Thailand’s IRCP to list subsidiary, plans to acquire two firms

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International Research Corporation (IRCP), a Thailand-listed information technology solution provider, is planning to list its subsidiary IT Distribution Co (ITDC) on Thai bourse in the third quarter this year. The company also expects to close two acquisition deals soon. Chief executive Kungval Kusoltammaratana said the company was preparing to submit… Read more »

Thailand’s Singha group plans IPOs for non-alcohol biz

Following the completion of restructuring its businesses, Boon Rawd Brewery Co, Thailand-based holding company and the owner the beer brand ‘Singha‘, is planning to list many of its subsidiaries on the Stock Exchange of Thailand (SET). With the revenue record of more than 100 billion baht ($3.125 billion) a year, Boonrawd Brewery has… Read more »


Thailand based Sea Oil PCL plans to buy upstream biz in March

Thailand-based sea oil and lubricant supplier Sea Oil PCL expects to close a deal to acquire a crude oil exploration and production firm next month. The acquisition would help the firm expand its business upstream, reducing the risk from oil price fluctuation. Managing director Neeracha Panboonhom said that that the company is planning, together… Read more »


Thailand’s mobile phone retailer JMART to acquire two firms in March

Thailand- based mobile phone supplier Jay Mart PCL (JMART) expects to finalise the acquisition of two companies next month. The total budget for these deals is between 500 million-600 million baht ($15.63 million-$18.46 million). One of the companies to be acquired is an electronics-related firm while the profile of the other has not been disclosed;although chief… Read more »


Thailand dealbook: Indorama Ventures, Siam City Cement

One of the world’s largest polyester producers Indorama Ventures PCL is strengthening its global position by planning to acquire more plants, this year. Meanwhile, Swiss-based cement producer Holcim has announced that it will be divesting its investment in Thailand’s cement industry without providing any further details for the same …. Read more »


Exclusive: Thailand’s BTS to diversify into e-biz

Thailand’s mass transit operator BTS Group Holdings (BTS) is planning to seek partners to expand its financial service business. The company is looking to expand the scope of its operations to and e-commerce business, this year. These new initiatives are part of the group’s ongoing restructuring exercise. BTS Group’s current business mainly… Read more »


Thailand’s PTT to invest $5b for Indonesia, US projects

PTT Global Chemical Plc, a petrochemical arm of Thailand based energy group PTT Plc, is planning to invest more than $5 billion in an olefin production plant in Indonesia and a shale gas project in the United States. President and chief executive Supattanapong Punmeechaow said that the company is in talk with… Read more »


Thailand’s Charn Issara plans $31.25m REIT for Sri Panwa

Thailand’s Charn Issara Development PLC is planning to turn the upcoming phase two of its Phuket-based upscale resort property Sri Panwa, into a one-billion-baht ($31.25 million) real estate investment trust (REIT). This will happen after the project is completed by September end, this year. The proceeds from this REIT will be used to invest in developing… Read more »


500 Startups to launch $10m Thailand-dedicated fund

The US- based venture capital 500 Startups is launching a $10 million fund solely dedicated to Thailand. This follows the launch of the $10 million ‘500 Durians’ fund in Asia, last year. The new fund, ‘500 Tuk Tuks’, has been named for the Kingdom’s iconic three-wheel taxi. The fund is yet to be sealed… Read more »


Thailand Dealbook: Asean Potash, Compass East

Thailand’s oldest potash mining company is planning to raise funds on the Thai bourse, after it was granted an approval to run potash mining operations; it will require around 40 billion baht for the investment. Meanwhile, the listed ceiling fan manufacturer has decided to diversify into solar power business through a share acquisition deal…. Read more »