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The Commerce Ministry, in cooperation with the Foreign and Tourism ministries, will lead a mission of businesses of all sizes on a roadshow to targeted markets.

Commerce Minister Chatchai Sarikulya said yesterday that the targeted markets were Asean, elsewhere in Asia, some countries in Europe, and Africa.

The ministry yesterday organised the second business-matching fair for 220 local operators and 160 foreign businesses from 14 countries, including importers, supermarkets, retailers and wholesalers.

The first business-matching session generated immediate orders for one-year contracts worth Bt367 million.

tcc eyes singapore’s |united engineers

Thailand’s richest man Charoen Sirivadhanabhakdi is poised to start examining the finances of United Engineers, a Singapore property and construction company, people with knowledge of the matter told Bloomberg.

Charoen’s TCC Top Enterprise plans to begin due diligence on United Engineers and its WBL Corp unit next week, the people said, asking not to be named as the process is private.

Exclusive talks with minority shareholder Oversea-Chinese Banking Corp and its insurance arm will expire six weeks after due diligence starts, according to an August filing.

OCBC, its Great Eastern Holdings unit and the bank’s founding Lee family own a combined 34.1-per-cent stake in United Engineers, according to a filing in August last year.

Under Singaporean rules, buying more than 30 per cent would trigger a mandatory takeover offer for United Engineers, which has a market capitalisation of 1.83 billion Singapore dollars (Bt45.7 billion).

krungthep land |acquisition approved

Gloden Golden Land Property Development’s shareholders yesterday approved the company’s acquisition of a major stake in Krungthep Land at the price of Bt2 per share.

“This is good for business expansion following the plan,” Golden Land president Thanapol Sirithanachai said.

nkg OPENS PLANT IN PHETCHABURI

New Kinpo Group, an electronic-products manufacturer based in Taiwan, has opened a factory in Phetchaburi for image-printing products to meet rising global demand.

NKG’s parent company, Kinpo/Campal Group, has annual revenue of more than US$30 billion (Bt985 billion). NKG’s annual revenue is $7 billion.

NKG says it is investing throughout Southeast Asia to offer customers greater flexibility, lower costs, faster delivery times and world-class product quality.

This is NKG’s ninth factory in Thailand and 18th in Southeast Asia.

With manufacturing sites located strategically throughout the world – including not only Thailand, the Philippines and Malaysia, but also the US, Brazil and Mexico – and a vertically integrated model, NKG claims it is able to achieve lower manufacturing costs and greater efficiencies than other global companies in the same business.