Weerawong C&P represented Universal Music Group, the world leader in music-based entertainment, in its investment of 70% shareholding in a joint venture with an estimated value of THB 1.6 billion, with RS Music, one of Thailand’s most successful music and entertainment companies, holding a 30% shareholding. Since completion, the joint venture has acquired and managed the music catalogues of more than 10,000 songs and their related content dating from 1981-2022, such as music videos, lyrics, compositions, pictures, photographs, and other rights under license agreements. The catalog represents more than 960 popular and well-known artists. The deal closed on 10 November 2023.

The deal led by Siregran Sakuliampaiboon, Counsel included associates Warisa Monsawat and Tasha Tiensilakul.

Weerawong, Chinnavat & Partners Ltd. represented BAFS Clean Energy Corporation Company Limited (“BC”), a subsidiary of Bangkok Aviation Fuel Services Public Company Limited (BAFS) in the acquisition of ATC Enviro Co., Ltd. (“ATCE”), PDI Mae Ramat Co., Ltd. (“PDIMR”) and P.P. Solar (Nong-No) Co., Ltd. (“PPS”) from PDI Energy Company Limited, a subsidiary of Padaeng Industry Public Company Limited.

Debt Counselling Project – Practical training for law students at Chulalongkorn University and Thammasat University

Weerawong C&P is honored to participate in a pro bono project run by Chulalongkorn University and Thammasat University assisting debtors who have been negatively affected by the Covid-19 pandemic. Our lawyers provide training for the faculty of law students offering debt counseling services for individuals and SMEs. 

The initial online training sessions for law students held on 17-18 July 2021 focused on the substantive and procedural law aspects of debt counselling. Subsequent ongoing mentoring sessions have provided in-depth knowledge and practical advice in order to assist individuals and SMEs in resolving their debt problems.

Weerawong Chittmittrapap, Senior Partner, commented, “This project is a collaboration of legal professionals who are dedicated to assisting their community in a time of need. I am particularly impressed by the positive outcomes achieved in a short period of time – the law students have assisted clients in resolving debt issues in more than 30 cases.”

Jedsarit Sahussarungsi, Senior Associate, is an active member of the project, “This great initiative basically turns challenges into opportunities. It is my honor to participate in this project and share my experience with brilliant young minds from Thammasat and Chula, who are eager to help others during these troubling times. This project has already positively impacted so many lives and raised awareness about household debt problems. I’m sure the students learnt a lot from their clients and had fun putting their knowledge into practice.”

Participating Weerawong C&P lawyers include senior associates Poonpat Vasupongpipat, Jedsarit Sahussarungsi and Supasiri Korattana, and associates Thanawan Kirdsinsap, Peeradon Monjaiang, Sakaewan Boonsuriyaphan and Thaya Uthayophas.

We look forward to continued participation in this effective and worthy project.

The Weerawong C&P team led by Patcharaporn Pootranon, Partner included James Lawden, Senior Counsel and associates Veerakorn Samranweth, ArisaThaweepanyayot and Irene Ittisarnronnachai.

Weerawong C&P represented Plan B Media Public Company Limited (PLANB), Thailand’s leading out-of-home advertising media provider, and its major shareholders, in the THB 4.6 billion (USD 144 million) allocation and sale of 18.6% of its shares to VGI Global Media Plc (VGI), a top provider of online-to-offline solutions across advertising, payment and logistics platforms. The deal closed on 27 March 2019. This merger placed both companies at the top of the Thai market with media inventories nationwide and enabled leveraging of core capabilities, new product development, product bundling, services and marketing.

The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner and Parithat Chamnongsilp, Senior Associate
 

Weerawong C&P represented NauticAWT Limited in the acquisition of 35% of the total issued and paid-up capital of Rich Restaurant Company Limited (“RRCL”).  RRCL is a limited company incorporated in Thailand and principally engaged in the manufacturing and distribution of food products in restaurants and franchises. It operates a fast casual restaurant business and franchises the same under the name “Chokdee Dimsum” which is an award-winning brand that serves high quality and a wide variety of Chinese-style dim sum and bak kut the in its branches across Thailand in addition to providing catering services through its central kitchen. The deal announced the completion on SGX on 10 January 2020.

The Weerawong C&P team led by Patcharaporn Pootranon, Partner included Chanvit Prachayapipat, Senior Associate and associates Taksatarn Sukpaladisai, Sompatsorn Liewpolvanit and Parawee Kittipokasap.

Weerawong C&P advised PTT Exploration and Production Public Company Limited Group in the exercise of liability management. The transaction comprised (i) partial tender for purchase of USD 700 million senior notes  issued by PTTEP Canada International Finance Limited, and (ii)  the issuance of the long term senior notes by PTTEP Treasury Center Company Limited in an aggregate principal amount of USD 350 million with the fixed interest rate of 2.993% per annum and the maturity date of 15 January 2030 under the USD 3 billion Global Medium Term Notes Program. Payments under the Notes are  guaranteed by PTTEP. The settlement date for the transaction was 15 January 2020.

The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner and Patcharaporn Pootranon, Partner included James Lawden, Senior Counsel and associates Veerakorn Samranweth, Ploypapas Ratanarangsimant, Arisa Thaweepanyayot and Irene Ittisarnronnachai.
 

Weerawong, Chinnavat & Partners Ltd. advised Citigroup Global Markets Limited, The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Singapore Branch as dealers in relation to the issue of USD 400,000,000 4.90 per cent Perpetual Additional Tier 1 Capital Securities issued under the USD 3,000,000,000 Euro Medium Term Note Programme by TMB Bank Public Company Limited (TMB), Cayman Islands branch.

The deal is the first-ever Basel III-compliant Additional Tier 1 notes from Thailand and the largest USD bond issuance from TMB to date. The notes are rated Ba3 by Moody’s.

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

Weerawong, Chinnavat & Partners Ltd. represented PTT Exploration and Production Public Company Limited (PTTEP) in the liability management transaction comprised of (i) tender for purchase of USD 500 million Subordinate Perpetual Securities issued by PTTEP Treasury Center Company Limited to foreign investors (the “Perpetual Securities”), (ii) the establishment of the USD 3 billion Global Medium Term Notes Program (the “Program”), and (iii)  the issuance of the long term senior notes in an aggregate principal amount of USD 650 million with the fixed interest rate of 3.903% per annum and the maturity date of 6 December 2059 under the Program.

In this regard, 93.83% of the Perpetual Securities, being equal to approximately USD 469.15 million, have been tendered and accepted to be purchased, where PTTEP Treasury Center Company Limited plans to exercise the right to redeem all of the remaining Perpetual Securities. The settlement date for the transaction was 6 December 2019.

The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner and Patcharaporn Pootranon, Partner included James Lawden, Senior Counsel and associates Veerakorn Samranweth, Ploypapas Ratanarangsimant, Arisa Taweepanyayot and Irene Ittisarnronachai.

Weerawong, Chinnavat & Partners Ltd. represented PTTPublic Company Limited (PTT) in the tender for purchase of USD 350million 5.875% Senior Notes due 2035 and USD 600 million 4.5% Senior Notes due2042 (“Existing Notes”) issued to foreign investors and the issuance andoffer to sell like-kind notes to the Existing Note holders. PTT conductedliquidity management by offering repurchase of the Existing Notes and providingfor PTT Treasury Center Company Limited, a subsidiary of PTT, to issue twoseries of new like-like kind notes. Payment under both newly-issued notes isguaranteed by PTT.  In aggregate, USD 245 million and USD 330 million ofthe principal amounts of the Existing Notes were tendered and accepted forpurchase and the same of principal amount of like-kind notes were issued. Thesettlement date for the transaction was 24 October 2019.

The Weerawong C&P team included VeeranuchThammavaranucupt, Senior Partner, Patcharaporn Pootranon, Partner, JamesLawden, Senior Counsel and associates Veerakorn Samranweth and PitchayaKittiwittayakul.
 

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 (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 Asset World Public Company Limited in the corporate restructuring and THB 48 billion 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, 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.
 

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

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, 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 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. 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). 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 represents BSR Joint Venture in relation to a contract to construct the Yellow Line monorail in a public-private partnership (PPP) with the Mass Rapid Transit Authority (MRTA) of Thailand.

The JV comprises BTS Group Holdings, Sino-Thai Engineering & Construction Public Company Limited and Ratchaburi Electricity Generating Holding Public Company Limited. The JV will construct the stations within three years and operate the monorail lines for 30 years. The line will span 30 km from Ladprao to Samrong and is estimated to cost THB 53 billion.

Weerawong C&P represents the consortium, BSR Joint Venture (JV) in relation to a contract to construct Bangkok’s Pink Line monorail in a public-private partnership (PPP) with the Mass Rapid Transit Authority (MRTA) of Thailand.

The JV comprises BTS Group Holdings, Sino-Thai Engineering & Construction Public Company Limited and Ratchaburi Electricity Generating Holding Public Company Limited. The JV will construct the stations within three years and operate the monorail lines for 30 years. The line will span 34.5 km from Khai Rai to Minburi and is estimated to cost THB 56.7 billion. Both lines are expected to be completed by 2020.

Weerawong C&P has been engaged by the Bangkok Mass Transit System Public Company Limited to advise on the implementation of a PPP mechanism in its Green Line Mass Transit Extension from Bearing to Samut Prakarn Section and Mo Chit to Saphan Mai – to Khu Khot Section.

The Green Line is the first and the main sky train line passing through all of the central business districts in Bangkok Metropolis. The firm advises BTSC on whether the projected plans are in line with the current PPP law and other regulations. The firm also advises on the EPC contract, the O&M contract, and the E&M contract.

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 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 (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 (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 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 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. (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., 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 advised Total Access Communication Public Company Limited (“dtac”), a major mobile service provider in Thailand, on the revocation of the resolutions of the National Broadcasting and Telecommunication Commission (“NBTC”) rejecting dtac’s interim measures for protection of subscribers after expiry of its concession with CAT before the Central Administrative Court. dtac won the case because the Central Administrative Court suspended the application of the resolutions of the NBTC.

The Weerawong C&P team led by Phisit Dejchaiyasak, Partner and Warathorn Wongsawangsiri, Partner included associates Nantinee Suthonpimol and Yindee Limpives.

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, 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 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, Chinnavat & Partners Ltd. represented Advanced Info Service Public Company Limited, the largest mobile telecommunications operator in Thailand, in the acquisition of a majority stake in CS Loxinfo Public Company Limited, one of Thailand’s leading internet and media business companies, from Singapore Telecommunications Limited and Thaicom Public Company Limited in a voluntary tender offer by its subsidiary, Advanced Wireless Network Co., Ltd (AWN) and the subsequent delisting tender offer by AWN. The deal valued at THB 2.6 billion (USD 78.57 million) closed in October 2017.

The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner and Samata Masagee, Partner included Wittaya Kaewkungsadan, Pratumporn Somboonpoonpol, Peerapat Kumpayorm, Visit Phromsiripong and Arnut Pongprueksa.
 

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, 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, Chinnavat & Partners Ltd. represented the Dealer Managers and Coordination Agents, namely Citigroup Global Markets Inc., Merrill Lynch (Singapore) Pte. Ltd. and Standard Chartered Bank in relation to PTT Global Chemical Public Company Limited’s liability management transaction, involving a tender offer to purchase its outstanding USD 1 billion 4.25% Senior Unsecured Notes due 2022 (the Existing Notes) from existing holders and the subsequent issuance by GC Treasury Center Company Limited of like-kind notes, guaranteed by PTT Global Chemical Public Company Limited, on terms substantially identical to the Existing Notes. The settlement date was 28 June 2018.  The transaction is an innovative one because notes issued by GC Treasury Center Company Limited for sale to investors outside Thailand will be exempt from Thai withholding taxes.

The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner, James Lawden, Senior Counsel and Pitchaya Kittiwittayakul, Associate.
 

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 Jasmine International Public Company Limited in relation to the THB 8.5 billion facility granted by The Siam Commercial Bank Public Company Limited. The loan is intended for refinancing and on-lending to its group companies. The deal closed in February 2018.

The Weerawong C&P team was led by Passawan Navanithikul, Partner and Sireedhorn Kittiphumwong, Associate.