NINE, a Mai-listed company, is a leading book publisher and all-platform media agency which is intensifying investment in state-of-the-art digital services.
Naremit Innovation provides digital software solutions to leading customers around the world ranging from medical, financial, online payments and logistics. “We design, create, manage, and maintain highly-secured mission-critical systems for our customers with world class services," said Amawalee Combe, CEO of Naremit.
Naremit Innovation prides itself in keeping up-to-date with latest technologies and providing practical, pragmatic solutions for all aspects of internet websites and applications.
Seen at the contract-award ceremony are, from left: Pana Janviroj, CEO of NINE; Jon Combe, CTO of Naremit, Amawalee Combe, CEO of Naremit, and Voraphot Chanyakomol, CFO of NINE.
Indorama Ventures wraps up takeover of Kordarna
The SET-listed Indorama Ventures (IVL), a global chemical producer, has completed its acquisition of Kordarna Plus, the largest producer of tire cord fabrics in Europe. IVL previously announced its agreement to acquire Kordarna on June 29, 2018. The acquisition fits perfectly with IVL’s strategy to further grow the high value-added automotive segment and to establish itself as a major global supplier to the fast-growing tire industry.
Kordarna is the largest independent producer of tire cord fabrics in Europe, with two production sites in Slovakia and the Czech Republic that have a combined tyre cord and technical fabrics production capacity of 50,000 tonnes per annum. The company employs 786 employees.
The acquisition reinforces IVL’s leading position in the tyre cord market, creates significant growth opportunities and enhances IVL’s flexibility to serves the tire industry as a global solution provider.
Aloke Lohia Group CEO of Indorama Ventures, said that the acquisition is another demonstration of IVL aspiration to become a world-scale supplier to the automotive industry.
CBRE Thailand picked for Mitrtown Office Tower
Golden Land Property Development has appointed CBRE Thailand as the lead leasing agent for “Mitrtown Office Tower” at Samyan Mitrtown, located at the corner of Phayathai-Rama 4 Roads.
Samyan Mitrtown is a mixed-use development consisting of office, retail and residence towers, where “Mitrtown Office Tower” is a 31-storey office tower with a net lettable area of 48,000 square metres, which will be ready for “move in” in the third quarter next year.
AEON, FORTH TIE UP
Point redemption at vending machine
AEON Thana Sinsap (Thailand) Public Company Limited, a leading retail financial services provider, and Forth Vending Co Ltd, the subsidiary of Forth Corporation, Thailand’s first 2-in-1 Vending Machine & Top-Up provider with a network across the country, jointly announced a collaboration to allow AEON credit cardholders to redeem AEON Happy Point with as low as 100 points at any Boonterm vending machine.
Recently, AEON has launched a new service that allows AEON Gold card, AEON Classic card and other co-branded credit cardholders to redeem beverages via QR Code scan at any Boonterm vending machine from Forth Vending Co Ltd.
Currently there are over 2,000 vending machines nationwide, making it easy and convenient for AEON customers to redeem points.
AEON customers can now redeem AEON Happy Point more easily, starting with just 100 points. Cardholders are required to download the AEON THAI MOBILE application and select the Happy Reward menu.
Pongchai Amatanon, Chief Executive Officer of Forth Corporation Group, said that by the end of 2019, Forth expected to have 5,000 more Boonterm vending machines at various tourist attractions and communities nationwide.
A ratings for CPF debenture issuances
TRIS Rating has affirmed the company rating on Charoen Pokphand Foods (CPF) and the ratings on its senior unsecured debentures at “A+”, and subordinated capital debentures (hybrid debentures) at “A-”, according to a press release.
The debt issue rating differential reflects the subordinated nature of the hybrid debentures and the option of the issuer to defer coupons on a cumulative basis.
At the same time, TRIS Rating assigns “A+” rating to CPF’s proposed issue of up to Bt12 billion in senior unsecured debentures and the additional greenshoe portion of up to Bt6 billion. The company will use the proceeds from the new debentures for its business operations and/or loan repayment and/or lending to CPF’s subsidiaries.