CP scion prepares for bad debt bonanza
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...
Source: bangkokpost.com