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.