Central Group will acquire a significant non-controlling stake in the Thai entity.
The deal seals a strategic partnership under which the conglomerate will help Grab expand its business in Thailand.
IPOs & Markets
Zen Corporation plans to sell 75 million shares, equivalent to 25% of its registered capital, in an IPO on the Thai stock exchange in the first quarte
Paju operates an liquefied natural gas-fired power with a capacity of 1.8 gigawatts in Paju, Gyeonggi province, South Korea.
Monchai Noosong, president of TOT, said the merger is expected to complete in June and a restructuring should take a few more years to complete.
The deal, conducted through a share swap, is expected to be completed in the second quarter of this year.
This comes after the government last year approved tax incentives for bank mergers to help them better compete with their larger regional rivals.
KTBST product range covers domestic and offshore equities, structured notes, fixed income, mutual funds, algorithmic trading platform and robo-trading
Go-Jek launched the beta version of GET in three Bangkok districts - Chatuchak, Lad Prai and Wang Thong Lang, in December 2018.
Thai startups - live trivia game show app Panya Studios and beauty services booking platform GoWabi - have raised funds.
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