Thailand-based RATCH charts out ambitious investment strategy for SEA


Ratchaburi Electricity Generating Holding PLC (RATCH) is in talks with existing and new partners to implement its investment projects, which would be largely focused on the Southeast Asian region. The company expects to sign a memorandum of agreement (MoA) with the Myanmar government and other partners in June for development of a 2,640-megawatt power… Read more »

Thailand-based Bangkok Sheet Metal to launch IPO this year

Thailand based Bangkok Sheet Metal PLC (BM) is preparing to raise funds through an initial public offering (IPO) by selling 200 million ordinary shares with at par value of 0.25 baht apiece. The company is to submit the first filing, to list on the Market for Alternative Investments (MAI), during… Read more »

Movenpick expands in Thailand, opens new hotel

The Swiss hospitality chain, Mövenpick Hotels & Resorts, has expanded its presence in Southeast Asia with the opening of a new hotel in the Bangkok district of Sukhumvit Soi 15. This expands its asset portfolio in Thailand, where it maintains a beach property in Koh Samui and an additional property in Phuket. The… Read more »

Thailand’s Sansiri, BTS form 7 JV firms for developing properties along skytrain routes

Thailand based real estate developer Sansiri PCL announced that it would be setting up seven joint venture companies with BTS Group Holdings towards the development plan for new residential projects, over the next 12 months. Under the Strategic Alliance Framework Agreement, Sansiri and the BTS Group will hold 50 per… Read more »

Exclusive: US-based NatureWorks to decide between Thailand & Malaysia for setting up $200m PLA plant by May-end

After a month’s delay, the board of NatureWorks, the world’s leading supplier of biopolymers, is expected to take a decision regarding the location of its new $200-million polylactic acid (PLA) production plant. The company will decide by the end of this month, between Thailand or Malaysia, for its new production facility… Read more »

Thailand’s industrial estate developer AMATA to launch REIT this year

Amata Corporation (AMATA) plans to raise funds through the initial public offering (IPO) for its first Amata Summit Growth Real Estate Investment Trust (REIT). The IPO that is expected to be worth up to 4.75 billion baht ($144 million), will be formally announced next week, according to the company’s source. The REIT will turn 88 (rental) factories,… Read more »

Thailand’s frozen food wholesaler P-Mart plans $151m IPO in 2017

Thailand’s leading frozen food wholesaler P-Mart Superstore Company expects to raise 5 billion baht ($151.51 million) through an initial public offering (IPO) by 2017. The funds from the IPO will be used  to expand its business in both the domestic, as well as international markets. The company has already appointed Asia Plus Group Holdings… Read more »

Bangchak to acquire minor stake in Canadian Lithium mining firm for $5m

In line with its aggressive acquisition plan, Thailand’s oil refinery Bangchak Petroleum PCL (BCP) has approved the buying of 7 per cent stake in the Canada-based lithium mining operator Western Lithium Corporation for $5 million during middle of this year. The investment would be divided into two tranches of $1.5 million and $3.5 million,… Read more »

Thailand-based WICE Logistics plans to raise up to $9m from Q3 float

International logistics service provider WICE Logistics PCL plans to raise 200-300 million baht ($6 million-9 million) from selling 150 million shares, equivalent to 25 per cent of the total registered capital, through its initial public offering (IPO) by the third quarter of this year. It will offer 142.5 million shares… Read more »

Thailand’s condo developer Origin Property plans IPO in Q3

Origin Property PCL is to sell 180 million shares, equivalent to 30 per cent of total capital with a par value of 0.50 baht, apiece, through its initial public offering (IPO) and expects to start trading on the stock market within the third quarter this year, according to Kasikorn Securities,… Read more »