Weerawong C&P represented 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.
The Weerawong C&P team led by Vipavee Kaosala, Partner included Supasiri Korattana (senior
associate), Pratumporn Somboonpoonpol (senior associate), Arnut Pongprueksa (associate), Warisa
Monsawat (associate), and Pitchaya Kittiwittayakul (associate). Chumpicha Vivitasevi and Rak-ake
Siribhadra assisted with the merger control aspects of this
transaction.