Deal Announcements

  • Weerawong C&P represented PTT in the tender for purchase of USD 350 million 5.875% Senior Notes due 2035 and USD 600 million 4.5% Senior Notes due 2042
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    Weerawong, Chinnavat & Partners Ltd. represented PTT Public Company Limited (PTT) in the tender for purchase of USD 350 million 5.875% Senior Notes due 2035 and USD 600 million 4.5% Senior Notes due 2042 (“Existing Notes”) issued to foreign investors and the issuance and offer to sell like-kind notes to the Existing Note holders. PTT conducted liquidity management by offering repurchase of the Existing Notes and providing for PTT Treasury Center Company Limited, a subsidiary of PTT, to issue two series of new like-like kind notes. Payment under both newly-issued notes is guaranteed by PTT.  In aggregate, USD 245 million and USD 330 million of the principal amounts of the Existing Notes were tendered and accepted for purchase and the same of principal amount of like-kind notes were issued. The settlement date for the transaction was 24 October 2019.

     

    The Weerawong C&P team included Veeranuch Thammavaranucupt, Senior Partner, Patcharaporn Pootranon, Partner, James Lawden, Senior Counsel and associates Veerakorn Samranweth and Pitchaya Kittiwittayakul.

  • Weerawong C&P represented the Government of Thailand, Office of the Eastern Economic Corridor in the public-private partnership agreement to develop the THB 220,000 million high-speed rail project linking Suvarnabhumi, Don Mueang and U-tapao airports
  • Weerawong C&P represented the Government of Thailand, Office of the Eastern Economic Corridor in the public-private partnership (PPP) agreement to develop the THB 220,000 million (USD 7.2 billion) high-speed rail project linking Suvarnabhumi, Don Mueang and U-tapao airports.

    Weerawong C&P played a major role in the project, including negotiating and leading the drafting of the concession agreement, as well as presenting key concession agreement terms to the EEC Policy Committee chaired by Prime Minister Prayut Chan-o-cha.
     
    The high-speed rail link is the biggest PPP concession project in Thailand and the first concession granted on a high-speed train project. The main private sector project operators include Charoen Pokphand Group (CP), Italian-Thai Development Public Company Limited (ITD), China Railway Construction Corporation Limited (CRCC), CH. Karnchang Public Company Limited (CK) and Bangkok Express and Metro Public Company Limited (BEM).

    This is the cornerstone project of the EEC and, when implemented, the EEC will be developed as a major hub for trade and investment in order to develop Thailand’s economy under the ‘Thailand 4.0’ initiative.
     
    The agreement was signed at Government House on 24 October 2019 and witnessed by Prime Minister Prayut Chan-o-cha, Deputy Prime Minister Mr. Anutin Charnvirakul, Minister of Transport Mr. Saksiam Chidchob and Ministry of Interior Gen. Anupong Paochinda.

    The Weerawong C&P team was led by:

    Weerawong Chittmittrapap, Senior Partner, Jirapat Thammavaranucupt, Senior Associate
    and associates Nalin Thirapratheep, Phoorithut Thepauksorn, Vijit Suthisripok, Arnut Pongprueksa, Prachaya Apibansri, Praewa Wang-ngam and Sukritta Panutrakul, as well as the PPP Legal Assistants and Translation Team.
     

  • Weerawong C&P represented the Government of Thailand, Office of the Eastern Economic Corridor in the public private partnership agreement signed by the Industrial Estate Authority of Thailand and Gulf MTP LNG Terminal for the Third Phase of the Map Ta Phut Port Project
  • Weerawong C&P represented the Government of Thailand, Office of the Eastern Economic Corridor in the public private partnership (PPP) agreement signed by the Industrial Estate Authority of Thailand and Gulf MTP LNG Terminal for the Third Phase of the Map Ta Phut Port Project valued at THB 55.4 billion (USD 1.8 billion).

    The Third Phase of the Map Ta Phut Port Project is an infrastructure project for the petroleum industry and is designed to facilitate the annual shipment of 19 million tonnes of natural gas and liquid cargo. The Gulf MTP LNG Terminal is a joint venture between Gulf Energy Development and PTT Tank Terminal.

    Weerawong C&P played a major role in driving the deal, including negotiating and leading the drafting of the concession agreement, as well as presenting key concession agreement terms to the EEC Policy Committee chaired by Prime Minister Prayut Chan-o-cha.

    The PPP agreement was signed on 1 October 2019.
     
    The team included Weerawong Chittmittrapap, Senior Partner, Chumpicha Vivitasevi, Senior Associate, Jirapat Thammavaranucupt, Senior Associate and associates Vijit Suthisripok, Nalattaporn Pichaisawad, Arnut Pongprueksa, Nantanat Hattathammanoon, Praewa Wang-ngam and Sukritta Panutrakul.
     

     

  • Weerawong C&P represented PTT Oil and Retail Business in the acquisition and joint operation of petroleum terminals and service stations with the Kanbawza Group in Myanmar
     
  • Weerawong, Chinnavat & Partners Ltd. (Weerawong C&P) represented PTT Oil and Retail Business Public Company Limited (PTTOR), an affiliate of PTT Public Company Limited, a state-owned, SET-listed oil and gas company and one of the largest corporations in Thailand, in the acquisition and joint operation of petroleum terminals and service stations with the Kanbawza Group, a major Myanmar-based conglomerate, in Myanmar.
     
    PTTOR entered into a share subscription and shareholders agreement to acquire 35% of shares in Brighter Energy Co., Ltd., an affiliate of the Kanbawza Group, for the operation of services stations in Myanmar in the amount of MMK 225 million in order to engage in a joint venture for the operation of a petroleum terminal in Kyauktan Township, Myanmar. The total project cost of the terminal was USD 186 million or the amount equivalent to MMK 279 billion.
     
    PTTOR also entered into a joint venture with Brighter Energy Retail Co., Ltd., an affiliate of the Kanbawza Group, to set up a new joint venture company to operate petrol service stations under the PTT station brand, establish and operate cafes under the Café Amazon brand and retail, wholesale and commercially market oil, gasoil, LPG and other petroleum products in Myanmar.
     
    The Weerawong C&P team led by Panuwat Chalongkuamdee, Partner included Akeviboon Rungreungthanya, Senior Associate and Peerasak Sukpisit, Associate.
  • Weerawong C&P represented Asset World Public Company Limited in its ground breaking IPO
  • Weerawong C&P represented 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.

  • Weerawong C&P represented TTCL in its partial disposal of investment inTTCL Gas Power 
  • Weerawong, Chinnavat & Partners Ltd. (Weerawong C&P) represented TTCL Public Company Limited (TTCL), an international engineering company, in its partial disposal of investment in TTCL Gas Power Pte. Ltd. (TTGP), an indirect subsidiary of TTCL. TTGP is the owner of a natural gas power plant at Yangon, Myanmar with installed capacity of 121.7 MW and has a power purchase agreement with Electric Power Generation Enterprise. The total value of the transaction was USD 85 million. The deal closed in June 2019.

    The Weerawong C&P team led by partners Panuwat Chalongkuamdee and Nattaporn Pengkul included associates Pitchapa Tiamsuttikarn, Nalin Thirapratheep and Kasimaporn Chumjai as well as the corporate governance team, Thitawan Thanasombatpaisarn, Senior Associate and Chanisa Sajjaporameth, Associate.
     

  • Weerawong C&P represented F&N Retail Connection in its JV with Maxim for the acquisition of Starbucks in Thailand
  • Weerawong C&P represented F&N Retail Connection (a joint venture between ThaiBev and Fraser and Neave) in connection with its joint venture with Maxim’s Group of Hong Kong, whereby the joint venture company, Coffee Concepts Thailand acquired all existing Starbucks outlets in Thailand and became the country’s sole franchisee for 40 years. The USD 650 million (approximately THB 20 billion) acquisition closed in May 2019.

     

    The Weerawong C&P team included Sunyaluck Chaikajornwat, Partner, Akeviboon Rungreungthanya, Senior Associate and Visit Phromsiripong, Associate.

  • Weerawong C&P represented Dusit Thani in relation to the development of ASAI Chinatown Project
  • Weerawong, Chinnavat & Partners Ltd. represented Dusit Thani Public Company Limited, a leader in the hotel, resort and spa industry, in relation to the long-term lease of sections of a building from I’m China Town Co., Ltd. in order to develop a hotel in connection with ASAI Chinatown Project, valued at approximately THB 950 million, including the legal due diligence, preparation of the Lease Agreement, FF&E Sale and Purchase Agreement, Service Agreement and general legal advice.

    The Weerawong C&P team led by Panuwat Chalongkuamdee, Partner included Senior Associate Kittikun Sinhirunviwat and associates Peerasak Sukpisit and Witchaphon Techasawatwit.

  • Weerawong C&P represented Dusit Thani in relation to the long-term lease of sections of a building from I’m China Town
  • Weerawong, Chinnavat & Partners Ltd. represented Dusit Thani Public Company Limited, a leader in the hotel, resort and spa industry, in relation to the long-term lease of sections of a building from I’m China Town Co., Ltd. in order to develop a hotel in connection with ASAI Chinatown Project, valued at approximately THB 950 million, including the legal due diligence, preparation of the Lease Agreement, FF&E Sale and Purchase Agreement, Service Agreement and general legal advice. (2019)
     
    The Weerawong C&P team included Panuwat Chalongkuamdee, PartnerKittikun Sinhirunviwat, Senior Associate, Peerasak Sukpisit and Witchaphon Techasawatwit, Associates.
  • Weerawong C&P represented Global Power Synergy, the power flagship of the PTT Group, in its USD 757 million investment in and development of a 250 MW Energy Recovery Unit
  • Weerawong, Chinnavat & Partners Ltd. represented Global Power Synergy Public Company Limited, the power flagship of the PTT Group, in its USD 757 million investment in and development of a 250 MW Energy Recovery Unit for the production and sale of power and 175 ton-per-hour steam from petroleum pitch under the Clean Fuel Project of Thai Oil Public Company Limited (“TOP”).

    The unit is part of TOP’s capacity expansion project. The power plant, still under construction, is expected to come online in 2023 and will sell power to TOP, which is the country’s second largest refiner, with a capacity of 275,000 barrels per day. The deal was signed on 10 May 2019.

    The Weerawong C&P team included Veeranuch Thammavaranucupt, Senior Partner, Samata Masagee, Partner, Nattaporn Pengkul, Partner, Peerapat Kumpayorm, Senior Associate and Pitchaya Kittiwittayakul, Associate.


     

  • Weerawong C&P represented GPSC in the THB 139 billion acquisition of a majority stake in Glow Energy
     

  • Weerawong C&P represented Global Power Synergy Public Company Limited (GPSC), the power flagship company of PTT Group, in the acquisition of a majority stake in Glow Energy Public Company Limited from Engie Global Developments B.V. and the subsequent tender offer.

    The transaction was valued up to THB 139 billion (USD 4.1 billion). Weerawong C&P advised on M&A, corporate governance, merger control and obtaining approval from the Energy Regulatory Commission in this landmark transaction. This was the largest acquisition in Thailand’s energy sector in 2018.

    The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner, Samata Masagee, Partner and Natira Siripun, Associate.
     

  • Weerawong C&P has been engaged by the Department of Highways as an advisor in relation to the Bang Pa-in – Nakhon Ratchasima Intercity Motorway M6 PPP project
  • Weerawong C&P has been engaged by the Department of Highways as an advisor in relation to the Bang Pa-in – Nakhon Ratchasima Intercity Motorway (M6) PPP project. This deal is one of the first two projects that are part of the government’s “Master Plan of Intercity Motorways” projected to be carried out throughout the years 2017 – 2036, comprising 21 highway routes connecting numerous provinces all across Thailand.

    The firm’s work is focused on the drafting, revising, and advising the DOH on its various project agreements and negotiating on behalf of the DOH with the private entities. The firm has assisted the DOH in drafting all of the bidding documents. The firm will also assist the DOH in conducting and analyzing the results of market sounding.

  • Weerawong C&P has been engaged by the Department of Highways as an advisor in relation to the Bang Yai – Kanchanaburi Intercity Motorway - M81 PPP project
  • Weerawong C&P has been engaged by the Department of Highways as an advisor in relation to the Bang Yai – Kanchanaburi Intercity Motorway (M81). This deal is one of the first two projects which are a part of the government’s “Master Plan of Intercity Motorways” projected to be carried out throughout the years 2017 – 2036, comprising 21 highway routes connecting numerous provinces all across Thailand.

    The firm’s work is focused on the drafting, revising and advising the DOH on its various project agreements and negotiating on behalf of the DOH with the private entities, as well as assisting the DOH in the drafting of all of the bidding documents. The firm will be also assist in conducting and analyzing the results of market sounding.

  • Weerawong C&P has been engaged by the Office of the Eastern Economic Corridor of Thailand as an advisor for the Thai-Airbus Maintenance Repair Overhaul Centre
  • Weerawong C&P has been engaged by the Office of the Eastern Economic Corridor of Thailand (EEC) as an advisor for the Thai-Airbus Maintenance Repair Overhaul Centre.

    The first of its kind, the THB 10.3 billion (USD 330 million) centre will be based in the U-Tapao International Airport to serve the maintenance needs of aircrafts.

    The firm closely works with the EEC in reviewing the bidding documentation (such as the business case and the request for proposals) and reviewing bidding submissions. The firm also advises the working team of the EEC and Thai Airways Public Company Limited in relation to the PPP framework and the appropriateness of application to this particular project.

  • Weerawong C&P has been engaged by the Office of the Eastern Economic Corridor of Thailand (EEC) as an advisor for the Laem Chabang Deep Sea Port
  • Weerawong C&P has been engaged by the Office of the Eastern Economic Corridor of Thailand (EEC) as an advisor for the Laem Chabang Deep Sea Port valued at THB 150 billion (USD 4.8 billion).

    This port is located at a strategic location and is envisioned to service the transport of goods between Thailand and other ASEAN countries.

    The firm works closely with the EEC in reviewing the bidding documentation (such as the business case and the request for proposals) and reviewing bidding submissions. The firm also advises the working team of the Port Authority of Thailand to discuss the PPP framework and the appropriateness of application to this particular project.

  • Weerawong C&P has been engaged by the Office of the Eastern Economic Corridor of Thailand as an advisor for the U-Tapao International Airport
  • Weerawong C&P has been engaged by the Office of the Eastern Economic Corridor of Thailand (EEC) as an advisor for the U-Tapao International Airport project valued at THB 200 billion (USD 6.4 billion).

    The new airport is part of the Ministry of Transport development plan to create a new hub designed to host international airlines providing services for three provinces (Chachoengsao, Rayong and Chonburi).

    The firm works closely with the EEC in reviewing the bidding documentation (such as the business case and the request for proposals) and reviewing bidding submissions. The firm also advises the working team of the Royal Thai Navy to discuss the PPP framework and the appropriateness of application to thi particular project.

  • Weerawong C&P has been engaged by the Office of the Eastern Economic Corridor of Thailand as an advisor for the THB 237 billion high-speed rail link for three airports
  • Weerawong C&P has been engaged by the Office of the Eastern Economic Corridor of Thailand (EEC) as an advisor for the THB 237 billion (USD 7.6 billion) high-speed rail link for three airports (Don Mueang, Suvarnabhumi, and U-Tapao International Airports) connecting Bangkok to the EEC province with stations at important hubs in major cities along the Gulf of Thailand.

    The firm works closely with the EEC in reviewing the bidding documentation (such as the business case and the request for proposals) and reviewing bidding submissions. The firm also advises the working team of the State Railway of Thailand in relation to the PPP framework and its application to this particular project.

  • Weerawong C&P has been engaged by CAT as an advisor in relation to Digital Park Thailand
  • Weerawong C&P has been engaged by CAT Public Company Limited (CAT) as an advisor in relation to Digital Park Thailand, a new business community and digital ecosystem with a vibrant mix of office, residential, education and lifestyle uses creating a new data hub strategically located in Chonburi province.

    The park is designed to play an important role in the ASEAN Economic Community, with ultra-high speed broadband infrastructure powered by CAT Public Company Limited, international submarine cable station, data center and satellite station.

    The firm works closely with CAT in reviewing the bidding documentation and bidding submissions under the public private partnership model. The firm also advises CAT on the PPP framework and the application to this particular project.

  • Weerawong C&P represented Dusit Foods in its acquisition of a 51% equity stake in Epicure Catering
  • Weerawong, Chinnavat & Partners Ltd. represented Dusit Foods Co., Ltd., a subsidiary of Dusit Thani Public Company Limited, one of Thailand's leading hotel and property development companies, in its acquisition of a 51% equity stake in Epicure Catering Co., Ltd., a leading provider in quality catering services to international schools in Southeast Asia. The deal, part of Dusit Thani’s strategy to diversify its lines of business to enhance revenue creation, closed on 30 January 2019.
     
    The Weerawong C&P team led by partner Panuwat Chalongkuamdee included associates Parithat Chamnongsilp, Supasiri Korattana and Pitchapa Tiamsuttikarn.
     
  • Weerawong C&P represented dtac in the landmark agreement to settle legal disputes with CAT
  • Weerawong C&P represented 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.


    The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner included Sappawit Jansuparerg, Senior Associate and associates Parithat Chamnongsilp, Natthanun Suksomboon and Passawish Sapklin.
     

  • Weerawong C&P advised dtac TriNet Co., Ltd., on the application for the auction of the 900 MHz spectrum license.
  • Weerawong C&P advised 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.

     Weerawong C&P team led by Warathorn Wongsawangsiri, Partner included associates Yindee Limpives and Natthanun Suksomboon.

  • Weerawong C&P represented Bangkok Bank in the issuance of USD 300 million Guaranteed Senior Perpetual Capital Securities by Minor International
  • Weerawong, Chinnavat & Partners Ltd. (Weerawong C&P) represented Bangkok Bank Public Company Limited in the issuance of USD 300,000,000 Guaranteed Senior Perpetual Capital Securities, guaranteed by Bangkok Bank Public Company Limited acting through its Singapore branch, by Minor International Public Company Limited. The securities are rated Baa2 by Moody’s and BBB+ by Fitch Ratings.


     

    The securities represent the first private corporation from Thailand in the public USD markets since 2007 and the first ever bank-guaranteed public USD bond from a South-East Asian corporation.

     

    The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner included James Lawden, Senior Counsel and Sappawit Jansuparerg, Senior Associate.
     

  • Weerawong C&P represented Dusit Overseas Company Limited (Hong Kong) in the acquisition of all shares in Elite Havens Group
  • Weerawong, Chinnavat & Partners Ltd. represented Dusit Overseas Company Limited (Hong Kong), a subsidiary of Dusit Thani Public Company Limited, in the acquisition of all shares in Elite Havens Group led by LVM Holdings Pte. Ltd. (LVM Holdings), a company incorporated in Singapore. LVM Holdings holds shares in nine companies in the business of marketing, booking and full-service management of luxury residences and villas in Asia Pacific. The deal valued at USD 15 million (THB 495 million) closed on 18 September 2018.

    The Weerawong C&P team led by Panuwat Chalongkuamdee, Partner included associates, Parithat Chamnongsilp, Pitchapa Tiamsuttikarn and Prateep Lumrungruang.
     

  • Weerawong C&P advised dtac and its subsidiary dtac TriNet in relation to the Tower Dispute Settlement, Tower Service Agreement and Fiber and other Equipment Service Agreement with CAT Telecom
  • Weerawong C&P advised Total Access Communication Plc and its subsidiary dtac TriNet Co., Ltd., (together “dtac”), major mobile service providers in Thailand, in relation to the entering into the Tower Dispute Settlement and Tower Service Agreement as well as the Fiber and other Equipment Service Agreement with CAT Telecom Public Company Limited (formerly, the Communications Authority of Thailand) (“CAT”).


    dtac is the first telecom company to reach an agreement with its concession grantor (i.e. CAT) to settle their long standing tower disputes. dtac has also agreed to lease the disputed towers and other telecom equipment for its continued operations.  The transaction provides mutual benefits for the parties and great benefit to dtac customers.
     

  • Weerawong C&P advised dtac in relation to the auction of the 1800 MHz spectrum license held by the NBTC
  • Weerawong C&P advised Total Access Communication Plc 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).

    The acquisition of the 1800 MHz spectrum as part of dtac’s current portfolio will not only allow dtac to maintain 2G service for its large base of customers but will also provide 4G network capacity to serve the massive growth of data usage in Thailand.

    The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner and Warathorn Wongsawangsiri, Partner included associates Natthanun Suksomboon and Passawish Sapklin.
     

  • Weerawong C&P represented Thai Union in the acquisition of 25.1% shares in Thammachart Seafood Retail Co.
  • Weerawong, Chinnavat & Partners Ltd. represented Thai Union Group Public Company Limited, a major international producer of seafood-based food products, in the acquisition of 25.1% shares in Thammachart Seafood Retail Co., Ltd., a wholesaler and retailer of seafood products and operator of seafood restaurants in Thailand. The deal valued at THB 34,000,000 (USD 1 million) closed on 29 June 2018.
     
    The Weerawong C&P team led by Samata Masagee, Partner included associates Parithat Chamnongsilp and Pitchapa Tiamsuttikarn.
  • Weerawong C&P represented Thaioil Marine, a subsidiary of Thai Oil, in its acquisition of 45% shares in TOP Maritime Services
  • Weerawong, Chinnavat & Partners Ltd. represented Thaioil Marine Co., Ltd. (TM), a subsidiary of Thai Oil Public Company Limited, in its acquisition of 45% shares in TOP Maritime Services Co., Ltd. (TMS) from existing shareholders, increasing the TM shareholding of TMS to 100%. The transaction was valued at THB 81 million (USD 2.4 million) and closed on 21 June 2018.

    The Weerawong C&P team led by Patcharaporn Pootranon, Partner included Chanvit Prachayapipat, Senior Associate and Trin Ratanachand, Associate.
     

  • Weerawong C&P represented Prananporn in the acquisition of newly issued shares in The One Enterprise
  • Weerawong C&P represented Prananporn Co., Ltd. in the acquisition of newly issued shares in The One Enterprise Co., Ltd. resulting in Prananporn Co., Ltd. holding 50% of the total shares. The deal valued at THB1,905 million closed in May 2017.

    The One Enterprise is the parent company of GMM One TV Co., Ltd., Act Studio Co., Ltd and Exact Scenario Co., Ltd.

    The Weerawong C&P team led by Weerawong Chittmittrapap, Senior Partner included associates Peerapat Kumpayorm, Peerasak Sukpisit, Pimkwan Subprasert and Rapeeporn Sangjampa.

  • Weerawong C&P represented Dusit Thani in the acquisition of a stake in NR Instant Produce
  • Weerawong C&P represented Dusit Thani Public Company Limited in the acquisition of a stake in NR Instant Produce Co., Ltd. (NRIP). Dusit Thani is one of Thailand’s foremost hotel and property development companies. NRIP is a leading company engaging in the production and export of ready-made food to Europe, American and Australia.

    Dusit Thani acquired 2,452,000 ordinary shares and 200,000 newly issued shares of NRIP, representing 25.9 percent of total shares of NRIP. The deal valued at THB 663 million (USD 21 million) closed in February 2018.

    The team was led by Panuwat Chalongkuamdee, Partner and Parithat Chamnongsilp, Associate.
     

  • Weerawong C&P represented TCC Assets in a joint investment with GMM Grammy
  • Weerawong C&P represented TCC Assets Co., Ltd. in relation to the joint investment through Siridamrongdham Co., Ltd. and Bhakdivattana Co., Ltd. with GMM Grammy Public Company Limited in digital television, radio and online broadcasting and content provider businesses, namely, GMM25 digital TV channel, EFM 104.5Mhz, Green Wave 106.5Mhz, Chill Online and GMM TV by the subscription of 50% newly-issued shares in GMM Channel Trading Co., Ltd. The deal valued at THB 1 billion (USD 32 million) closed in December 2017.

    The team led by partner Samata Masagee included associates Peerapat Kumpayorm, Visit Phromsiripong, Tirayu Songdacha and Arnut Pongprueksa.
     

  • Weerawong C&P advised Key Safety Systems in its acquisition of Takata assets and operations in Thailand
  • 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 in the sale of its operations in South East Asia to AIAC
  • 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 PTTGC in a joint venture with Kuraray and Sumitomo
  • 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 PTTEP in the assignment and transfer of a 22.22% stake in Bongkot Project
  • 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 acted as counsel for dtac, dtac Trinet and TeleAssets in the lease of 2300 MHz network device and equipment by TeleAssets to TOT Public Company Limited as well as the 2300 MHz network domestic roaming service by dtac Trinet

  • 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 True Properties in the establishment of Bualuang Office Leasehold Real Estate Investment Trust (BWORK)
  • Weerawong C&P represented True Properties Co., Ltd. in the establishment of Bualuang Office Leasehold Real Estate Investment Trust (BWORK), having Krung Thai Asset Management Public Company Limited as the Trustee and BBL Asset Management Company Limited as the REIT Manager. BWORK has invested in the 30-year leasehold rights of land and buildings, namely True Tower 1 on Ratchadapisek Road and True Tower 2 on Pattanakarn Road, Bangkok.
     
    The total investment value is approximately THB 4,000 million (approximately USD 145 million) which was raised from the issuing of new IPO trust units and money borrowed from Bangkok Bank Public Company Limited. The first day of trading was on 28 February 2018.
     
    The Weerawong C&P team was led by Khemajit Choomwattana, Partner, Panida Wongsriyanon, Senior Associate.
  • Weerawong C&P represented PTT Public Company Limited in the purchase of ordinary shares of IRPC
  • 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 in the THB 37 billion (approximately USD 1.15 billion) financing for five onshore wind projects in Northeast Thailand
  • 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 Symphony Communications and its major shareholders in the Partial Tender Offer for 37 per cent of its shares launched by TIME dotCom International Sdn Bhd
  • 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 in the conversion of CPNRF into CPNREIT valued at USD 1.44 billion, the largest REIT in Thailand
  • 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 C&P represented Thai Alliance Co., Ltd. in the pre-conditional voluntary tender offer to acquire a 47.3 percent interest in SiS Distribution (Thailand) Public Company Limited
  • 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 on its initial public offering
  • 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 Thai Bev on the USD 726.6 million acquisition of ownership interests in the MDC Group, Myanmar
  • 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 C&P represented BTS Group Holdings in the THB 63,360 million financing for the new mass transit Pink Line and Yellow Line monorail systems
  • 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 and Wybrant Holding in the IPO of TOA Paint (Thailand) Public Company Limited
  • 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 C&P represented Origin Property Public Company Limited in the THB 4 billion acquisition of all shares in Proud Residence Co., Ltd.
  • Weerawong, Chinnavat & Partners Ltd. (Weerawong C&P) represented Origin Property Public Company Limited (ORI) in the THB 4 billion acquisition of all shares in Proud Residence Co., Ltd., the developer of The Park 24, a luxury condominium project in the central business district of Bangkok. At the same time, ORI offered newly-issues shares valued at THB 1 billion under private placement  to the existing shareholders of Proud Residence. By entry into this transaction, ORI will be able to improve its business capabilities and competitiveness through expansion into the high-end condominium industry, thereby enhancing brand recognition and perception in the higher demographic of customers. The deal closed on 2 October 2017.
     
    The Weerawong C&P team led by Sunyaluck Chaikajornwat, Partner included M&A associates Jirapat Thammavaranucupt and Arnut Pongprueksa as well as capital markets team, Sawita Peetawan, Senior Associate, and associates Kulnisha Srimontien and Trin Ratanachand.   
  • Weerawong C&P represented Sermsang Power Corporation in the offering of 276,375,000 shares valued at THB 2.1 billion
  • 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 C&P represented Oaktree Capital on the USD 500 million business combination of Fitness First Asia and Celebrity Fitness to create one of the largest fitness club networks in Asia
  • 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 C&P represented Krung Thai Asset Management in the THB 125.58 billion asset sales of TCIF, THIF and TRIF to Asset World Company Limited
  • 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 advises Dusit Thani in a JV with Central Pattana for the development of a large-scale, mixed-use real estate project valued at USD 1.05 billion in the CBD of Bangkok
  • Weerawong C&P represented 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.

     
    The Weerawong C&P team was led by Weerawong Chittmittrapap, Senior Partner, Panuwat Chalongkuamdee, Partner and mergers and acquisitions associates Parithat Chamnongsilp and Yanin Sirilak, as well as Banphot Kittikinglert and Pratumporn Somboonpoonpol, Senior Associates of the corporate governance team.

     
  • 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
  • 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, Chinnavat & Partners Ltd. represented the Asset World Corp Co., Ltd. group (AWC) in two acquisition financing transactions:        
  • - 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.
     

  • Weerawong C&P represented TPI Polene Power Public Company Limited in connection with the spin-off and offering of shares on the Stock Exchange of Thailand and international offering under Regulation S of the US Securities Act 
  • Weerawong, Chinnavat & Partners Ltd. (Weerawong C&P) represented TPI Polene Power Public Company Limited (the Issuer), a subsidiary of TPI Polene Public Company Limited, as Thai legal counsel in connection with the spin-off and offering of shares under Thailand’s 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.
     
    CIMB Securities (Thailand) Company Limited, Maybank Kim Eng Securities (Thailand) Public Company Limited and TISCO Bank Public Company Limited acted as Thai Financial Advisors and CIMB Securities (Singapore) Pte. Ltd. and Maybank Kim Eng Securities Pte. Ltd. as International Bookrunners in the offering. TPI Polene Power is a power plant operator in Thailand, with the largest waste-to-energy power plant operations in the country in terms of installed waste-to-energy power generation capacity.
     
    This is one of Thailand’s largest offerings and the largest since the EGAT North Bangkok offering. The deal valued at THB 17.5 billion (approximately USD 508 million) closed on 5 April 2017.
     
    The Weerawong C&P team was led by Peangpanor Boonklum, Senior Counsel and Patcharaporn Pootranon, Partner and associates Poonsook Pornpathananangoon and ThitawanThanasombatpaisarn.
  • Weerawong, Chinnavat & Peangpanor Ltd. (Weerawong C&P) represented Bangkok Mass Transit System Public Company Limited (BTSC) on its issue totaling THB 22 billion (approximately USD 618 million) senior unsecured debentures in multiple tranches and with maturities up to 2026
  • Weerawong, Chinnavat & Peangpanor Ltd. (Weerawong C&P) represented Bangkok Mass Transit System Public Company Limited (BTSC) on its issue totaling THB 22 billion (approximately USD 618 million) senior unsecured debentures in multiple tranches and with maturities up to 2026. The debentures were issued to finance the electrical and mechanical systems of the Green Line sky train extensions (north - south) and other BTSC investments. Bangkok Bank Public Company Limited, Bank of Ayudhya Public Company Limited, The Hongkong and Shanghai Banking Corporation Limited and Phatra Securities Public Company Limited acted as underwriters. The debentures were issued on 10 November 2016.
     
    These are the first debentures issued by BTSC since its public offering of debentures in 2009, and were issued in a placement to institutional and high net-worth investors. The debentures are rated “A” with stable outlook by Tris Rating Co., Ltd. and “A(tha) with stable outlook by Fitch Ratings Thailand Limited.
     
    The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner, Jongtip Tangsripairoje, Senior Associate and Kulnisha Srimontien, Associate
  • Weerawong, Chinnavat & Peangpanor Ltd. represented Berli Jucker Public Company Limited on the THB 80 billion refinancing in the acquisition of Big C Super Center
  • Weerawong, Chinnavat & Peangpanor Ltd. represented Berli Jucker Public Company Limited on the THB 80 billion refinancing in theacquisition of Big C Super Center. Seven major banks participated in therepayment and refinancing of the loans under a bridging facility in the amountof €3.2 billion and a tender offer facility in the mount of THB 88 billion. Thetransactions closed on 9 September 2016. The refinancing followed the USD 6.2billion acquisition of a majority stake in Big C Thailand in March 2016, thelargest acquisition financing in Thailand in 2016 to date.

    The Weerawong C&P team was led by partner Passawan Navanithikul and senior counsel James Lawden.
  • Weerawong, Chinnavat & Peangpanor Ltd. represented Pace Development Corporation Public Company Limited in the allocation of newly issued shares to private placement 
  • Weerawong, Chinnavat& Peangpanor Ltd. (Weerawong C&P) represented Pace Development Corporation Public Company Limited, aleader in Thai luxury property and hospitality, in the allocation of 176,350,000 newly issued shares to private placement in a capital increase for the purchase of a real estate project in Japan, as well as 320,000,000 newly issued shares by general mandate to global institutional investors in a private placement. The transaction was valued at THB 1,489,050,000 (approximately USD 43 million). The lead underwriter for this share offering was Asia Plus Securities and the Placement Agent was CLSA Singapore Pte Ltd.

    The Weerawong C&P team was led by Peangpanor Boonklum, Senior Counsel, Veeranuch Thammavaranucupt, Senior Partner, Sawita Peetawan, Senior Associate and Duangporn Wongnimmarn, Associate.
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