By Chalida Ekvitthayavechnukul
This marks the second investment of Krungsri Finnovate after its series A round in Finnomena two weeks ago.
Thailand’s Wi Holding and Macau’s China Kingdom Group this week outlining plans to issue virtual tokens that represent equity in the project over the next 6-12 months.
The 650-MW hydropower project will commence operations in 2022.
It will appoint BBL Asset Management as the trustee for TREIT and complete the conversion this year.
Sky Megaplaza Properties is a wholly-owned subsidiary of Hong Kong-based private equity fund Arch Capital’s TRG Asian Partners III
Sunseap has an operating capacity of 93.3 MW of solar power that is set to increase to approximately 182.9 MW .
Other investors in this round include Benchachinda Holdings and 500 TukTuks.
The JVs will focus on e-commerce and financial technology services.
The company plans to fund the acquisitions through its cash reserves.
The company plans to use proceeds largely for debt repayment and capacity expansion.