Oversea private funds looking to acquire Suppipat’s WEH stake?


Private funds from the United States and Singapore are likely to buyout the entire stake that chairman Nopporn Suppipat owns in Thailand-based  Wind Energy Holding (WEH), said a source with direct knowledge of the development. This executive also declined to be named. Suppipat, who owns the majority stake of 75-per-cent in the… Read more »

Ardent Capital, other VCs invests in Thailand’s coworking space Hubba

Ardent Capital, along with other venture capital firms including Golden Gate Ventures and 500 Startups, have invested an undisclosed amount in Thailand’s top coworking space and community builder Hubba. The main objective of this funding round is help Hubba strengthen its current position as Thailand’s leading start-up community builder while… Read more »

Thai pottery maker Home Pottery set to launch IPO in June

Thailand’s premium pottery manufacturer Home Pottery PCL (HPT) has submitted the first filing to the Securities and Exchange Commission (SEC) to offer 120 million shares in its initial public offering (IPO) this month. With a registered capital of 130 million baht, it has divided into 520 million shares at the par… Read more »

Thailand Realty Dealbook: MAJOR forms JV with Danya Cebus; Ananda to list subsidiary

The trend of joint ventures between Thailand based real estate firms and international firms continues  with Major Development joining hand with Danya Cebus. Meanwhile, Ananda Development PCL plans to list its subsidiary on the Thai bourse in the next two years. Thailand’s MAJOR forms JV with Danya Cebus focusing in SE Asia Thailand’s residential… Read more »

Exclusive: Major shareholder of SINGER Thailand disposes all its shares

SINGER (Thailand) BV, the major shareholder of Thailand’s listed home-appliance distributor SINGER (Thailand) PCL, has sold its entire 108 million shares, equivalent to 40 per cent of the company’s capital, to undisclosed companies for 1.512 billion baht ($45 million). This big lot has been traded at the price of 14 baht per… Read more »

Thailand’s PTT asks govt to acquire stake in petroleum fields

PTT PLC, Thailand-based energy conglomerate, has proposed to the country’s Finance Ministry that the government should acquire a majority stake in Erawan and Bonggot petroleum fields, before the concessions expires in 2022-23. Meanwhile, PTT plans to continue being the explorer and producer for both the fields. Earlier, the government had proposed setting up of a new national… Read more »

Thailand-based TRC to form JV with China’s Sinopec to tap into ASEAN

Thailand’s oil and gas turnkey TRC Construction is in talks with Chinese oil and gas firm Sinopec Limited to form a joint venture firm to get more construction projects in ASEAN. TRC’s chief executive officer Pasit Leesakul said the companies could conclude the deal by the end of this year. “ASEAN has… Read more »

Thailand-based EPG to buy auto-part maker in China for $15m

Thailand-based synthetic rubber and plastic products maker Eastern Polymer Group (EPG) plans to take over an auto-part manufacturing business in China for around 500 million baht ($15.15 million) in the third quarter. Once the deal is finalised, EPG will become one of the world’s leading plastic auto-part makers. “We are interested… Read more »

Outrigger Resorts acquires and rebrands Akaryn Koh Samui

Outrigger Resorts has acquired the Akaryn Koh Samui Resort and Spa, based in Koh Samui island in the Gulf of Thailand. Formerly owned by the Bangkok-based AHMS Hotels under the Akaryn brand, it has been rebranded it as the Outrigger Koh Samui Beach Resort. Financial details of the acquisition are undisclosed Outrigger has retained most of the staff at the… Read more »

Thailand based Amata’s REIT set to launch and list in June

Amata Summit Growth Real Estate Investment Trust (AMATAR), the first REIT of Thailand’s leading industrial estate developer Amata Group, will be launched this month and is scheduled to start trading on the Stock Exchange of Thailand. “We are now working on the book building after we have finished our road show last week… Read more »