to close its Series A round by early next year or sooner.


IFC invests $60m in green bonds issued by Thai lender TMB

The subscription forms part of IFC’s proposed $150-million financing in the Bangkok-based bank.


Creative Ventures nears first close for $50m second deep tech fund

The second fund would make seed stage investments in deep tech companies based in the US.