Thailand round-up: Delta, Phillip Sec

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Thailand’s investment climate seems to be improving. Delta Electronics (Thailand) is planning to buy R&D business in Europe, while Phillip Securities will be helping three logistic firms with listing at the Stock Exchange of Thailand. Delta in talks to buy EU firm Delta Electronics (Thailand) Plc has allocated the budget of $50… Read more »

Thai adhesive maker plans IPO next year

Selic Corp Company, a basic adhesives manufacturer, today appointed Asset Pro Management to be its financial advisor for listing on the Market for Alternative Investment (MAI) in 2016. Selic’s managing director Ek Suwatthanaphim said that the company plans to submit the filing to the Securities and Exchange Commission in the last quarter… Read more »


Thailand’s IVL withdraws Turkey acquisition

Indorama Ventures Pcl (IVL), an integrated polyester product maker listed in Stock Exchange of Thailand (SET), has withdrawn from the sale and purchase agreement with Haci Ömer Sabanci Holding AŞ to acquire 51 per cent of SASA Polyester Sanayi AŞ (SASA) in Turkey. IVL’s secretary Souvik Roy Chowdhury informed the… Read more »


Thailand’s UWC enters renewable energy biz

Thailand-based Ua Withya Plc (UWC), a listed manufacturer and trader of industrial equipment, is to spend 22 million baht ($0.67 million) on acquiring a 55 per cent stake in Oscar Save The World Company, an operator of 9.9 megawatt biomass power plant. The Board of Capital Engineering Network (CEN), a major… Read more »


Thailand’s CYBER to invest in Japanese realty

Cyberplanet Interactive Plc (CYBER), Thailand’s listed investment holding in real estate and power industry, is exploring the possibility of developing a property project in Niseko city in Hokkaido, Japan, a top executive in the company told reporters. After having done a survey in many cities in Japan, it found that… Read more »


Thailand Deals Roundup: TTA, BGH, GPSC

Thailand based businesses have continues their momentum in the acquisition deals and IPO space, after the holiday season. Thoresen Thai Agencies (TTA) has completed its acquisition in a Singapore-based food company with operations in China, while Singapore-based IHH is looking for an opportunity to penetrate the Thai healthcare industry. A PTT… Read more »


Thailand’s NDR to launch IPO next week

ND Rubber (NDR), Thailand-based motorbike tyre manufacturer, aims to raise 175.5 million baht ($5.32 million) by selling 65 million shares, equivalent to 30.23 per cent of the company, to the public through an initial public offering (IPO). The shares will be sold at 2.7 baht apiece valuing the company that manufactures motorcycle tyres at 580.55 million baht… Read more »


Thailand Dealscape: 2014 ruled by Realty, Food

For Thailand- based business, 2014 was a year of consolidation. Thai participation in accelerated joint ventures, mergers and acquisition (M&A) deals was visible, both in the domestic and the overseas markets – particularly in the Southeast Asia.  Highlights of some mega, game-changing deals from last year: Big fish eat little fish in Thai… Read more »


Exclusive:Thailand’s AJP to invest in energy biz

Asia Joint Panorama Plc (AJP), a Thailand-based, listed digital television operator, is planning to diversify into the renewable energy business. The company plans to increase its capital for this new investment and is also planning to shift it’s listing from Market for Alternative Investment (MAI), to the Stock Exchange of Thailand (SET)… Read more »


Chinese investors flock Thai real estate

The development of AEC (ASEAN Economic Community) is bringing in more than regional co-operation to the SEA (Southeast Asia); for Thailand, it is bringing in some heavy duty Chinese investment, especially in the real estate sector. Thailand is seeing large numbers of Chinese investment in the real estate sector; the Chinese have become one of… Read more »