Recent Experience
Representation of a leading confectionary manufacturer and distributor, in relation to the proposed listing of its shares on the Singapore Exchange Securities. The Firm assisted the company in the legal due diligence exercise of its associate company in Thailand (ongoing)
Representation of Swift Energy Technology Berhad, a leading company in the industrial automation and power systems industry in Malaysia, as Thai Local Counsel in connection with its approximately RM 70.06 million (approximately THB 560.5 billion) IPO and listing on the ACE Market of Bursa Malaysia. (2025)
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
UBS AG (Hong Kong) on the issuance and offering of USD 275
million 0.5% exchangeable bonds due in 2025 issued by CP Foods Capital Limited (CPFC), a subsidiary
of Charoen Pokphand Foods Public Company Limited (CPF), Thailand’s largest agribusiness
conglomerate. The bonds are listed on the Singapore Stock Exchange and are exchangeable into shares
of CPF. They come with a sponsor undertaking from CPF. The transaction closed on 18 June
2020.
Representation of Jasmine International Public Company Limited, one of Thailand’s largest integrated
telecommunication service providers, on its sale of additional assets consisting of 700,000
core-kilometers of optical fiber cables to the Jasmine Broadband Internet Infrastructure Fund as
well as the lease back of the optical fiber cables and its investment in the right offering units of
the Jasmine Broadband Internet Infrastructure Fund. The deal value was more than THB 38,000 million.
The deal closed on 20 November 2019.
Representation of
Asset World Public Company Limited in the corporate
restructuring and offering of shares under Securities and Exchange Commission regulations and
international offering under Regulation S of the US Securities Act and listing of its shares on the
Stock Exchange of Thailand (IPO). With a total market capitalization value at IPO price of THB
185,742 million (USD 6.2 billion), this is the largest listed company in the entire history of the
Stock Exchange of Thailand to date. Raised funds will be used to expand the company’s hotel and
other commercial property projects. The first day of trading was 10 October 2019.
Representation of Total Access Communication Public
Company Limited (“dtac”) in the landmark agreement to settle legal disputes with CAT Telecom
Public Company Limited (“CAT”). Over the 27-year concession period, dtac and CAT had been engaged in
numerous litigation cases, mostly over differences in interpretation of the concession agreement.
The settlement will close all except two issues between dtac and CAT and will also bar the parties
from bringing new claims pertaining to the concession regime. According to this agreement, dtac will
pay a total amount of THB 9.51 billion (approximately USD 298 million) to CAT. The settlement is
subject to approval from dtac’s Annual General Meeting in April 2019.
Representation of Credit Guarantee and Investment
Facility (CGIF), a trust fund of the Asian Development Bank, as guarantor on the issuance of
the Partially Guaranteed Bonds of Siamgas and Petrochemicals Public Company Limited No. 2/2561
(2018), representing its support to a Thai corporate issuing bonds in Thai baht. The deal valued at
THB 2 billion (approximately USD 63 million) closed on 7 December 2018.
Representation of dtac TriNet Co., Ltd., a
wholly owned subsidiary of Total Access Communication Public Company Limited, a major mobile service
provider in Thailand, on the application for the auction of the 900 MHz spectrum license. dtac won
the auction at the final bid price of THB 38,064 million (approximately USD 1.15 billion) in October
2018.
Representation of Total Access Communication Public Company Limited and its subsidiary dtac TriNet Co.,
Ltd., (together “dtac”), leading mobile service providers in Thailand, in relation to the auction of
the 1800 MHz spectrum license held by the Office of The National Broadcasting and Telecommunications
Commission (“NBTC”). dtac was the auction winner for one license of 2 x 5 MHz spectrum bandwidth
covering 1745-1750 MHz/1840-1845 MHz at the final bid price of THB 12,511 million (approximately USD
382 million) on 23 August 2018.
Representation of
Total Access Communication Public Company Limited (DTAC) and
its subsidiaries, dtac TriNet Co., Ltd. (TriNet) and TeleAssets Company Limited (TeleAssets),
leading mobile service providers in Thailand, in relation to the lease of 2300 MHz network equipment
by TeleAssets to TOT Public Company Limited (TOT), as well as the 2300 MHz network domestic roaming
service by TriNet. This transaction gives DTAC the opportunity to increase revenue, enhance consumer
confidence and services, as well as its competitiveness. 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. The deal valued at THB 33 billion closed in April 2018.
Representation of Credit Guarantee and Investment
Facility (CGIF), a trust fund of the Asian Development Bank, as guarantor on the issuance of
the Partially Guaranteed Bonds of Siamgas and Petrochemicals Public Company Limited No. 1/2561
(2018), representing its first support to a Thai corporate issuing bonds in Thai baht. The deal
valued at THB 2 billion (approximately USD 63 million) closed on 28 February 2018.
