Siam Cement Group sells 49% stake in packaging unit to Japan’s Toppan

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This move is part of a planned restructuring of its rigid plastic packaging business.

People Digest: BlackRock appoints China head; LINE’s Thailand MD steps down

Global asset manager BlackRock Inc has appointed veteran finance executive Tony Tang to head its China operations.


Thai energy giant Bangchak invests in California’s EV battery firm

The company had earlier indicated that it would allocate a budget of over 300 million baht ($9.5 million) to invest in startups globally.


SET-listed Sino-Thai Engineering to acquire Mo Chit Land for $136m

STEC also approved the development of a $245-million office project on Mo Chit Land plots in Bangkok.


Thai property firm All Inspire targets to raise up to $33m in IPO

The IPO proceeds will be used to develop new real estate projects, pay down debt and meet working capital requirements.


Thailand Digest: Mos Food Thailand sells 74.3% stake; MINT expands The Coffee Club in Vietnam via JV

Mos Food had terminated its initial local partnership in 2016 after seeing only six outlets survive since launching in Thailand in 2007.


Thai O2O services provider VGI acquires 18.6% stake in rival PLANB

Following the deal, both players will enjoy over 70 per cent market share of the country’s OOH advertising industry pegged at $377.76 million. 


Digital Ventures backs Israeli fintech startup Pagaya’s $25m Series C

This is the first Series C investment by the venture capital arm of Thailand’s Siam Commercial Bank.


Thai hotelier Dusit, Central Pattana to invest $1.16b in Bangkok mixed-use project

As part of this development, Dusit Thani has ended its 49-year-old Dusit Thani Bangkok on Silom road in January this year.


Chinese tyre maker Prinx Chengshan to invest $318m in first Thai plant

Prinx Chengshan is the latest foreign investor in Thailand’s Eastern Economic Corridor, part of a government policy to attract foreign investment.