Weerawong, Chinnavat & Peangpanor Ltd. (WC&P) represented VGI Global Media, Thailand’s largest ‘Out-of-Home’ media company, on its initial public offering (IPO), in addition to advising on the company’s corporate restructuring and share listing on the Stock Exchange of Thailand (SET). The company floated 88 million shares in its Baht 3 billion (US$100 million approx.) IPO, and Bualuang Securities acted as underwriter, with TISCO Securities as financial advisor and underwriter for the transaction. The IPO closed on October 4, 2012.

VGI is a subsidiary of the Bangkok Mass Transit System Co. Ltd. (BTSC), sole-concessionaire to the core network of the BTS Skytrain in Bangkok.  Importantly, VGI is also the media and advertising company for the BTS Group, Thailand’s leading provider of mass transit solutions, and as such manages all advertising on the BTS Skytrain – ad space of 27,000 square meters at 23 stations and on 47 trains. Through its affiliation with the BTS Group, VGI also manages advertising at major retailers and commercial buildings across Bangkok.

Peangpanor Boonkulm,  Executive Partner, led the project team which also included Paradorn Leosakul,  Counsel, Yaowarote Klinboon, Senior Associate, Kom Vachiravarakorn,  Associate, and Pratumporn Somboonpoonpol, Associate.