Deal Announcements

  • Thailand, 29 May 2012 - Weerawong, Chinnavat & Peangpanor advised on Asia Aviation Pcl. IPO and Secondary Offering.
  • Weerawong, Chinnavat & Peangpanor Ltd. (WC&P) represented Asia Aviation Public Company Limited and selling shareholders in connection with the initial public offering (IPO) and offering of existing shares, in Thailand, as well on the international offering under Regulation S. Credit Suisse (Singapore) and CIMB Bank acted as international managers, while CIMB Securities (Thailand) Co., Ltd. and Thanachart Securities Plc. acted as underwriters for the 750 million new and 462.5 million existing shares of selling shareholders. This phase of the IPO closed on May 29, 2012.

    Asia Aviation Pcl. is the holder of 55% of the outstanding shares in Thai Air Asia Co., Ltd. (the other 45% of which are held by AirAsia Berhad), the leading Thai low-cost carrier which operates short-haul, point-to-point international and domestic routes.

    CIMB Securities (Thailand) Co., Ltd. and Thanachart Securities Plc. also acted as placement agents for the Secondary Offering involving 727.5 million existing shares of selling shareholders which completed on June 1, 2012. The IPO and secondary offering are valued at US$239.3 million (approx.) and the transactions were led by Partners Chatri Trakulmanenate and Peangpanor Boonklum with support from project team members: Visitsak Arunsurat, Sr. Associate, Yaowarote Klinboon, Sr. Associate, Patcharaporn Pootranon, Associate, Kongkoch Yongsavasdikul, Associate, Chutinan Chutima, Associate, Kom Vachiravarakarn, Associate, Aimsarin Jirasatapananon, Associate, and Thanyasin Namchan, Legal Assistant.
     

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