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BANGKOK (The Nation/ANN): The family behind the Charoen Pokphand (CP) Group was named the 21st richest family in the world by Bloomberg this month.
Britain’s largest retailer Tesco plc’s sale of its business in Thailand and Malaysia to Thai conglomerate CP Group emerged as the largest deal in South-East Asia during the first quarter of 2020.
PHNOM PENH: Thailand’s CP Group will oversee the Cambodian debut of 7-Eleven convenience stores next year under a master franchise agreement with 7-Eleven Inc, the US subsidiary of 7-Eleven Japan Co.
A common theme in the notes of companies quarterly results is how the movement control order (MCO) and Covid-19 pandemic is affecting their business. Are rental rates in Suria KLCC affected and what mitigating measures are being taken by the company.
BANGKOK (AFP): Gourmet take-out delivered by a butler in a black sedan - Thailand's super-rich have not forgone luxury during a pandemic which has locked the country down, crushed the economy and left millions unemployed.
BANGKOK (The Nation/ANN): Nine of the country's richest business magnates have pledged projects worth billions of baht in response to Prime Minister Prayut Chan-o-cha's plea to them for contributions to rebuild the economy following the Covid-19 crisis.
TESCO Stores (Malaysia) Sdn Bhd was never a core business for Sime Darby Bhd. The disposal of its 30% stake to CP Group of Thailand for RM300mil may be small relative to Sime Darby’s market capitalisation of RM13.6bil.
HONG KONG/SINGAPORE: Asia's dealmakers are looking to distressed sales and a pick-up in take-private deals after fallout from the coronavirus outbreak sent first-quarter M&A activity to a seven-year low.