Thai Beverage Public Company Limited is set to revive the initial public offering of its brewery unit in Singapore after shelving the planned first-time share sale twice due to Covid-19, according to people with knowledge of the matter.
Thailand s Asset World Corporation Pcl said on Monday it expects luxury travel to be one of the first sectors to recover as the country s tourism sector revives, confirming plans to double its.
Thailand's Asset World Corporation Pcl (AWC) said on Monday it expects luxury travel to be one of the first sectors to recover as the country's tourism sector revives, confirming plans to double its number of hotel rooms to 10,000 by 2026.
Thailand’s PTT buys $453 mn stake in India’s Avaada Energy Daily News (via HT Media Ltd.)
Global Power Synergy Pcl, the listed power unit of Thailand’s state-owned PTT Group, has acquired a stake in Indian renewable energy provider Avaada Energy Pvt for about 14.8 billion baht ($453 million).
Global Power completed the purchase of about 41.6% stake in Avaada through subscription of new shares, the company said in a statement late Tuesday, confirming an earlier Bloomberg News report. The transaction aligns with the firm’s international growth strategy in renewable energy, it said.
The deal comes within days of PTT Global Chemical Pcl, another of PTT Group’s listed units, agreeing to acquire Allnex Holding GmbH, a European specialty chemicals maker owned by private equity firm Advent International, for 4 billion euros ($4.75 billion). PTT Global’s Allnex purchase could be the biggest overseas acquisition by a Thai company since Thai Beverage Pcl’s tak