Intouch Holdings Public Company Limited , an indirect associated company of Singapore Telecommunications Limited , has announced a merger agreement with Gulf Energy Development Public Company Limited .
The agreement, signed on 16 July, will see the two companies amalgamate under the Public Company Limited Act B.E. 2535 of Thailand. The completion of the merger will result in the dissolution of both Intouch and Gulf, paving the way for the creation of a new legal entity,"NewCo," which will hold the status of a public limited company in Thailand. Shares of NewCo are expected to be listed and traded on the Stock Exchange of Thailand .
In conjunction with the merger, both Intouch and Gulf along with Gulf’s major shareholder, Sarath Ratanavadi, are required to conduct a conditional voluntary tender offer for all issued shares of Advanced Info Service Public Company Limited. Strategic Investments Pte. Ltd. , a wholly-owned subsidiary of Singtel and holder of approximately 23.3% of AIS shares, intends to participate in the VTO as a joint offeror alongside Gulf, Intouch, and Ratanavadi....
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.Singapore GDP up 2.