Tanapong Damkerngkhajornwong

Associate


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Tanapong Damkerngkhajornwong is an associate in the mergers and acquisitions practice group at Weerawong C&P. He advises domestic and international clients on mergers, acquisitions and joint ventures involving listed and non-listed companies, including tax matters. 

 
Recent Experience

 
Representation of Global Power Synergy Public Company Limited (GPSC), the power flagship company of the PTT Group, in the restructuring of GPSC’s battery business by transferring the battery business (both shares and assets) to Nuovo Plus Co., Ltd., a joint venture company with Arun Plus Co., Ltd. (a wholly-owned subsidiary of PTT Public Company Limited (PTT)) with a view to a greater expansion of the battery business both in Thailand and outside Thailand. The transaction value was THB 2,428 million. The deal was signed in February 2022 and closed in 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. (Note: This is also on VK’s CV.)

Representation of Cardinal Health, a leading pharmaceuticals distributor, in its disposal of the Cordis business, which develops and manufactures cardiology and endovascular technology, in Thailand to a private equity firm Hellman & Friedman (H&F) through an asset sale. The transaction was part of Cardinal Health’s global disposal of the Cordis business which was valued at approximately USD 1 billion. The deal signed in March 2021 and closed in August 2021. (Note: This is also on VK’s CV.)

 

Education

LL.M. Advanced Studies in EU Tax Law, Leiden University, the Netherlands, 2016

LL.B. (Honors), Chulalongkorn University, 2011

Languages

Thai, English

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