Dhanin Chearavanont

Jumbo-sized ambitions

Illustration: Lau Ka-kuen

Two Thai tycoons - one a politically connected Chinese-speaker, the other the son of a street vendor - have spent US$27 billion on acquisitions in the past year, mainly abroad. The splurge is more than all Thai firms spent overseas in the previous three years.

Tuesday, 11 June, 2013, 3:25am

CP snaps up Thai retailer Siam Makro for US$6.6b

CP All is offering a premium of 15 per cent for Siam Makro.

CP All, controlled by Dhanin's Charoen Pokphand Group - which bought HSBC's US$9.4 billion stake in Ping An Insurance in February - agreed to pay 787 baht (HK$212) a share for the 64 per cent of Siam Makro owned by SHV, CP All said yesterday.

24 Apr 2013 - 5:41am

Thai billionaire denies UBS role in Ping An deal

Dhanin Chearavanont

Thai billionaire Dhanin Chearavanont has reportedly denied Swiss bank UBS was the mystery lender behind his conglomerate Charoen Pokphand's US$9.4 billion purchase of a stake in China's second-largest insurer, Ping An Insurance.

8 Apr 2013 - 5:31am