Phanpicha Nityo

Senior Associate

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Ms. Phanpicha Nityo is a senior associate in the mergers and acquisitions practice group at Weerawong C&P. She assists domestic and international clients in a wide range of industries including healthcare, financial service, retail, and energy sectors. Phanpicha also has experience in corporate governance, company secretary, labour matters and foreign direct investment. 

Recent Experience

Representation of Innoquest Diagnostics One (Thailand) Co., Ltd., in the acquisition of the entire business of Lab Plus One Co., Ltd., a clinical diagnostics laboratory services business in Thailand the indirect subsidiary of Pruksa Holding Public Company Limited. The transaction value was approximately THB 220 million. The deal closed on 1 September 2023.

Representation of SCB X Public Company Limited ("SCBX"), a mothership company of the SCBX Group, on its additional investment in Monix Co., Ltd., a joint venture fintech company of SCBX and Abakus Group which focuses on businesses relating to digital lending, alongside a fund managed by Lombard Asia, as part of the USD 20 million (approximately THB 700 million) equity fundraising by Monix Co., Ltd. The deal was signed and completed in January 2023.

Representation of Clover Recycle Limited, a subsidiary of Clover Power Public Company Limited, in relation to the acquisition of 60% shares in DKC Energy Joint Stock Company, a Vietnamese company which operates a wood pellet manufacturing plant with the production capacity of 89,000 tons per annum, from Thien Mihn Duc Group Joint Stock Company. The deal was signed in April 2022 and completed in July 2022.

Representation of SCB Securities Co., Ltd., a subsidiary of The Siam Commercial Bank Public Company Limited, 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.

Representing one of the bidders in the proposed acquisition of Citigroup Inc.’s consumer business in Thailand in 2021.

Representation of Mineed Technology Company Limited, a Thai company primarily engaging in researching and manufacturing medical devices, pharmaceuticals, and cosmetics, in relation to its THB 25 million equity fundraising by issuing new shares to minority investors, including BCV Innovation Company Limited (a subsidiary of Bangchak Corporation Public Company Limited), Boon Ventures Company Limited and BSY Group Public Company Limited. The deal closed in November 2021.

Representation of EGAT International Company Limited, a subsidiary of Electricity Generating Authority (EGAT) in its acquisition of 25% of the total shares in Hou Ju Energy Technology Corporation, which operates a solar power generation business in Taiwan with a total installed generation capacity of 37.596 MW, from MP Energy Company Limited, a subsidiary of Mitr Phol Sugar Corp Ltd. The deal was valued at approximately NTD 155 million. (2020-2021)

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. 

Advised Asset World Public Company Limited on corporate policies and procedures in compliance with the Personal Data Protection Act B.E. 2562 (A.D. 2019), as well as a related corporate training seminar. 2020

Advised Kuraray GC Advanced Materials Co., Ltd. on corporate policies and procedures in compliance with the Personal Data Protection Act B.E. 2562 (A.D. 2019), as well as a related corporate training seminar. 2020

Advised Honda Trading Asia Co. Ltd. on its personal data protection policies and procedures in compliance with the Personal Data Protection Act. 2020

Representation of Berli Jucker Public Company Limited in relation to the merger and acquisition and relevant anti-trust matters in connection with the proposed USD 10 billion (THB 310 billion) acquisition of the Tesco Lotus hypermarket chain in Thailand and Malaysia.

Engaged by the Port Authority of Thailand (PAT) as an advisor to assist in the reorganization of its legal department and legal procedures. The firm’s work focused on proposing a reorganization of the department, manual and procedures, including guidelines for amending the Port Authority of Thailand Act, B.E. 2494 (1951) in order to achieve the vision of the PAT to regulate, govern and operate world class ports with excellent logistics services for sustainable growth by 2030.

Publications

‘Thailand’, Chambers Global Practice Guides – Corporate M&A 2024, Chambers and Partners, 2024

‘Thailand’, Country Comparative Guides – Mergers and Acquisitions, The Legal 500, 2024

‘Thailand’, M&A Report, IFLR, 2024

Education

LL.M. University of Bristol, UK, 2017

LL.B. Thammasat University, 2016

Citizenship

Thai

Languages

Thai, English