Weerawong C&P represented Thai Foods Group PLC (TFG or Thai Foods), a leading fully integrated livestock business, on corporate restructuring,  and initial public offering (IPO).
 
The Thai Foods IPO of 5,100 million shares valued at approximately THB 2,145 million (approx USD 68 million) commenced trading on the Stock Exchange of Thailand on 8 October 2015. The IPO will fund the expansion of Thai Foods’ main poultry and pork meat processing and animal feed business through global distribution channels, as well as working capital and debt repayment. KT Zmico Securities Co., Ltd. acted as financial advisor and underwriter.
 
The Weerawong C&P team was led by partner Peangpanor Boonklum, senior associate Patcharaporn Pootranon and associates Sawita Peetawan, Poonsook Pornpathananangoon and Thitawan Thanasombatpaisarn.

Weerawong C&P represented Thai Wah Food Products Public Company Limited (TWFP), Thailand’s leading producer and distributor of noodles and Thai Wah Starch Public Company Limited (TWS), a leading tapioca product manufacturer and exporter, on their amalgamation and the incorporation of a new listed company, Thai Wah Plc (TWPC).  The firm assisted the companies in delisting their shares and relisting the shares of the new company under Thailand’s Securities and Exchange Commission regulations, with paid-up registered capital of THB 880 million.  The amalgamation is part of a strategy for research, development and plant expansion in the ASEAN region in the next three years. Asia Plus Public Company Limited acted as financial advisor. Trading of relisted shares on the Stock Exchange of Thailand commenced on October 5, 2015.

The Weerawong C&P team was led by partner Pakdee Paknara,senior associate Pattraporn Poovasathien and associates PratumpornSomboonpoonpol, Phatamol Phisitbuntoon and Rapat Sangkarat.

Weerawong, Chinnavat & Peangpanor Ltd. advised Master Ad PLC (MACO) in a joint venture with Malaysia-based EYE Ball Channel to manage outdoor media spaces at the Kuala Lumpur International Airport. The joint-venture company, MACO Outdoor, will have the rights to manage large advertising spaces under a concession of a local business partner.

The joint venture is part of MACO's plan to expand throughout the ASEAN Economic Community.
 
The Weerawong C&P team was led by partner Veeranuch Thammavaranucupt and senior lawyer Panuwat Chalongkuamdee.

Weerawong C&P represented the Hongkong and Shanghai Banking Corporation Limited, Bangkok Branch, Bank of China (Thai) Public Company Limited, Industrial and Commercial Bank of China (Thai) Public Company Limited and Oversea-Chinese Banking Corporation Limited, Bangkok Branch on their financing of the THB 3.5 billion term loan facility provided to All Seasons Property Co., Ltd. in relation to the refinance and repayment of the existing intercompany loan that All Seasons Property Co., Ltd. has with its group.

The Weerawong C&P team was led by partner Passawan Navanithikul, senior associate Nataporn Pengkul and associate Sarinya Israbhakdi.

Weerawong C&P represented Thanachart Bank Public Company Limited in the THB 152 million facilities provided to Raffles Assets (Thailand) Limited and Raffles Design International (Thailand) Ltd. in connection with the financing of the construction and development of the Raffles Design Institute, Bangna Campus and the working capital for business operations of the Raffles Design Institute, Bangna Campus.

The Weerawong C&P team was led by partner Passawan Navanithikul, senior associate Nataporn Pengkul and associate Sarinya Israbhakdi.

Weerawong C&P represented WHA Corporation Plc (WHA) in the acquisition of 92.88 percent of total shares in Hemaraj Land & Development Plc (Hemaraj) for THB 40.5 billion (approximately USD 1.15 billion).

WHA acquired 22.53 percent of Hemaraj at 4.50 baht per share from major shareholders and acquired the remaining shares through a tender offer. The acquisition was financed via a rights issue, as well as loans. Weerawong C&P also advised on the financing and rights issue.

WHA is listed on the SET. It is Thailand’s largest publicly traded developer of factories and warehouses. Hemeraj is also listed on the SET and is Thailand’s largest developer of industrial land by market value. The acquisition will allow WHA to expand its logistics and utilities businesses and expand into land development for manufacturing centers. WHA is positioned to be the leading provider of logistics, industrial park development and utilities services for the entire region.

The Weerawong C&P team was led by Weerawong Chittmittrapap and included senior associate Wittaya Kaewkungsadan and associate Thitawan Thanasombatpaisarn.

Weerawong C&P represented Bangkok Ranch Public Co., Ltd. (Bangkok Ranch) on the offering of 228 million new shares valued at THB 2 billion (approximately USD 58.7 million) on the Stock Exchange of Thailand (SET). 

Weerawong C&P also advised Bangkok Ranch shareholders on the sale of their shares to private placement, institutional and major retail investors in relation to corporate approval and compliance with securities and exchange regulations. The Siam Commercial Bank Public Co., Ltd. was the financial advisor and SCB Securities and Bualuang Securities were the lead underwriters. The first day of trading on the SET was July 15, 2015.

Bangkok Ranch is the largest fully integrated duck meat producer in Thailand and the Netherlands, holding the majority of market-share. The proceeds of the IPO will fund the expansion of its slaughterhouse, processing plant and commercial farm capacity in Thailand as well as plans for business expansion in the region.

The Weerawong C&P team was led by partner Pakdee Paknara and associates Trinuch Chuenchomlada and Sawita Peetawan.

Weerawong C&P represented Bangkok Bank Public Company Limited in the THB 879 million (approximately USD 26.65 million) loan agreement with Globex Corporation Limited for the financing of the subscription offering of shares in Precious Shipping Public Company Limited, one of the biggest shipping companies in Thailand. The financing document is structured to address the risk associated with the non-requirement of certain security and the on lending to other shareholders for financing that subscription.  The shares are listed in the Stock Exchange of Thailand.

The Weerawong C&P team was led by partner Passawan Navanithikul, senior associate Nattaporn Pengkul and associate Jarirat Chevangkul.

Weerawong C&P represented Ananda MF Asia Chitlom Co., Ltd., the borrower in the credit facilities with Kasikornbank Public Company Limited in the acquisition of land and the construction of a condominium project in the heart of Bangkok. The financing is structured to ensure the equivalence of liabilities among the shareholders. The deal was valued at THB 1,192 million (approximately USD 36.12 million) and closed on 29 June 2015. This residential project is another joint venture between Ananda Development Public Company Limited and Mitsui Fudosan Co., Ltd., a major real estate developer in Japan.

The Weerawong C&P team was led by partner Passawan Navanithikul and associate Sarinya Israbhakdi.
 

Weerawong C&P represented Ananda MF Asia Bangna Co., Ltd., the borrower in credit facilities with Krung Thai Bank Public Company Limited in the acquisition of 48 plots of land and the construction of a condominium project in Bangkok. This residential project is a joint investment between Ananda Development Public Company Limited and Mitsui Fudosan Co., Ltd., a major real estate developer in Japan. Ananda MF’s fast-growing residential projects are in close proximity to mass transit stations in Bangkok. The deal was valued at THB 1,892.8 million (approximately USD 57.35 million) and structured to ensure the equivalence of liabilities among the shareholders.

The Weerawong C&P team was led by partner Passawan Navanithikul and associate Sarinya Israbhakdi.

Weerawong, Chinnavat & Peangpanor Ltd. represented GlobalPower Synergy Public Company Limited (GPSC) in the company’s first solarpower plant project in Ichinoseki Japan.  GPSCacquired from Conergy Asia, a 99 per cent stake in Ichinoseki Solar Power 1 GK, theproject company holding the right to develop an18 MW solar power plant in Japan. The capacity will be increased to 20 MWwhen operations  are scheduled to commence in 2017.  The transactionis valued at USD 9 million and closed in March 2015.

TheWeerawong C&P team was led by partner Passawan Navanithikul and senior associate Panuwat Chalongkuamdee.

Weerawong, Chinnavat and Peangpanor Ltd. represented Green Earth Power (Thailand) Co., Ltd. (GEP) in the acquisition by Vintage Engineering PLC (VTE) of 12% shares in GEP. The acquisition was transacted through the combination of: (i) the subscription of new ordinary shares in GEP, for which VTE paid subscription price in cash; and (ii) the purchase of existing shares in GEP from its major shareholder, for which VTE issued its new shares to that major shareholder of GEP (a share swap). The transaction is valued at THB 666,051,946 (approximately USD 19.5 million).

GEP is a privately owned holding company that invests in the development and operation of solar power projects throughout ASEAN and Japan. VTE is an engineering firm that provides services for full-scale engineering systems for a wide variety of residential, hotel, hospital, shopping mall, and factory buildings.

Weerawong C&P also advised VTE in relation to corporate approval and compliance with securities and exchange laws and regulations.

The Weerawong C&P team was led by executive partner Chinnavat Chinsangaram, and included associates Wiriya Chinkarn, Pratumporn Somboonpoonpol, Peerapat Kumpayorm, Teerasak Petchpaibool, Kulnisha Srimontien, and Pattarapa Pattanaporn. 

Weerawong, Chinnavat and Peangpanor Ltd. represented the Electricity Generating Authority of Thailand (EGAT), the largest power generator in Thailand, and Krung Thai Asset Management Public Company Limited (KTAM), on the initial public offering of North Bangkok Power Plant Block 1 Infrastructure Fund, Electricity Generating Authority of Thailand (EGATIF).

EGATIF is the first state-owned enterprise sponsored infrastructure fund, and with an offering size of THB 20,855 million (approximately USD 641 million), the largest electricity infrastructure fund to be listed on the Stock Exchange of Thailand to date. The fund has invested in the rights to revenue from the operation of North Bangkok Power Plant Block 1, one of EGAT's latest combined-cycle power plants with a contracted power generation capacity of 670 MW, for a 20 year period.

Trading of EGATIF investment units is scheduled to commence on 13 July 2015.

Weerawong C&P advised EGAT, the sponsor and KTAM, the fund manager.

The Weerawong C&P team led by executive partner Peangpanor Boonklum included senior associate Wittaya Kaewkungsadan and associates Jirapat Thammavaranucupt and Orachat Mahaidhidol. 

Weerawong C&P advised Global Power Synergy Co. (GPSC), a power generation unit of the PTT Group in its initial public offering (IPO). GPSC will raise more than THB 10.11 billion (approx. USD 304 million) on the sale of 375.57 million shares, providing GPSC with a market capitalization of THB 40.45 billion (approx. USD 1.23 billion). GPSC plans to boost electricity generating capacity from 1,800 to 6,000 megawatts by 2025 through domestic and overseas expansion.

Major shareholders include PTT, PTT Global Chemical and Thai Oil. KT ZMICO, Finansa, and Tisco Securities were the lead underwriters. Trading commenced on May 18, 2015.

The Weerawong C&P team was led by Peangpanor Boonklum, Executive Partner and Wittaya Kaewkungsadan, Senior Associate.
 

Weerawong, Chinnavat & Peangpanor Ltd. has advised Pace Development Corporation Public Company Limited (PACE), a leader in Thai luxury properties and hospitality, including The Ritz-Carlton Residences and Maha-nakorn, the tallest tower in Thailand,  in the acquisition of  ordinary shares of its subsidiaries: (i) 31% Pace Real Estate Co., Ltd.; (ii) 15% Pace Project One Co., Ltd.; (iii) 15% Pace Project Two Co., Ltd.; and (iv) 15% Pace Project Three Co., Ltd., and the transfer of the financial obligations of these four subsidiaries from IBC Holding Ltd., a subsidiary of Industrial Building Corporation Ltd., a company listed in Israel and IDJ Holdings Limited, a shareholder of Pace Real Estate Co., Ltd. The transaction which was valued at approximately THB 1,944 million (USD 64 million), closed on 31 March 2015.

The Weerawong C&P team was led by executive partner Peangpanor Boonklum, and included key associates Sawita Peetawan and Pohnpreeya Amorndajalert.

Weerawong, Chinnavat & Peangpanor Ltd. advised Natural Park (NPARK) in the share-for-share swap transaction with BTS Group Holdings Plc (BTSG). NPARK acquired 100% of BTS Assets Co. and Kamkung Properties Co. from BTSC and in return NPARK issued its shares and warrants to BTSG resulting in BTSG holding a 35.64% stake in NPARK, which has been renamed U City.

BTS Assets Co. and Kamkung Properties Co. are the flagship real estate companies of BTSG, owning the Eastin Grand Hotel as well as high profile land portfolios in proximity to the Phaya Thai and Mor Chit skytrain stations and the Airport Rail Link.  The combined assets, valued at THB 9.4 billion or approximately USD 313 million will be the basis for the development of office, hotel and retail projects.  

The Weerawong C&P team was led by partner Peangpanor Boonklum and included key associates Panuwat Chalongkuamdee and Pratumporn Somboonpoonpol.

Weerawong, Chinnavat & Peangpanor Ltd (Weerawong C&P) has advised Jardine Cycle & Carriage Limited (JC&C), SGX-ST listed company and a member of the Jardine Matheson Group, in respect of the acquisition of 57.27 million ordinary shares representing approximately 24.9 per cent of the issued share capital of Siam City Cement Public Company Limited (SCCC), Thailand’s second largest cement manufacturer, from Holcim subsidiary Thai Roc-Cem Limited for the equivalent of USD 615 million.

The Weerawong C&P team was led by partners Peangpanor Boonglum and Veeranuch Thammavaranucupt and included key associates Kongkoch Yongsavasdikul and Jirapat Thammavaranucupt.

Weerawong, Chinnavat & Peangpanor Ltd. represented Scan Inter (SCN), a leader in the alternative energy and automotive industries in Thailand, on its THB 1.5 billion  initial public offering (IPO). The IPO is a domestic offering under Thai SEC regulations.

The financial adviser and lead underwriter is Kasikorn Securities, while co-underwriters are CIMB Securities (Thailand), RHB OSK Securities (Thailand), Thanachart Securities and KT ZMICO Securities. Trading is set to commence on the Stock Exchange of Thailand on February 23, 2015.
 
The Weerawong C&P team included leading partner Kudun Sukhumananda and associates Wittaya Kaewkungsadan, Pratumporn Somboonpoonpol and Thitawan Thanasombatpaisarn.

Weerawong, Chinnavat & Peangpanor Ltd. represented Plan B Media, one of Thailand's  largest out-of-home media (OOH) businesses, on its THB 1.79 billion  initial public offering (IPO). The IPO is a domestic offering under Thai SEC regulations. Trading will commence on the Stock Exchange of Thailand on February 17, 2015.
 

Plan B Media offers a wide range of innovative OOH platforms to support world class campaigns, including transit, digital and static media as well as mall and in-store platforms. Funds raised from the IPO will support its continued growth and new projects. Bualuang Securities Plc was the financial advisor.
 

The Weerawong C&P team included leading partners Peangpanor Boonklum, Pakdee Paknara, senior associate Patcharaporn Pootranon and associate Thitawan Thanasombatpaisarn.
 

Weerawong, Chinnavat & Peangpanor Ltd. represented Jasmine International Pcl (Jasmine), one of Thailand's largest integrated telecommunication service providers (including fixed-telephone lines, wireless network, digital network and internet access services), on the establishment and initial public offering (IPO) of the investment units of Jasmine Broadband Internet Infrastructure Fund (JASIF), the Thai infrastructure fund investing in broadband internet assets. With an offering size of THB 55 billion (approximately USD 1.7 billion), JASIF is the largest such offering since 2013.  Investment units of JASIF are offered to international investors under Rule 144A and local investors and are listed on the Stock Exchange of Thailand (SET).

JASIF used the proceeds from the IPO to acquire ownership of optical fiber cable assets from Jasmine’s subsidiary, Triple T Broadband Pcl (TTTBB) and has then leased optical fiber cores to TTTBB, thereby benefiting from revenue generated from the lease of optical fiber cores.  Bualuang Securities Pcl, a securities arm of Bangkok Bank Pcl, and Morgan Stanley arranged the offering of JASIF’s investment units.  Trading of JASIF’s investment units on the SET commenced on February 16, 2015.

The transaction involved complex work within a multitude of legal areas (including capital markets, telecommunication, corporate, dispute and litigation). Consequently, the Weerawong C&P team operated by bringing together transactional specialists with lawyers from other practice groups that possess the necessary experience or expertise, thereby assuring the highest possible quality of service during all stages of the process.  The transaction closed on February 11, 2015.

The Weerawong C&P team was led by partners Peangpanor Boonklum and Veeranuch Thammavaranucupt and included key associates namely Kongkoch Yongsavasdikul, Trinuch Chuenchomlada and Pohnpreeya Amorndajaler.
 

Weerawong C&P represented Golden Land Property Development Public Company Limited (GOLD) in the acquisition of 1,780 million ordinary shares of Krungthep Land Public Company Limited (KLAND) representing 100% paid up capital held by SMJC Real Estate Co Ltd (39.33%), Frasers (Thailand) Pte Ltd (40.45%) and Property Perfect Plc (20.22%). 

The acquisition of KLAND strengthens GOLD’s position in the residential real estate market.The transaction is valued at THB 3.56 billion and closed on December 12, 2014.

The Weerawong C&P team was led by Weerawong Chittmittrapap.