Deal Announcements

  • 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.
     

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