Back to business

Asset World kicks off Thailand’s first major IPO since election

Food and beverage-to-real estate conglomerate TCC seeks $1.36 billion from a listing of its hospitality and retail business. It could be the first of a series of big listings in Thailand following the belated return of democracy in March.
September 12, 2019

Thai billionaire Charoen Sirivadhanabhakdi is looking to raise as much as Bt42 billion ($1.36 billion) through an initial public offering of its hospitality and retail business amid signs of improved political stability following Thailand's long-delayed general election in March.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

PTTOR prepares to file mammoth IPO

As PTT prepares to spin-off its oil and retail arm, Thai IPOs are shaping up to raise more money in 2019 than in 2017 and 2018 combined.
December 07, 2018

Charoen Pokphand Foods: Turning resilience into an advantage

Charoen Pokphand Foods’ (CPF’s) recognitions in FinanceAsia’s latest “Asia’s Best Companies Poll” reflects a business model built on operational excellence, technological innovation and sustainable growth. As the food industry evolves, the company is demonstrating how long-term resilience can be transformed into competitive advantage.
Charoen Pokphand Foods