Thailand's 9 Basil to continue backing Alpha Capital, targets IPO in 2022

Bangkok-based 9 Basil, an independent funds management business, has announced plans to continue backing its investee company Alpha Capital and position it for an IPO in 2022.

9 Basil will continue to allocate capital to the distressed debt management platform, and aim to make it the largest independent asset management company in Thailand, according to a press statement. 9 Basil first acquired its stake in Alpha Capital in 2019.

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