Indorama Ventures

Thailand Digest: IVL to seal $1b deals soon; Huawei investing $21.6m in cloud service


Indorama Ventures Pcl expects to close three deals worth around $1 billion by this year end. Huawei Technologies to launch public cloud services in Thailand.

Thai-listed IT firm VCOM to buy out I-Secure for $6m

The move will enable Vintcom to expand into IT and network security business.

Thai beverage maker Osotspa sets price for IPO, aims to raise $463m

The IPO proceeds will be used to expand its overseas operations, including setting up a plant in Myanmar.

Thailand: CPN buys out listed property developer GLAND for $616m

Following the tender offer, CPN will delist GLAND from the Thai bourse.

Logistics startup aCommerce mulls IPO outing by 2020, eyes profits in key markets

To date, aCommerce has received a total of $96.5 million in investment from industry leaders such as KKR’s Emerald Media, BlueSky, DKSH, Inspire Ventures, Sinarmas and NTT Docomo.

Thailand’s Digital Ventures joins AI-based asset manager Pagaya’s $14m series B round

The Series-B funding will help the firm to further develop its proprietary algorithm to enter new data-rich asset classes.

Bangkok Dusit Medical now boasts a $13b empire courtesy ageing population, medical tourism

With a market value of $13 billion, it has surpassed Malaysia’s IHH Healthcare Bhd., to take the mantle of largest developing-nation company in the industry.

ThaiBev tycoon may turn $3.7b realty asset One Bangkok to REIT

One Bangkok is a joint venture between Charoen’s TCC Assets (Thailand) Co. Ltd. and the Thai unit of Singapore affiliate Frasers Property Ltd.

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.