By Kit Yin Boey
Proceeds will refinance $5-billion bridge loans backing ThaiBev’s $4.84-billion acquisition of a 53.59% stake in Vietnam’s Sabeco.
Krungsri Finnovate has directly invested in two fintech startups (Omise and Finnomena) and one proptech startup (Baania).
The acquisition plans follow its divestment of 49% stake worth $850 million in Masinloc Power Partners Ltd.
In July, Sokochan had raised a six-figure USD pre-Series A round, a strategic investment from Thailand-listed Begistics PCL.
Thai Nippon Rubber Industry Pcl, is acquiring Box Asia Group International Co, a paper boxes manufacturer.
Indorama Ventures is to acquire the plastic recycling plant in France to strengthen its recycling business in Europe.
Including a planned purchase of 8.4 percent of NH Hotel from HNA Group Co., Bangkok-based Minor is on course to own 44 percent of the Madrid-based firm.
Grab said it is introducing GrabExpress, GrabMart, and GrabFresh to local users in Thailand.
TMBAM is the fifth-largest asset manager in Thailand with $13.15 billion of assets under management.
The two Japanese automakers are looking to produce hybrid electric vehicles and batteries.