News Release | 11 February 2021
BANGKOK, THAILAND (11 February 2021) The Asian Development Bank (ADB) and Energy Absolute Public Company Limited (Energy Absolute) signed a 1.5 billion Thai baht ($47.62 million) green loan to finance ongoing renewable energy projects and a countrywide electric vehicle charging network in Thailand.
The loan will finance the Nakornsawan Solar and Hanuman Wind power plants, and deploy fast and standard chargers at charging stations across Thailand. Thailand aims to be a regional leader in electric vehicles to reduce greenhouse gas emissions from conventional transportation, which currently accounts for around 26% of the country’s total annual emissions.
“ADB aims to increase awareness of green financing by continuing to support Thailand’s renewable energy sector and investing in the electrification and decarbonization of its transport sector,” said ADB Private Sector Operations Department Infrastructure Finance Division Director for East
Thai Beverage
is preparing to take its brewery business public on the Singapore Exchange in
an IPO that could raise over US$2 billion. The firm behind Chang Beer is one of
Thailand’s largest conglomerates and the IPO represents a stark contrast as the
country’s economy struggles with the impacts of the pandemic and rising wealth
inequality.
Editorial
Drinks
conglomerate Thai Beverage has announced that it will list its brewery business
on the Singapore Exchange, in what would be the biggest initial public offering
(IPO) on the market in 10 years.
The company
produces Chang Beer and Sangsom rum, as well as Vietnam’s 333 and Saigon beers
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BANGKOK (Reuters) - Shares in Thailand s PTT Oil and Retail Business Pcl on Thursday opened nearly 50% above the initial public offer (IPO) price, in one of the country s largest listings this year.
PTT Oil and Retail Business is a unit of state-owned oil and gas giant PTT Pcl and its shares reached nearly 27 baht, or 50% above the top-end of its IPO price of 18 baht, compared with an overall 0.7% decline in the index. Shares were oversubscribed by many times and above expectations. with over 530,000 retail investors, chief executive Jiraporn Kaosawad said at an event at the Stock Exchange of Thailand.
SF Holding to buy KLN stake
published : 11 Feb 2021 at 04:00
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SET-listed Kerry Express Thailand (KEX) says Chinese logistics giant SF Holding s intention to buy a 51.8% stake in Hong Kong-listed Kerry Logistics Network (KLN), the parent firm of KEX s major shareholder KLN Logistics Thailand, shows SF is gearing up to expand its footprint in Asia.
Kerry Express notified the Stock Exchange of Thailand of SF Holding s move yesterday.
Kerry Express Thailand chief executive Alex Ng said the acquisition has yet to take place. However, this may reflect SF Holding s strong determination to expand its overseas market reach, particularly in Asia, Mr Ng said.
PTT retail arm surges in stock debut
published : 11 Feb 2021 at 18:20
7 SET President Pakorn Peetathawatchai (centre left) and SET senior executive vice-president Manpong Senanarong (third from left) congratulate PTT Oil and Retail Business Plc (OR) on its first trading day. Representing the company is Auttapol Rerkpiboon (centre right), president and chief executive officer of PTT Plc. (Stock Exchange of Thailand photo)
PTT Oil & Retail Business Plc, the retail unit of PTT Plc, jumped in its trading debut after raising about 54 billion baht in the country’s biggest initial public offering in almost a year.
Shares surged 63% to close at 29.25 baht in Bangkok, ranking the debut as the best on record for an IPO raising more than $500 million, according to data compiled by Bloomberg.