By Chalida Ekvitthayavechnukul
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.
The move will enable Vintcom to expand into IT and network security business.
The IPO proceeds will be used to expand its overseas operations, including setting up a plant in Myanmar.
Following the tender offer, CPN will delist GLAND from the Thai bourse.
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.
The Series-B funding will help the firm to further develop its proprietary algorithm to enter new data-rich asset classes.
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.
One Bangkok is a joint venture between Charoen’s TCC Assets (Thailand) Co. Ltd. and the Thai unit of Singapore affiliate Frasers Property Ltd.
The deals will raise its assets under management to 10 billion baht, making it the country’s largest hotel REIT so far.
The permit will help Telenor ASA-backed Total Access Communication ensure continuity of service as some of the operator’s concessions expire in September.