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Japanese IT solution firm TIS to invest in Thai DX business

news Japanese IT solution firm TIS to invest in Thai DX business 共同通信社 © 共同通信社 Japanese IT solution firm TIS Inc. has decided to invest in J Ventures Co., a digital transformation subsidiary of Thailand s Jay Mart Public Co., to expand its business in the Southeast Asian country. Under a capital and business tie-up with J Ventures, TIS, a member of TIS INTEC Group, will develop new businesses, acquire customers and further strengthen its DX platforms in Thailand, the Tokyo-based company said last Friday in a press release. According to a report filed by Jay Mart to the Stock Exchange of Thailand on Feb. 15, TIS will acquire some 2 million or 16.67 percent of J Ventures outstanding shares, with the Thai company increasing its capital from 100 million baht ($3 million) to 120 million baht. A TIS official said the company will implement the investment on Thursday.

Price for OR listing fixed at B16-18

A sign at PTT s headquarters on Vibhavadi Rangsit Road. OR shares will be listed on the Stock Exchange of Thailand on Feb 10. WICHAN CHAROENKIATPAKUL PTT Oil and Retail Business Plc (OR) has priced its initial public offering (IPO) at 16-18 baht, which will be offered to retail investors from Jan 24 to Feb 2 and institutional investors from Feb 3-5, according to the company s filing with the Securities and Exchange Commission (SEC). For PTT shareholders, subscriptions are available during Jan 25-28. At the offer price of 16-18 baht per share, the price-to-earnings ratio (P/E) stands at 23.9-26.9 times, relatively lower than other international and domestic companies with similar businesses that have an average P/E of 31.7 times.

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