Thailand's Gulf Energy to seal crypto JV with Binance in Q2


BANGKOK, Feb 5 (Reuters): Thai power producer Gulf Energy Development Pcl expects to finalise a joint venture (JV) with the world's biggest cryptocurrency exchange, Binance, in the second quarter this year, a senior executive told Reuters in an interview.

"Once we conclude talks with Binance on business model and shareholder agreements, a JV will be formed, which will apply for the license with regulators," Gulf chief financial officer Yupapin Wangviwat said.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Thailand , Gulf Energy , Agreement , JV , Binance

Next In Aseanplus News

Japan-owned vessel passed through Strait of Hormuz on Friday (June 19), Japan says
Singaporean art director Amanda Koh wins Emmy after 17 years in Hollywood
Have an Indian ancestor? A new proposal could soon let you play sport for India
JB man found dead after missing since Thursday
Manpower restructuring at govt hospitals is temporary, says Dr Dzul
Investor group sues company, two office bearers over fraud linked to RM20.5mil investment
China invests over 1.7bil yuan to upgrade Pingxiang border FTZ, boost trade with Vietnam
Three Singaporean friends raise over S$44,000 for cancer research by running relay for 10 days in China
Prosecution closes case against former Perlis MB after 21 witnesses testify
Oil rises as uncertainty mounts over US-Iran truce

Others Also Read