Bunyong Visatemongkolchai News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CP scion prepares for bad debt bonanza
12
published :
6 Jul 2021 at 10:22
Schwin Chiaravanont (Photo supplied)
Just three months after the government threw a 350 billion baht lifeline to businesses struggling to survive the pandemic, a scion of Thailand’s wealthiest business dynasty is betting the bailout won’t be enough to stanch a deluge of distressed assets.
Schwin Chiaravanont  whose family controls the 100-year-old Charoen Pokphand Group is planning to raise $500 million for his flagship private-equity venture 9 Basil, which aims to use most of the new money to step up purchases of distressed assets. The fund is positioning itself to benefit from bad loans soaring from a 16-year high as the Thai economy battles its worst recession since the Asian crisis of the late 1990s. ....

Krung Thep Mahanakhon , Rathanon Fookiat , Bunyong Visatemongkolchai , Schwin Chiaravanont , Cp Group , Fitch Ratings , Charoen Pokphand Group , Ngern Tid Lor Plc , Cp Group Co , University Of North Carolina At Chapel Hill , Bangkok Commercial Asset Management Plc , Alpha Capital Asset Management Co , Federation Of Thai , Charoen Pokphand , Co Vice Chairman Wallop Chiaravanont , Bangkok Commercial Asset Management , Southeast Asian , Bangkok Commercial Asset , North Carolina , Chapel Hill , Bloomberg News , சிப் குழு , ஃபிட்ச் ரேடிஂக்ஸ் , பல்கலைக்கழகம் ஆஃப் வடக்கு கரோலினா இல் தேவாலயம் மலை , பாங்காக் வணிகரீதியானது சொத்து மேலாண்மை ப்ல் , கூட்டமைப்பு ஆஃப் தாய் ,