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The hype is real after Flash Group, which provides Flash Express e-commerce logistics services, was heralded as the first Thai unicorn following its latest funding round, offering hope for others following in its footsteps. ....
SET-listed Gulf Energy Development, Thailand's biggest private power producer by market value, says it may consider making a tender offer for the country's biggest mobile operator Advanced Info Service's (AIS) shares on the same day it does with the carrier's major shareholder InTouch Holdings. ....
Media & TelecomGulf Energy offers $5.4 bln for telco in second-largest Thai deal ReutersPatpicha Tanakasempipat 4 minutes read Gulf Energy Development (GULF.BK), Thailand s biggest power producer run by billionaire Sarath Ratanavadi, offered a $5.4 billion bid on Monday for Intouch Holdings (INTUCH.BK), which controls the country s top mobile phone operator AIS. The 65 baht ($2.08) 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 $10.6 billion sale of its local operations last year, Dealogic data showed. ....
Gulf prepares funding for InTouch bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.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. ....