Thailand listed IFEC takeovers wind-energy operator SGC for $10m

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Thailand-based wind power plant operator Inter Far East Wind International (IWIND), a subsidiary of Inter Far East Engineering PCL (IFEC), has acquired all the ordinary shares in SGC Wind Energy Company for 330 million baht (approx. $10 million). SGC has a registered and paid-up capital of 250 million shares and IWIND… Read more »

Thailand’s COL to spend $15m on JVs with digital content operators

Thailand’s leading online business firm COL Public Company Limited has allocated the budget of 800 million baht for investment this year, of which 500 million baht (around $15 million) will be used for making joint ventures in new businesses. Worawut Oonjai, chief executive of COL, said that it would like to… Read more »


Thailand’s Berli Jucker to acquire consumer-goods producer for $30m

Thailand’s listed retail and trading firm Berli Jucker PCL (BJC) expects to close one acquisition deal valued at 1 billion baht ($30 million approximately), in Thailand by the third quarter of this year. It is also negotiating to acquire a few companies both in the country and abroad. BJC’s investor relation officer… Read more »


King Telecom set to launch IPO next year

King Telecom, Thailand’s supplier and service provider for computer and telecommunication equipment, has appointed AEC Securities as the financial advisor for its initial public offering (IPO), which is expected to launch in the early 2016. King Telecom’s chairman Seree Julasaksrisakul said that the company plans to list in the Market for… Read more »


Thailand’s duck meat producer Bangkok Ranch plans IPO in Q3

Thailand based duck meat producer Bangkok Ranch Group (BR) is expected to offer 228 million shares – 25 per cent of its paid-up registered capital – in an initial public offering (IPO) on the Stock Exchange of Thailand in the third quarter of this year. It has appointed Siam Commercial Bank… Read more »


Thailand’s AP sells stake in subsidiaries to SG-based MJRI for $13.76m

Property developer AP (Thailand) PCL ‘s board has approved sale of stakes in two of its subsidiaries to Singapore-based MJR Investment Pte Ltd (MJRI), which is an investment arm of Japan’s Mitsubishi Estate Group, for 460.8 million baht ($13.76 million). The deal is part of the their joint venture strategy to develop the condominium projects in… Read more »


Thailand based B Grimm Power to raise $300m via IPO next year

B Grimm Power Limited, a leading small power producer (SPP) in Thailand and a subsidiary of the B Grimm Group, plans to raise 10 billion baht (around $300 million) through its initial public offering (IPO) during the second quarter of next year. Preeyanart Soontornwata, president of B Grimm Power Limited, said that the… Read more »


Japanese firms to acquire more stake in Thailand’s TV Direct

Japanese firms Fuji Media Holdings Inc and Itochu Corporation, which hold 4.86 per cent stake in the Thailand-based TV shopping programme operator TV Direct PCL (TVD), have expressed their interest in increasing their shareholding in the Thai company.  The deal is expected to be finalised in the beginning of third quarter, said TVD’s chief… Read more »


Thailand’s Impact Growth REIT to acquire four assets next year

IMPACT Growth Real Estate Investment Trust (Impact Growth REIT) has postponed its plan to buy four more assets worth around 3 billion baht ($90.9 million), to next year. Previously, it had planned to transfer the assets – Novotel Bangkok Impact Hotel, an indoor parking, Geneva Industry Condominium and Beehive Lifestyle Mall –… Read more »


Thailand’s Krungthai Bank sells its stake in TNITY to Nitipon Clinic founder

Krungthai Bank, the major shareholder of Trinity Watthana PCL (TNITY) has sold out its entire 19.44 per cent stake in TNITY to Dr Nitipon Chaisakulchai, the founder of Nitipon Clinic. Upon the completion of the divestment, Chaisakulchai will become the major shareholder of the investment firm. Other shareholders include, Com-Link… Read more »