Pratumporn Somboonpoonpol

Partner


Contact Details

T: + 662 264 8000
F: + 662 657 2222
Email:

Pratumporn Somboonpoonpol is a partner in the corporate governance group at Weerawong C&P. She advises clients in a wide range of industries, including the energy, financial services, medical, real estate and telecommunications sectors. 

Recent Experience

Representing Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT) in the offering and allocation of not exceeding 220,000,000 trust units in its fourth capital increase by means of a General Mandate to existing trust unitholders, using the method of Preferential Public Offering (PPO). The total value of this offering was approximately THB 2,090 million.

Representing SCG Decor Public Company Limited (SCGD) in an Initial Public Offering (IPO) and the listing of shares on the Stock Exchange of Thailand (SET) with the market capitalization of THB 18.9 billion, including a tender offer/share swap for delisting of SCG Ceramics Public Company Limited (COTTO) from the SET. This IPO is considered the largest IPO of the year 2023 and a part of the business restructuring plan of SCC Group, where SCGD is a flagship company of SCC Group to undertake the manufacturing business of floor tiles, wall tiles, and sanitary ware in both Thailand and abroad. 

Representation of PLAN B Media Public Company Limited in the issuance of 84,000,000 new ordinary shares allocated to Aqua Corporation Public Company Limited on a private placement basis. The deal was signed in April 2022, completed in May 2022 and was valued at approximately THB 606 million (USD 17 million).

Representation of Siam Commercial Bank Public Company Limited, one of the largest banks in Thailand, and SCB X Public Company Limited in a landmark reorganization which included the restructuring of the financial business group, tender offer of all SCB shares, delisting of SCB shares, and listing of SCB X shares on the Stock Exchange of Thailand (SET). The reorganization was conducted under the regulations of the Bank of Thailand, the Securities and Exchange Commission and the Stock Exchange of Thailand. The tender offer for SCB shares by SCBX concluded with overwhelming acceptance of over 99 per cent of SCB's total shares with an offering size of THB 33.6 billion. SCB X also listed the new SCB X shares on the SET and simultaneously delisted Siam Commercial Bank's shares from the market. The shareholding restructuring will significantly enhance the potential and flexibility for business growth within the SCB X Group in a variety of ways, with SCB X serving as the "Mothership" of the group. The first trading day of SCB X was on 27 April 2022.

Representation of SCB Securities Co., Ltd., a subsidiary of The Siam Commercial Bank Public Company Limited, in relation to the proposed acquisition of 51% interest in Bitkub Online Co., Ltd. (Bitkub), a leading digital asset exchange in Thailand, from Bitkub Capital Group Holdings Co., Ltd. The transaction value is worth approximately THB 17.85 billion. The total market capitalization of Bitkub is THB 35 billion, marking another Thai "unicorn". The investment in Bitkub is based on the recognition of significant growth opportunities in the digital asset business and will enable SCBS, as a major shareholder, to further develop the digital asset ecosystem in Thailand. The deal was signed on 2 November 2021 and is expected to be completed by the first quarter of 2022. 

Representation of Mrs. Wattana Somwattana and Mr. Sornsak Somwattana in their partial disposal of investments in Nirvana Daii Public Company Limited, a company listed on the Stock Exchange of Thailand, to Mr. Chatchai Piyasombatkul. The transaction triggered an obligation to make a mandatory tender offer for all the remaining shares in the target company for the buyer. The deal valued at THB 605 million (approximately USD 18.9 million) closed in June 2021. 

Representation of Advanced Info Service Public Company Limited, the largest mobile telecommunications operator in Thailand, in the acquisition of a majority stake in CS Loxinfo Public Company Limited, one of Thailand’s leading internet and media business companies, from Singapore Telecommunications Limited and Thaicom Public Company Limited in a voluntary tender offer by its subsidiary, Advanced Wireless Network Co., Ltd (AWN) and the subsequent delisting tender offer by AWN. The deal valued at THB 2.6 billion (USD 78.57 million) closed in October 2017.

Representation of Dusit Thani Public Company Limited, one of Thailand’s foremost hotel and property development companies, in a joint venture with Central Pattana Public Company Limited for the development of a large-scale, mixed-use real estate project with an estimated value of THB 36.7 billion (approximately USD 1.05 billion) in the central business district of Bangkok. The project will build on the unique Thai heritage of Dusit Thani to create a modern iconic landmark consisting of a hotel, residences, retail, office and green space. Weerawong C&P also assisted in the negotiation to extend the lease agreement with the Crown Property Bureau for 30+30 years for an additional plot of 24 rai at the intersection of Silom Road and Rama 4. The deal closed on 28 June 2017.

Representation of BCPG Public Company Limited (BCPG), the renewable power subsidiary of diversified oil refiner Bangchak Petroleum Public Company Limited (BCP), in its THB 5.9 billion (USD 170.5 million) initial public offering of 590 million newly issued shares to a specific group of BCP shareholders and to public and institutional investors and the company's patronage. BCPG plans to expand its renewable power projects domestically and internationally. The first day of trading was on 28 September 2016.

Representation of BDMS Public Company Limited in the acquisition of land and buildings of the Park Nai Lert Hotel. This is the largest acquisition of land and buildings without business in Thailand to date. The property will be developed as a wellness clinic.

Representation of GE Capital Group, including its subsidiaries in Hong Kong on the sale of its stake in Alpha Capital Asset Management Co., Ltd. to a new strategic investor. Weerawong C&P has advised the GE Capital Group on transactions in Thailand since its entrance into the financial sector as a management company. The transaction closed on 28 January 2016.

Representation of Vintage Engineering Public Company Limited (VTE) in the investment in a 1 MW solar power plant located in Kagoshima-ken, Japan. VTE acquired the shares of Energy Gateway Number 1 Co., Ltd., a company incorporated in Japan, on 22 December 2015.

Representation of Thai Wah Food Products Public Company Limited (TWF) and Thai Wah Starch Public Company Limited (TWS) on their amalgamation and the incorporation of a new listed company, Thai Wah Public Company Limited (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. Asia Plus Public Company Limited acted as financial advisor. Trading of relisted shares on the Stock Exchange of Thailand commenced on 5 October 2015.

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

Representation of Natural Park (NPARK) in the share-for-share swap transaction with BTS Group Holdings Public Company Limited (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. The combined assets, valued at THB 9.4 billion or USD 313 million will be the basis for the development of office, hotel and retail projects.

Representation of Scan Inter Public Company Limited (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 23 February 2015.

Representation of 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 12 December 2014.

Representation of P.C.S. Group for the corporate restructuring of the group by setting up P.C.S. Machine Group Holding Public Company Limited (PCSGH) and issuance of shares to swap for shares of three operating companies. PCSGH later launched IPO and listing shares on the Stock Exchange of Thailand.

Representation of BTS Group Public Company Limited (formerly Tanayong Public Company Limited) in the acquisition (reverse take-over) of 94% shares in Bangkok Mass Transit System Public Company Limited (BTS) via share swap. The deal value was THB 40 billion.

Representation of Krung Thai Asset Management Public Company Limited and C.P. Land Public Company Limited in respect of establishment of C.P. Tower Growth Leasehold Property Fund and its investment in the 30 year leasehold right over C.P Tower 1 (Silom), C.P. Tower 2 (Fortune Town) and C.P. Tower 3 (Phayathai) and the initial public offering of investment units. The deal value was THB 9.8 billion and it closed on 4 December 2013.

Representation of Rexel Group on the acquisition of business and assets of Quality Trading Group, one of the largest electrical distributors in Thailand. The value of the transaction was USD 20 million or approximately THB 600 million. The transaction closed on 29 November 2013.

Education

LL.M., International Trade Leeds University, UK, 2009

LL.B., Thammasat University, 2006

Thai Barrister-at-Law, admitted 2008

Notarial Services Attorney, admitted 2011

Lawyers License, Lawyers Council of Thailand, admitted 2009

Citizenship

Thai

Languages

Thai, English

Recent Accolades

40 Under 40 legal professionals in Asia, Asian Legal Business (2022)

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