Thai and international counsel to Thai Life Insurance Public Company Limited (the issuer) on the THB37.1bn (USD1.01bn) initial public offering (the IPO) and listing on the Stock Exchange of Thailand. The deal represented the largest IPO in Thailand during calendar year 2022 and was Awarded ‘Best Equity/IPO Deal of the Year in Thailand’ at the 16th Annual Best Deal & Solution Awards 2022 by Alpha Southeast Asia.

Thai and international counsel to the underwriters on the THB78.1bn (USD2.4bn) initial public offering (IPO) and listing of Central Retail Corporation Public Company Limited (CRC) on the Stock Exchange of Thailand. The transaction also involved the group restructuring of CRC, including the delisting tender offer for Robinson Public Company Limited, concurrent with the IPO process. This was the largest IPO in Thailand to date and the second largest IPO globally of a retail focused company.

A global financial institution on its groundbreaking voluntary tender offer for Bank of Ayudhya. This was the largest ever acquisition by a Japanese bank in Asia, with a deal value in excess of USD6bn. This cross-jurisdictional deal saw the financial institution become the first Japanese banking group to control a major Southeast Asian bank. Also advised on all contractual and regulatory aspects, as well as on post-integration matters.

PTT LNG Co., Ltd. (a wholly owned subsidiary of PTT Public Company Limited) on its sale of shares to the Electricity Generating Authority of Thailand in a joint venture company that operates an LNG receiving terminals business on Thailand’s eastern seaboard. The LNG Receiving Terminal-2 Project, located in Nong Fab sub-district, strives to enhance the competitiveness of the country’s natural gas business in line with Thailand’s natural gas market liberalisation; will support LNG imports to meet demand; will build long-term power security for the country; as well as drive Thailand to become a regional LNG hub in ASEAN.