Thailand power producer Gulf Energy makes $5 4b bid for control of Intouch dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
20 Apr 2021 / 00:47 H. Customers waiting for service at an AIS shop in Bangkok. – REUTERSPIX
BANGKOK: Gulf Energy Development, Thailand s biggest power producer run by billionaire Sarath Ratanavadi, offered a US$5.4 billion (RM22.27 billion) bid on Monday for Intouch Holdings, which controls the country s top mobile phone operator, Advanced Info Service (AIS).
The 65 baht (RM8.58) per share offer for the 81.1% shares of Intouch that Gulf doesn t already own, represents an 11% premium to Intouch s close on Friday. Intouch stock rose as much as 9% on Monday to 63.75 baht and closed at 63 baht.
The acquisition, if successful, will be Thailand s second-biggest ever intra-country deal after Tesco s US$10.6 billion sale of its local operations last year, Dealogic data showed.
March 15, 2021, by Nadja Skopljak
Chinese power cable specialist Orient Cable is about to send off the submarine cables for phase one of the Binh Dai offshore wind project in Vietnam.
The company loaded the cables onto the installation barge at Ningbo Orient Cable’s port, which is ready to sail towards the Binh Dai Province in Vietnam. The installation team is already in Vietnam.
Orient Cable secured the EPCI contract for the wind farm in September 2020, under which it is in charge of providing and installing 185 kilometres of 35 kV subsea cable system.
This is Orient Cable’s first contract of its kind in Vietnam.
Prawit in PPRP driver s seat
11
Likely picks for two cabinet posts show deputy PM flexing muscles
published : 13 Mar 2021 at 07:00
11 Opposition’s options: Key opposition figures, including Move Forward Party leader Pita Limjaroenrak, fourth from left, and Pheu Thai leader Sompong Amornvivat, third from left, meet yesterday at Pheu Thai’s head office to discuss their next move after the Constitutional Court ruled that a public referendum must be held before parliament draws up a new charter. (Photo by Apichart Jinakul)
The upcoming cabinet reshuffle involving the ruling Palang Pracharath Party (PPRP) is said to have been finalised with PPRP MP for Sa Kaeo Trinuch Thienthong and list MP Chaiwut Thanakhamanusorn strongly tipped to fill two vacant seats at the Education Ministry and the Digital Economy and Society (DES) Ministry.
A power plant owned by Gulf Energy Development PLC in Thailand. Photo gulf.co.th
HANOI (Vietnam News/ANN): Data from the Ministry of Planning and Investment showed that Thailand had 40 new registered projects, 23 projects registering for capital adjustment and 100 capital contribution and share purchases in Vietnam with total registered capital of nearly US$1.8 billion last year.
This number was more than double compared to 2019 and nearly seven times compared to the 2015-20 period.
Thailand currently is one of the nine largest investors in Vietnam with a total accumulated investment capital of $12.8 billion by the end of last year, equivalent to 603 projects.