Weerawong, Chinnavat & Peangpanor Ltd. (Weerawong C&P) represented The Erawan Group, The Siam Commercial Bank, and SCB Asset Management on the IPO and listing of investment units in Erawan Hotel  Growth Property Fund (ERWPF) on the Stock Exchange of Thailand. The transaction closed on April 4, 2013 and was valued at US$63.2 million (approximately). The ERWPF invested on a freehold right basis in the Ibis Patong Hotel in Phuket, and the Ibis Pattaya Hotel in Chonburi,Thailand. Both hotels have guest capacity in excess of 250 rooms. The Siam Commercial Bank acted as underwriter for the transaction which consisted of an offering of 176 million investment units. SCB Asset Management acted as fund manager.

Kudun Sukhumananda, Partner, led the project team, which also included Associates; Samata Masagee, Mayuree Sapsutthiporn, Thitiporn Chaowasakoo, Real Estate Specialist, Chusak Suwanpuchai and legal Assistant Anusith Doungjai.