Weerawong C&P advised Key Safety Systems Inc. in its acquisition of the Takata Corporation assets and operations in Thailand. Key Safety Systems acquired Takata’s global assets through coordinated restructuring proceedings and equity acquisitions. The deal closed in April 2018.

The team led by Panuwat Chalongkuamdee, Partner, included Akeviboon Rungreungthanya, Senior Associate and associates Peerasak Sukpisit and Visit Phromsiripong.
 

Weerawong C&P represented Rexel Group, a leader in the distribution of electrical equipment and services for the construction, renovation and maintenance of buildings and infrastructures, in the sale of its operations in South East Asia to American Industrial Acquisition Corporation Group (AIAC), a private equity firm.

The transaction included assets in Thailand, Indonesia, Singapore, Vietnam, the Philippines, Macau and Malaysia. The deal valued at Euro 136 million closed in December 2017.

The Weerawong C&P team was led by Panuwat Chalongkuamdee, Partner and Chositar Daecharux, Associate.
 

Weerawong C&P represented PTT Global Chemical Public Company Limited (PTTGC), PTT Group’s petrochemical flagship company, in a joint venture (JV) with two Japanese companies. The JV with Kuraray Co., Ltd. (Tokyo) and Sumitomo Corporation (Tokyo) was established for the manufacture and sale of butadiene derivatives. The deal closed in March 2018.

The Weerawong C&P team was led by Panuwat Chalongkuamdee, Partner and Peerapat Kumpayorm, Associate.
 

Weerawong C&P represented PTT Exploration and Production Public Company Limited (PTTEP) in the assignment and transfer of a 22.22% stake in Bongkot Project blocks 15, 16, 17 and  G12/48 from Shell Integrated Gas Thailand Pte. Limited and Thai Energy Company Limited. The transaction valued at USD 750 million closed in January 2018.

The Weerawong C&P team was led by Panuwat Chalongkuamdee, Partner and Pitchapa Tiamsuttikarn, Associate.
 

Weerawong C&P advised Jasmine International Public Company Limited (JAS), a leading telecommunications company in Thailand, on its divestment of a percentage of its units in Jasmine Broadband Internet Infrastructure Fund (JASIF). The transaction valued at THB 5.67 billion (USD 177 million) closed on 16 May 2018.

The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner included Trinuch Chuenchomlada, Senior Associate and Thitawan Thanasombatpaisarn, Associate.
 

Weerawong C&P acted as counsel for Total Access Communication Public Company Limited (“dtac”) and its subsidiaries, dtac Trinet Co., Ltd. and TeleAssets Company Limited, leading mobile service providers in Thailand, in relation to the lease of 2300 MHz network device and equipment by TeleAssets Company Limited to TOT Public Company Limited as well as the 2300 MHz network domestic roaming service by dtac Trinet Co., Ltd. with TOT. 

Entering into this transaction will give dtac an opportunity to increase income from its ability to receive domestic roaming service fees from TOT for the provision of services to its customers, which will enhance the confidence and service experience for customers, as well as the competitiveness of dtac.

The deal is a major breakthrough for Thailand’s digital infrastructure in order to materialize the Government of Thailand's vision of Thailand 4.0. This collaboration between dtac and TOT will also serve the rapid growth of the number of Thailand’s mobile users and stimulate a long-term business opportunity for TOT.

The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner included Senior Associates Chumpicha Vivitasevi and Sappawit Jansuparerg, and Associate Parithat Chamnongsilp.
 

Weerawong C&P represented PTT Public Company Limitedin the purchase of ordinary shares of IRPC Public Company Limited from theGovernment Savings Bank on the Stock Exchange ofThailand. The transaction valued at THB 13,845 million (approximately USD 440million) closed on 21 February 2018.

The Weerawong C&P team was led by Veeranuch Thammavaranucupt,Senior Partner and Poonsook Pornpathananangoon, Senior Associate.

Weerawong C&P represented Wind Energy Holding Co., Ltd. (WEH) and its project companies in the THB 37 billion (approximately USD 1.15 billion) financing from the Siam Commercial Bank Public Company Limited for five onshore wind projects located in Northeast Thailand, boosting the WEH windfarm total capacity to 720 MW. With eight projects and more than 250 wind turbines, WEH is the largest wind power developer and operator in Southeast Asia. The deal closed in the last quarter of 2017.

The Weerawong C&P team led by partners Passawan Navanithikul and Nattaporn Pengkul included associates Panuwat Chaistaporn and Pimkwan Subprasert. 
 

Weerawong C&P represented Mr. Tassapon Bijleveld in the THB 8 billion (approximately USD 254 million) financing from Bangkok Bank Public Company Limited for the acquisition of shares in Asia Aviation Public Company Limited (“AAV”, a major shareholder of Thai AirAsia Co., Ltd.) from the Srivaddhanaprabha family and the related mandatory tender offer for the purchase of the remaining shares in AAV.

The Weerawong C&P team was led by Nattaporn Pengkul, Partner and Pimkwan Subprasert, Associate. The deal closed in December 2017.
 

The Weerawong C&P team was led by VeeranuchThammavaranucupt, Senior Partner and Trinuch Chuenchomlada, SeniorAssociate.

Weerawong C&P represented Thai Beverage Public Company Limited(Thai Bev) (SGX-ST) in the USD 4.83 billion acquisition of 53.59% of SaigonBeer Alcohol and Beverage Joint Stock Corporation (SABECO) by Vietnam BeverageCompany Limited, an associated company of Thai Bev, from the Vietnam Ministryof Industry and Trade.

Sabeco is a public corporation in the Socialist Republicof Vietnam. Shares are listed on the Ho Chi Minh City Stock Exchange.

This isthe highest value privatization in Vietnam and the highest value acquisition inVietnam to date. The deal will enable the Thai Bev Group to expand in theregion, increase product offerings, and provide access to an extensivedistribution network.

The Weerawong C&Pteam was led by Weerawong Chittmittrapap, Senior Partner, SunyaluckChaikajornwat, Partner and Samata Masagee, Partner.

Weerawong C&P advised GIC Private Limited, a sovereign wealth fund established by the Government of Singapore, on its sale of 1,154,421,450 ordinary shares of Quality Houses Public Company Limited on the Stock Exchange of Thailand. The transaction valued at THB 3.56 billion (approximately USD 111 million) closed on 27 November 2017.  Bank of America Merrill Lynch was the arranger of the transaction.

The Weerawong C&Pteam was led by Veeranuch Thammavaranucupt, Senior Partner and Poonsook Pornpathananangoon, Associate

Weerawong C&P represented BTS Group Holdings Public Company Limited (BTSG), a leading provider of mass transit systems in Bangkok, in the issuance of its first senior unsecured debentures with multiple tranches and due dates up to 2029 for the purposes of the repayment of existing debts, investments and financing for the working capital of BTSG.

Bangkok Bank Public Company Limited and The Hongkong and Shanghai Banking Corporation Limited (Thailand) were the underwriters. The debentures valued at up to THB 7,000 million were issued on 26 December 2017.

The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner included Jongtip Tangsripairoje, Senior Associate and Kulnisha Srimontien, Associate.

Weerawong, Chinnavat & Partners Ltd. represented Symphony Communications Public Company Limited as well as its major shareholders in connection with the Partial Tender Offer for 37 per cent shares (approximately USD 42 million) in Symphony Communications Public Company Limited launched by TIME dotCom International Sdn Bhd (TdCl), a wholly-owned subsidiary of Time dotCom Berhad (TIME) and subsequent rights offering (approximately USD 28 million) of Symphony Communications Public Company Limited.

The transaction was structured as a Partial Tender Offer in order to mitigate the concern on the foreign ownership restriction under Thai telecom law as well as a subsequent rights offering with a view to achieving the desired outcome.  The transaction was structured to meet the legal constraints and commercial objectives of both TIME, the acquiror, and Symphony Communications Public Company Limited, the target company, and the Partial Tender Offer is among very few in the Thai market.

WCP represented the major shareholders and the target company, Symphony Communications Public Company Limited, and worked alongside Phatra Securities, financial advisor to the transaction. The deal closed on 28 December 2017.

The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner and Samata Masagee, Partner with leading support by associate Thitawan Thanasombatpaisarn.
 

Weerawong C&P represented CPN Retail Growth Leasehold Property Fund (CPNRF by SCB Asset Management Company Limited) in connection with the conversion of CPNRF into a real estate investment trust, namely CPNREIT by the transfer of 4 department stores, namely CentralPlaza Rama 2, CentralPlaza Rama 3, CentralPlaza Pinklao and CentralPlaza Chiang Mai Airport.

CPNREIT made additional investments in CentralFestival Pattaya Beach and Hilton Hotel by obtaining loans from financial institutions in the amount of THB 11,908 million. The transfer of assets and the additional investment was valued at THB 46,000 million (approximately USD 1.44 billion).

After the conversion and such investment in January 2018, CPNREIT became the largest real estate investment trust in Thailand.
 
The Weerawong C&P team led by Khemajit Choomwattana, Partner included Panida Wongsriyanon, Senior Associate and Chanisa Sajjaporameth, Associate. 
 

Weerawong, Chinnavat & Partners Ltd. represented Siam Commercial Bank Public Company Limited, an underwriter, in the offering of trust units of Strategic Hospitality Extendable Freehold and Leasehold Real Estate Investment Trust (SHREIT) and an allocation of the trust units to both domestic and international investors. SHREIT is the first Thai REIT to invest in foreign real estate, such as hotels in Vietnam and Indonesia. The deal valued at THB 3.5 billion (approximately USD 107.75 million) closed on 20 December 2017.
 
The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner and Patcharaporn Pootranon included associates Poonsook Pornpathananangoon, Thitiporn Buranavorasil, Prach Kupitayanant and Trin Ratanachand.
 

Weerawong C&P represented Thai Alliance Co., Ltd., a subsidiary of SiS International Holdings Limited (SiS) (HKEX) in the pre-conditional voluntary tender offer to acquire a 47.3 percent interest in SiS Distribution (Thailand) Public Company Limited representing a maximum of 184.1 million shares at THB 7 per share provided that, upon the completion, SiS and its group must hold shares of the Company of more than 51% of the total voting rights.

Upon completion of the voluntary tender offer, SiS Distribution (Thailand) Public Company Limited, one of the leading distributors of IT products in Thailand, became a unit of SiS. The transaction was valued at THB 1,417 million (approximately USD 43 million) and closed on 20 December 2017.

The Weerawong C&P team led by Panuwat Chalongkuamdee, Partner included Peerapat Kumpayorm, Associate for the acquisition, as well as Banphot Kittikinglert, Senior Associate and Kulnisha Srimontien, Associate advising on corporate governance.
 

Weerawong, Chinnavat & Partners Ltd. represented Do Day Dream Public Company Limited (the issuer) in its initial public offering on the Stock Exchange of Thailand. The deal was valued at THB 4,028 million (approximately USD 123 million); THB 53 per share with 76 million shares offered due to overwhelming response from institutional investors.

Bualuang Securities Public Company Limited acted as financial advisor and sole underwriter.

Do Day Dream is the maker and distributor of Snail White skincare products and aims to expand its production capacity, distribution channels, research and development in order to expand in the region. Trading commenced on 26 December 2017.

The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner and Patcharaporn Pootranon, Partner included associates Thitawan Thanasombatpaisarn, Nattaya Tantirangsi and Duangporn Wongnimmarn.

Weerawong,Chinnavat & Partners Ltd. represented Macquarie Bank Limited in connection with the purchase of up to 30,000,000 ordinary shares of Fortune Parts Industry Public Company Limited, a company listed on the Market for Alternative Investment.

The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner, Patcharaporn Pootranon, Partner and Poonsook Pornpathananangoon, Associate.

Weerawong C&P represented PTT Public Company Limited (PTT) in its sale of 234,562,369 ordinary shares in Star Petroleum Refining Public Company Limited (SPRC) through a big lot transaction valued at THB 3,706 million (approximately USD 113 million) on the Stock Exchange of Thailand on 16 November 2017.

The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner and Poonsook Pornpathananangoon, Associate.

Weerawong, Chinnavat & Partners Ltd. represented Macquarie Bank Limited in connection with the subscription of up to 50,000,000 newly-issued ordinary shares of Vintage Engineering Public Company Limited, a company listed on the Market for Alternative Investment, pursuant to the offering of the shares on a private placement basis, in whole or in part, on one or multiple occasions.

The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner, Patcharaporn Pootranon, Partner, Poonsook Pornpathananangoon, Associate and Duangporn Wongnimmarn, Associate.

Weerawong, Chinnavat & Partners Ltd. represented Thai Beverage Public Company Limited (Thai Bev), one of Asia's largest beverage producers, on the USD 726.6 million acquisition by Internal Beverage Holdings (Singapore) Pte. Limited, its subsidiary, of 75% of the ownership interests in Myanmar Distillery Co., Ltd. (MDC) and Myanmar Supply Chain and Marketing Services Co., Ltd. (MSC), together with International Beverages Trading Company Limited (collectively, the MDC Group).

MDC Group is Myanmar’s leading manufacturer, marketer and distributor of distilled beverages, including Grand Royal, the country’s leading whisky. The acquisition provides Thai Bev with access to an expanding market and distribution network. The deal closed on 12 October 2017.

The Weerawong C&P team led by Weerawong Chittmittrapap, Senior Partner and Sunyaluck Chaikajornwat, Partner included Wiriya Chinkarn, Senior Associate and associates Visit Phromsiripong, Peerasak Sukpisit, Tirayu Songdacha, Arisa Thaweepanyayot and Nichakarn Noppamas.
 

Weerawong, Chinnavat & Partners Ltd. represented BTS Group Holdings Public Company Limited in the financing for Northern Bangkok Monorail Company Limited and Eastern Bangkok Monorail Company Limited in respect of the new mass transit Pink Line (Khae Rai - Min Buri) and Yellow Line (Lat Phrao - Samrong) monorail systems, respectively. The two monorail companies are jointly invested in by BTS Group Holdings Public Company Limited, Sino-Thai Engineering & Construction Public Company Limited and Ratchaburi Electricity Generating Holding Public Company Limited. 

The financing for each project is THB 31,680 million (approximately USD 950 million), with facilities of THB 63,360 million (approximately USD 1,900 million) in total. The financiers are Bangkok Bank, Krung Thai Bank and The Siam Commercial Bank. The deal closed on 12 October 2017.

The Weerawong C&P team led by Passawan Navanithikul, Partner included associates Panuwat Chaistaporn and Sireedhorn Kittiphumwong.
 

Weerawong C&P represented TOA Paint (Thailand) Public Company Limited, the largest retail decorative paint and coating manufacturer in Thailand, and the selling shareholder, Wybrant Holding Limited, in connection with the initial public offering (IPO) of TOA Paint (Thailand) Public Company Limited. The size of the IPO is THB 12,182,400,000 (approximately USD 367 million). The IPO comprised a domestic offering under Thai SEC regulations and international offering under Regulation S of the US Securities Act. Bualuang Securities PCL and Kasikorn Securities PCL are the financial advisors and joint lead underwriters and UBS AG, Singapore Branch is the international purchaser. The shares commenced trading on the Stock Exchange of Thailand on 10 October 2017.

The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner included Trinuch Chuenchomlada,  Senior Associate and associates Phatamol Phisitbuntoon, Kulnisha Srimontien, Chanisa Sajjaporameth and Piyajitt Pewtongngam.

Weerawong, Chinnavat & Partners Ltd. (Weerawong C&P) represented Sermsang Power Corporation Public Company Limited (SSP) in the offering of 230,375,000 newly-issued ordinary shares and 46,000,000 ordinary shares of SSP by its existing shareholder on the Market for Alternative Investment.

The total offering size was 276,375,000 shares valued at THB 2.1 billion (approximately USD 63 million). The first day of trading was on 27 September 2017. SSP is listed as a holding company for operating companies engaged in solar power businesses in Thailand and Japan. Kasikorn Securities Public Company Limited was the financial advisor.

The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner included associates Poonsook Pornpathananangoon, Thanapan Pachimsawat and Duangporn Wongnimmarn.
 

Weerawong, Chinnavat & Partners Ltd. represented Sino-Pacific Trading (Thailand) Co., Ltd., the largest importer of grocery and confectionary products in Thailand in the acquisition of the entire share capital of Steenland Chocolate B.V., a chocolate manufacturing company in the Netherlands, from the Halloren Group. The transaction closed on 18 August 2017.

The Weerawong C&P team was led by Panuwat Chalongkuamdee, Partner and Pitchapa Tiamsuttikarn, Associate.

Weerawong, Chinnavat & Partners Ltd. represented Oaktree Capital on the business combination of its portfolio company Fitness First Asia and Celebrity Fitness, a portfolio company of Navis Capital Partners, to create one of the largest fitness club networks in Asia.

The combined entity, Evolution Wellness Holdings, includes 152 wholly-owned fitness clubs across Asia, almost 7,000 employees and approximately 400,000 members. The deal, valued at approximately USD 500 million, closed in July 2017.

Weerawong C&P also advised on the USD 130 million financing from, among others, The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank (Thailand) and Kiatnakin Bank Public Company Limited.  
 
The Weerawong C&P team was led by Panuwat Chalongkuamdee, Partner, Nattaporn Pengkul, Partner (for the financing transaction), Chanvit Prachayapipat, Senior Associate and Panuwat Chaistaporn, Associate.
 

Weerawong Chinnavat & Partners Ltd. represented Krung Thai Asset Management Public Company Limited (KTAM), the fund manager, in the asset sales of Thai Commercial Investment Freehold and Leasehold Fund (TCIF), Thai Hotel Investment Freehold and Leasehold Property Fund (THIF) and Thai Retail Investment Fund (TRIF) to the group companies of Asset World Company Limited and assisted on the delisting and dissolution process of these funds.

The value of the assets sold was approximately THB 125.58 billion (approximately USD 3.77 billion), including Bangkok landmarks such as The Okura Prestige, Athenee and Empire Tower. The funds, which were delisted on 18 July 2017, consisted of a tender offer of the investment units, an innovative approach for unitholders.  

The Weerawong C&P team was led by Weerawong Chittmittrapap, Senior Partner, Patcharaporn Pootranon, Partner and Nattaya Tantirangsi, Associate.
 

Weerawong C&P represented Berli Jucker Public Company Limited in the issuance of senior unsecured debentures in the largest single issue by a Thai enterprise to date. The total offering to institutional and high net-worth investors was THB 82 billion (approximately USD 2.29 billion). The proceeds were for the financing of the acquisition of Big C Super Center, investments and working capital. Debenture 2016-1 was issued on 7 September 2016 and Debenture 2016-2 was issued on 8 December 2016. The debentures are rated "A+" by Tris Rating Co., Ltd.

The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner, Passawan Navanithikul, Partner, Jongtip Tangsripairoje, Senior Associate and Kulnisha Srimontien, Associate.

Weerawong C&P represented Berli Jucker Public Company Limited in its capital increase of THB214 billion (USD 6.04 billion) via rights offering and private placement. Theproceeds were applied to loans for the acquisition of Bic C Super Centre PublicCompany Limited. The deal closed in July 2016.

The Weerawong C&P team was led by Senior Partners Weerawong Chittmittrapap and Veeranuch Thammavaranucupt and Senior Associate Wittaya Kaewkungsadan.

Weerawong C&P advised UBS AG Hong Kong on theissuance and offering of USD 300,000,000 0.5 per cent exchangeable bonds due in2021 issued by CP Foods Holdings Limited (CPFH), an offshore subsidiary ofCharoen Pokphand Foods Public Company Limited (CPF), Thailand’s largestagribusiness conglomerate. The bonds are listed on the Singapore ExchangeSecurities Trading Limited and are exchangeable into shares of CP ALL PublicCompany Limited, Thailand’s largest convenience store operator.

The Weerawong C&P team was led by Peangpanor Boonklum, Senior Counsel, Veeranuch Thammavaranucupt, Senior Partner and Trinuch Chuenchomlada, Senior Associate.

Weerawong C&P represented WHA Corporation Group in the corporate restructuring, initial public offering and listing (spin-off) of WHA Utilities and Power Public Company Limited on the SET on 10 April 2017, valued at THB 6.02 billion (approximately USD 174.8 million).

The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner and Patcharaporn Pootranon, Partner, as well as associates Parithat Chamnongsilp, Thitawan Thanasombatpaisarn and Predee Pravichpaibul.

Weerawong C&P is representing PTT Public CompanyLimited, Thailand’s largest energy firm, in the restructuring of its oilmarketing and retail business worth up to THB 121 billion. The restructuring of the retailunit, to be named PTT Oil and Retail Business Co., Ltd., involved morethan 1,400 service stations representing 40 percent of Thailand’s petrolstation market.

The Weerawong C&P team is led by Peangpanor Boonklum, Senior Counsel and Panuwat Chalongkuamdee, Partner.

- Financing for the acquisition of hotel and retail building assets from (1) Thai Hotel Investment Freehold and Leasehold Property Fund (THIF) and (2) Thai Retail Investment Fund (TRIF) by the companies under the AWC group including TCC Hotel Asset Management Co., Ltd. and Asset World Retail Co., Ltd. The total facilities amount was THB 25,000 million (approximately USD 736 million). The financiers were Siam Commercial Bank Public Company Limited and Kiatnakin Bank Public Company Limited. The assets acquired from THIF and TRIF under this transaction included Hilton Sukhumvit Bangkok, Marriott Marquis Queen's Park, Plaza Athénée Bangkok, The Okura Prestige Bangkok, Pantip Plaza, Asiatique and Tawanna Night Bazaar. The deal closed on 19 May 2017.

- Financing for the acquisition of commercial building assets from Thai Commercial Investment Freehold and Leasehold Fund (TCIF) by the companies under the AWC group including T.C.C. Commercial Property Management Co., Ltd. and CW Tower Co., Ltd. The total facilities amount was THB 25,000 million (approximately USD 736 million). The financier was KASIKORNBANK Public Company Limited. The assets acquired from TCIF under this transaction included Empire Tower, Athenee Tower, 208 Wireless Road Building and CW Tower. The deal closed on 19 May 2017.

The Weerawong C&P team was led by partner Nattaporn Pengkul and associates Panuwat Chaistaporn, Sireedhorn Kittiphumwong and Pimkwan Subprasert.