Briefs

The Finance Ministry will revise the criteria to apply for a nano-finance licence by reducing the required registered capital to Bt10 million from the current Bt50 million, Fiscal Policy Office director-general Krisda Chinavicharana said. The revision is expected to increase the number of nano-finance operators to at least 100 from the existing 29.

C&C TO PROMOTE
MAGNERS BRAND
C&C Group, a leading manufacturer, marketer and distributor of cider, beer, wine and soft drinks, continues to ramp up its international expansion with the announcement of a strategic distribution agreement with San Miguel Marketing Thailand Ltd to strengthen the sales and distribution of its Magners brand in Thailand.
San Miguel will work closely with C&C to expand distribution, sales and marketing of Magners Cider in Thailand, which is one of the largest cider markets in Asia for the brand. San Miguel Marketing Thailand currently manufactures a number of its own beer brands at its brewery in Pathum Thani and distributes these across Thailand.

WHA TO FOCUS ON
FOUR BUSINESSES
WHA Corporation is focusing on four business categories – logistics, digital, industrial, and utilities and power – now that the process for the acquisition and merger of Hemaraj Land and Development is complete.
After the last tender offer for the remaining 7.12-per-cent share of Hemaraj Land and Development, WHA Corp now has a 98.54-per-cent stake. Hemaraj was in effect delisted from the Stock Exchange of Thailand on Wednesday, marking the end of the acquisition process that started in late 2014. This has resulted in the creation of a fully consolidated entity with 2015 revenue of Bt12.06 billion and net profit of Bt1.95 billion.

BT300M WORTH OF
GOODS SEIZED
The Customs Department yesterday seized smuggled goods, including pirated products, worth more than Bt300 million.

STAGE SET FOR
PROPERTY SHOW
The Thai Real Estate Association, the Housing Business Association and the Thai Condominium Association are bringing more than 200 property developers and major financial institutions to the 34th House and Condo Show, which will be held from March 10-13 at the Queen Sirikit National Convention Centre in Bangkok.
The event is expecting to attract 150,000 visitors and generate more than Bt3 billion in sales onsite, with total sales of more than Bt7 billion before the end of next month.

EVONIK PLANT
WORK BEGINS
Evonik Industries has started basic engineering work for the construction of a second world-scale production plant for the amino acid DL-methionine in Singapore.
The plant complex, with a projected annual production capacity of 150,000 tonnes, is expected to come onstream in 2019. The Evonik committees have now approved the basic engineering.