Sawita Suwansawat
About
Khun Sawita Suwansawat
Managing Partner
Khun Sawita leads the firm as Managing Partner at MSC Law. She focuses on capital markets and securities, corporate governance, board advisory and mergers & acquisitions in the power, corporate, infrastructure real estate and telecommunications sectors. She has over 18 years of experience in advising clients on capital markets and securities legal matters in Thailand. Her work has assisted many clients in diverse industries including property developers, food processors and airlines, and she has counseled in relation to initial public offerings on domestic and international markets under Rule 144A/Regulation S, the Rules and Regulations of the SGX-ST and Singapore Code of Corporate Governance 2012 as well as those required by the Stock Exchange of Thailand (SET).
Previously, Sawita was a senior associate at Weerawong, Chinnavat and Partners Ltd. and a senior attorney at Hunton Andrews Kurth (Thailand) Limited
Capital Markets
Mergers & Acquisitions
Corporate & Commercial
Litigation Service
Articles by Sawita
The article was thoughtfully crafted through the expertise, dedication, and insight of our team—reflecting the depth of knowledge that drives everything we do at MSC International Law Office.
Education
- Master of Public and Private Management, Graduate School of Public Administration, National Institute of Development Administration (NIDA), 2012
- LL.M., International Trade Law, University of Essex, UK, 2006
- LL.B., Thammasat University 2005
Experience
- Oct 2023 – Present: State Enterprise Director (Director Pool), State Enterprise Policy Office
- Jan 2022 – Present: Independent Director, Audit Committee Member, and Risk Management Committee Member, I-Tail Corporation Public Company Limited
- Jan 2022 – Present: Director, MSC Auction Co., Ltd.
- Aug 2021 – Present: Director, Clean and Go Co., Ltd.
- May 2020 – Present: Director, MSC Holding Co., Ltd.
- Apr 2020 – Present: Director, Ramsea 2020 Co., Ltd.
- Apr 2020 – Present: Director, Do Day One Co., Ltd.
- Jun 2020 – Present: Director, Spideration Co., Ltd.
- Jul 2019 – Present: Managing Director, MSC International Law Office Co., Ltd.
- Oct 2019 – Dec 2021: Chairperson and Independent Director, AA Electric Line Public Company Limited
- Oct 2020 – June 2021: Independent Director and Audit Committee Member, 360Five Public Company Limited
- Nov 2017 – May 2019: Senior Associate, Hunton Andrews Kurth (Thailand) Limited, specializing in capital markets and securities law and mergers and acquisitions
- Jan 2015 – Oct 2017: Senior Associate, Weerawong, Chinnavat & Partners Ltd., specializing in corporate governance and capital markets and securities law
- Jan 2011 – Dec 2014: Associate, Weerawong, Chinnavat & Partners Ltd., providing legal counsel in corporate governance and capital markets and securities law
- Nov 2007 – Dec 2010: Manager, Thai Listed Companies Association, The Stock Exchange of Thailand
- Oct 2006 – Oct 2007: Legal Officer, Asset Pro Management Co., Ltd., financial advisor
Professional License
- Lawyers License, Thailand, admitted 2008
- Director Accreditation Program (DAP) 168/2020 by the Thai Institute of Directors Association
- Director Certification Program (DCP) 292/2020 by the Thai Institute of Directors Association
Memberships
- Member, The Lawyer Council of Thailand
- Extraordinary Member, The Thai Bar Association
Awards
- Recognized by Asia–Pacific Legal 500 as Next Generation Lawyer in the areas of Corporate Governance and Capital Market in 2016, 2017 and 2018, as Next Generation Partner in the area of Capital Market in 2019.
- Recognized as Highly Regarded Lawyer by IFLR1000 in 2024.
- Ranked Band 4 in the area of Capital Markets in Thailand by Chambers and Partners in 2025.
Events
- 2013 – Present: Lecturer of Thai Investors Association
Transactional Experience
Sawita has over 18 years of experience in advising clients on capital markets and securities legal matters in Thailand. Her work has assisted many clients in diverse industries including property developers, food processors and airlines, and she has counseled in relation to initial public offerings on domestic and international markets under Rule 144A/Regulation S, the Rules and Regulations of the SGX-ST and Singapore Code of Corporate Governance 2012 as well as those required by the Stock Exchange of Thailand (SET).
Sawita is also experienced in the very first deal conducted under the new Securities and Exchange Commission rules of Thailand governing the offering of shares to private placement and she also assisted the third Thai holding company listed on the SET to raise funds domestically in order to finance its business expansion in a foreign country.
The followings are her transactional experiences:
Capital Markets
- Advised Asia Wealth Holding Co., Ltd. on legal matters related to securities and regulatory compliance concerning its holding company status.
- Advised Asia Wealth Securities Co., Ltd. on legal matters related to securities and regulatory compliance concerning its securities company license, financial instruments license, brokerage license, and investment analyst license.
- Advised KTBST Securities Public Company Limited on legal matters related to securities and regulatory compliance regarding its holding company status, securities company license, financial instruments license, brokerage license, and investment analyst license. Also served as the company’s legal counsel and corporate secretary.
- Advised Primo Service Solutions Co., Ltd., a subsidiary of Origin Property Public Company Limited, on legal matters related to Bank of Thailand regulations and securities regulations concerning the issuance of digital assets.
- Advised KJTS Group Berhad (“KJTS”), a Malaysia-based company specializing in HVAC and energy/resource management services, on its initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia. On the first trading day, KJTS shares peaked at RM 0.50, up RM 0.23 or 85.19% from the IPO price of RM 0.27, valuing the company at approximately RM 58.86 million (USD 12.43 million) at the IPO price.
- Advised Sino Logistics Corporation Public Company Limited, an international logistics provider, on its IPO and listing on the Stock Exchange of Thailand (SET). On its first trading day, SINO shares peaked at THB 2.00, up THB 0.60 or 42.86% from the IPO price of THB 1.40, with a market capitalization of THB 408.80 million (USD 11.31 million) at IPO.
- Advised TBN Corporation Public Company Limited, Thailand and Asia’s first low-code business innovation provider, on its IPO and listing on the Market for Alternative Investment (MAI). On the first trading day, the share price opened at THB 27.50, up THB 10.50 or 61.76% from the IPO price of THB 17.00, with fundraising value totaling THB 425 million (USD 12.3 million).
- Advised Primo Service Solutions Public Company Limited, a full-service real estate company, on its IPO and listing on the MAI. On the first trading day, the share price opened at THB 21.50, up THB 6.50 or 43.3% from the IPO price of THB 15.00, with a market capitalization of THB 4.8 billion (USD 137 million) at IPO.
- Advised Advance Web Service Public Company Limited, a Thai technology company providing comprehensive online platform and IT solutions, on its IPO and the first-ever listing on the LiVEx exchange, with a total transaction value of THB 80 million (USD 2.1 million).
- Advised CPanel Public Company Limited, a manufacturer and distributor of precast concrete wall panels and building components, on its IPO and listing on the Stock Exchange of Thailand, with an offering value of THB 620.95 million. The IPO price was THB 6.00 per share, with a market capitalization of approximately THB 900 million (USD 30 million).
- Advised Winnergy Medical Public Company Limited, a leading medical equipment importer in Thailand, on its IPO and listing on the MAI. On the first trading day, the share price opened at THB 7.30, up THB 4.20 or 135% from the IPO price of THB 3.10, with a total transaction value of THB 876 million (USD 29.2 million).
- Advised TQR Public Company Limited, a reinsurance and insurance product development company trusted by leading Thai insurers, on legal due diligence and its IPO on the MAI. On the first trading day, the share price opened at THB 15.30, with an offering value of THB 15 million and a total transaction value of THB 306 million (USD 10.2 million).
- Advised Peerapat Technology Public Company Limited, a developer of high-quality cleaning and disinfectant chemicals and modern equipment for both industrial and household markets, on its IPO, with a total offering value of THB 150 million.
- Advised Sabuy Technology Public Company Limited (“SABUY”), a leading provider of top-up kiosks and vending machines, on the restructuring of four outstanding bond tranches (SABUY258A, SABUY254A, SABUY24DA, and SABUY263A) in November and December 2024. The principal debt totaled THB 4 billion (USD 115.93 million). The restructuring included extending repayment terms and adjusting interest rates. This process played a key role in SABUY’s business rehabilitation and transformation under new management.
- Advised D House Pattana Public Company Limited, a real estate developer in the Northeastern region of Thailand with over 10 years of experience in constructing houses, townhomes, and commercial buildings, in connection with the issuance and offering of debentures No. 1/2022 to institutional and/or high-net-worth investors in Thailand, with a total value of THB 120 million (approximately USD 3.3 million).
- Advised Right Tunnelling Public Company Limited, a civil and geotechnical engineering construction company specializing in advanced and high-technology construction services, including tunnel construction, rock blasting, non-blasting excavation, mining development, exploration drilling, structural concrete work, general civil engineering, and geological services, in connection with the issuance and offering of debentures No. 1/2022 to institutional and/or high-net-worth investors in Thailand, with a total value of THB 1 billion (approximately USD 28 million).
- Advised Clover Power Public Company Limited, a renewable energy fuel producer and distributor that also provides engineering services and primarily engages in the generation and sale of electricity from renewable sources, in connection with the issuance and offering of debentures No. 1/2022 to institutional and/or high-net-worth investors in Thailand, with a total value of THB 500 million (approximately USD 14 million).
- Advised Saha Pathana Inter-Holding Public Company Limited, one of the largest consumer goods conglomerates in Thailand with over 1,000 product and service lines, and selected as one of the 98 companies listed in the Thailand Sustainability Investment (THSI) 2019 by the Stock Exchange of Thailand. The advice concerned the issuance and offering of debentures No. 1/2020 to institutional and/or high-net-worth investors in Thailand, with a total value of THB 5 billion (approximately USD 153.25 million).
- Advised North East Rubber Public Company Limited, one of Thailand’s leading natural rubber manufacturers, regarding the issuance and offering of (1) debentures No. 2/2021 Series 1 due in 2025 and (2) debentures No. 2/2021 Series 2 due in 2026, both of which are callable before maturity. The debentures were offered to institutional and/or high-net-worth investors, with a combined value of THB 2 billion (approximately USD 60 million).
- Advised N.D. Rubber Public Company Limited, a manufacturer and distributor of motorcycle tires and inner tubes, in connection with the allocation of newly issued ordinary shares through a Private Placement (PP). This included an increase in the company’s registered capital from THB 346,891,630 to THB 456,891,630 by issuing 110,000,000 new ordinary shares with a par value of THB 1.00 per share, offered at THB 1.80 per share, to EG Industries Berhad, a non-related party of the company. The total transaction value was not more than THB 198 million (approximately USD 5.71 million).
- Advised Thai Industrial Factory Development Public Company Limited, a company operating factories and warehouses, on the issuance and offering of Secured Debentures No. 2/2018 to institutional and/or high-net-worth investors in Thailand in April 2018, with a transaction value of approximately THB 769 million (approximately USD 25.45 million).
- Advised G Steel Public Company Limited and G J Steel Public Company Limited on a capital raising transaction involving the allocation of shares to existing shareholders on a pro-rata basis and debt-to-equity conversion, with a total transaction value of approximately THB 10 billion (approximately USD 323.52 million).
- Advised Thai Industrial Factory Development Public Company Limited, a company operating factories and warehouses, on the issuance and offering of Secured Debentures No. 1/2018 to institutional and/or high-net-worth investors in Thailand in February 2018, with a transaction value of approximately THB 4 billion (approximately USD 132.41 million).
- Advised Amata VN Public Company Limited on its Initial Public Offering (IPO) in Thailand to raise capital for the development of a new high-tech industrial estate project in Vietnam. The company became the third Thai holding company listed on the Stock Exchange of Thailand to raise funds for international expansion. The transaction was valued at THB 1.25 billion (approximately USD 35 million), and trading on the Stock Exchange of Thailand began on December 16, 2015.
- Advised Origin Property Public Company Limited, a leading condominium developer, on corporate restructuring and the offering of 150 million new shares worth approximately THB 1.35 billion in an Initial Public Offering (IPO) to the public. The trading commenced on the Stock Exchange of Thailand on October 7, 2015. The funds raised were used to enhance the company’s position as one of the top three condominium developers through new strategic projects. Kasikorn Securities acted as the financial advisor and lead underwriter.
- Advised Thai Foods Group Public Company Limited (TFG), a vertically integrated animal husbandry company, on corporate restructuring and its IPO, which included the offering of 5.1 billion shares worth approximately THB 2.145 billion (approximately USD 68 million). The shares began trading on the Stock Exchange of Thailand on October 8, 2015. The funds raised were aimed at expanding the company’s poultry and swine processing businesses and its animal feed operations worldwide, along with working capital and debt repayment. KTC Securities acted as the financial advisor and lead underwriter.
- Advised Bangkok Ranch Public Company Limited on its Initial Public Offering (IPO), which included the offering of 228 million shares worth THB 2 billion (approximately USD 58.7 million) on the Stock Exchange of Thailand (SET). The transaction also involved advising shareholders on the sale of shares to restricted individuals, institutional investors, and major retail traders. The first trading day on the Stock Exchange of Thailand was July 15, 2018.
- Advised Pace Development Corporation Public Company Limited, a leader in high-end real estate development, on the allocation of 176,350,000 new shares to restricted individuals and 320,000,000 new shares for institutional investors worldwide. This transaction, valued at approximately THB 1.49 billion (approximately USD 43 million), was aimed at financing real estate acquisitions in Japan. The securities were offered by Asia Plus Securities and CLSA Singapore as the selling agents.
- Advised SPCG Public Company Limited on the sale of approximately 84 million shares, representing a 10% stake, to Gulf Energy Development Public Company Limited. This transaction was completed on June 6, 2014.
- Advised Sri Sawasdi Power 1979 Public Company Limited, a major consumer finance company in Thailand, on corporate restructuring and its Initial Public Offering (IPO) on the Stock Exchange of Thailand (SET). The IPO involved the offering of 250 million shares, raising approximately THB 1.73 billion (approximately USD 57.7 million).
- Advised a large consumer credit company in Thailand on corporate restructuring and its IPO on the Stock Exchange of Thailand (SET), offering 250 million shares worth 1.73 billion THB (~57.7 million USD), with a market debut on May 8, 2014.
- Advised Kaset Thai International Sugar Corporation Public Company Limited, the third-largest sugar producer in Thailand, on corporate restructuring and its Initial Public Offering (IPO) on the Stock Exchange of Thailand (SET). The IPO involved the offering of 957 million shares, raising approximately THB 9.57 billion (approximately USD 319 million).
- Advised Mermaid Maritime Public Company Limited on raising capital through a rights issue of approximately 176.1 million Singapore dollars (approximately 140.9 million USD) as part of its listing on the Singapore Exchange (SGX-ST).
- Advised Nam Yong Terminal Public Company Limited on its Initial Public Offering (IPO) and listing on the Stock Exchange of Thailand (SET), raising approximately THB 2.45 billion (approximately USD 81.5 million).
- Advised Pace Development Corporation Public Company Limited, a leading real estate development company, on its Initial Public Offering (IPO) and investment listing on the Stock Exchange of Thailand (SET), raising approximately USD 70 million (approximately THB 2.1 billion).
- Advised Makro Group Public Company Limited on corporate restructuring and its Initial Public Offering (IPO) on the Stock Exchange of Thailand (SET), offering 200 million shares with an initial market value of approximately THB 3 billion (approximately USD 100 million).
- Advised Nok Air Public Company Limited on its Initial Public Offering (IPO) and listing on the Stock Exchange of Thailand (SET), raising approximately USD 162.5 million through the offering of 187.5 million shares.
- Advised BTS Group Holdings Public Company Limited on the establishment of an infrastructure fund for its BTS Skytrain system, including the offering of investment units to both domestic and international investors under Rule 144A/Regulation S.
- Advised Ananda Development Public Company Limited on its Initial Public Offering (IPO) and listing on the Stock Exchange of Thailand (SET), raising approximately USD 185 million (approximately THB 5.6 billion) through the offering of shares both domestically and internationally under Regulation S.
- Advised Saha Steel Industry Public Company Limited on a capital increase by issuing 19 billion shares, raising approximately USD 388 million (approximately THB 11.66 billion) as part of a comprehensive financial restructuring plan.
- Advised Thai Reinsurance Public Company Limited on its capital increase from approximately THB 1.2 billion (approximately USD 39.6 million) to THB 3.5 billion (approximately USD 117.1 million) through the issuance of up to 2.3 billion new shares.
- Advised SPCG Public Company Limited on the offering of 60,000,000 new shares to the public at a price of THB 21 per share, raising a total of THB 1.26 billion, and the issuance of 280,000,000 warrants under a rights offering. Kasikorn Securities Public Company Limited acted as the Lead Underwriter.
- Advised CIMB Securities (Thailand) Public Company Limited on its capital increase from THB 411 million to THB 511 million through the issuance of 200,000,000 new common shares at a par value of THB 1 per share, raising a total of THB 200 million.
- Advised V-Retail Public Company Limited on the offering of 2,325,139,920 new shares under a rights offering and a private placement in 2011.
- Advised Pace Development Corporation Public Company Limited on its conversion to a public limited company in 2011.
- Advised Thai Military Bank Public Company Limited (TMB) on the offering of 400,000,000 shares to its directors and employees under the TMB Performance Share Bonus 2010 (TMB PSPB 2010) Employee Stock Option Plan (ESOP).
Mergers & Acquisitions (M&A)
- Advised DV8 Public Company Limited, an advertising agency specializing in creating in-store and retail media in Thailand, on its investment in PlayGround X (PGX) Co., Ltd. by acquiring 1,000,000 newly issued common shares at a par value of THB 100 per share, representing 49% of PGX’s registered capital, for a total investment of THB 10 million (approximately USD 289,373).
- Advised Meta Corporation Public Company Limited, a construction contractor and renewable energy project developer in Asia, on the sale of its 2,703,260 shares in Green Earth Power (Thailand) Co., Ltd. (GEPT), representing 12% of GEPT’s total outstanding shares, to Aquarius Estate Co., Ltd., a subsidiary of AKS Corporation Public Company Limited, for a total consideration of THB 750 million (approximately USD 26.10 million).
- Advised DoppioTech Co., Ltd., a company engaged in information and communication technology services, on its investment in the equity of the company through the Finnoventure Private Equity Trust I by subscribing to 16,000 preferred shares at THB 10 per share, for a total investment of THB 40 million (approximately USD 1.09 million).
- Advised Ditto (Thailand) Public Company Limited, a provider of comprehensive data and document management systems, business process outsourcing, data security, climate technology, carbon credits, and technology engineering services, on its investment in NetBay Co., Ltd., acquiring 49,800,000 common shares, representing 24.90% of NetBay’s paid-up capital, at a price not exceeding THB 17 per share, for a total consideration of up to THB 846.6 million. The payment will be made through the issuance of up to 33,200,000 new shares at THB 25.50 per share, for a total value of up to THB 846.6 million (approximately USD 23.55 million).
- Advised Ditto (Thailand) Public Company Limited on its investment in Somapa Information Technology Co., Ltd., acquiring 45,000,000 common shares, representing 18% of the company’s paid-up capital, with a total investment not exceeding THB 1.08 billion through a capital increase under an Entire Business Transfer (EBT) process. The consideration will be paid through the issuance of up to 27,000,000 new shares based on the weighted average price of Ditto’s shares on the Market for Alternative Investment (MAI) over the seven days prior to the pricing date, for a total value of up to THB 1.08 billion (approximately USD 30.28 million).
- Advised Pullman Khon Kaen Raja Orchid Hotel, the largest hotel in Khon Kaen and northeastern Thailand, on the sale of all its shares in Rajah Orchid Hotel Co., Ltd., totaling 400,000 shares at THB 1,000 per share, to Ratchaburi Sugar Co., Ltd. and Ratchaburi Ethanol Co., Ltd., for a total transaction value of THB 1.2 billion (approximately USD 32.6 million).
- Advised Thai EV Co., Ltd., the first electric vehicle service provider in Thailand, covering electric motorcycles, large and small electric trucks, electric passenger buses, and charging stations in both AC and DC systems. The advice was related to the establishment of a joint venture with Gentari Green Mobility Sdn. Bhd. in Thailand, creating a new company named Gentari Mobility Co. Ltd. The joint venture has a registered capital of THB 50,000,000, consisting of 500,000 shares at THB 100 per share, with a total transaction value of THB 50,000,000 (approximately USD 1.37 million).
- Advised Synergy Estate Co., Ltd. on the sale of shares and related transactions. This includes the sale of its shares in Botanica Grand Avenue Co., Ltd. (“BGA”) to Rompho Property Co., Ltd. (Public) (“TITLE”), a related party, involving 900,000 shares, which represents 30% of the total shares of BGA, at a total transaction value of THB 367,724,980 (approximately USD 10.31 million).
- Advised Sino Logistics Corporation Co., Ltd. (Public), a provider of international transportation services by sea, air, and multimodal transport operations, including warehouse leasing, land transportation, and customs brokerage services. The advice concerned the establishment of a joint venture in Malaysia named Sino Worldwide Logistics Sdn. Bhd., with a registered capital of MYR 900,000, comprising 900,000 shares at MYR 1.00 per share, with a total transaction value of MYR 900,000 (approximately USD 189,843).
- Advised Superrich Currency Exchange (1965) Co., Ltd., the leading foreign currency exchange service provider in Thailand, on a joint venture transaction with Super Turtle Co., Ltd. (Public). The transaction involved the creation of a new joint venture, Superrich Turtle Exchange Co., Ltd., with a registered capital of THB 250 million, consisting of 250,000 shares at THB 100 per share, with a total transaction value of THB 250 million (approximately USD 6.77 million).
- Advised TQR Co., Ltd. (Public), engaged in providing reinsurance and insurance product development services, on an investment in the shares of AlphaSec Co., Ltd. TQR acquired 88,235 shares of AlphaSec Co., Ltd. for THB 15 million and an additional 88,236 new shares for THB 15 million, totaling 176,471 shares, resulting in TQR holding a 30% stake, with a total investment of THB 30,000,070 (approximately USD 850,703).
- Advised United Project Management Co., Ltd. (“UPM”), a subsidiary of Primo Service Solution Co., Ltd. (Public) and Origin Property Co., Ltd. (Public), which are listed companies in the Stock Exchange of Thailand. UPM, engaged in real estate project management, acquired 5,000 shares in ProjectsAsia Co., Ltd. from the shareholders, Raisai Consultant Co., Ltd. and Cambridge Tudor Co., Ltd., for a transaction value of THB 220 million (approximately USD 6.47 million). After the acquisition, UPM became the sole shareholder in ProjectsAsia.
- Advised Sabai Technology Co., Ltd. (Public), one of the leaders in the vending machine and automatic product sales business, on the purchase of shares in TBSP Co., Ltd. (Public) from TKS Technology Co., Ltd. (Public). After the investment, Sabai Technology holds 150,061,118 shares in TBSP, representing 73.48% of the total issued shares of TBSP, with an investment value of THB 2,005,022,000 (approximately USD 66 million). The transaction also involved the sale of 2,583,720 shares in Vending Plus Co., Ltd. (“VDP”), representing 86.12% of the total shares of VDP, to TBSP for THB 1,022,522,000 (approximately USD 34 million).
- Advised Sabai Technology Co., Ltd. (Public) on the purchase of shares in the following target companies: 1) the purchase of 311,699,434 new shares in Nakhon Luang Capital Co., Ltd. (Public) (“NCAP”) for THB 779.248 million (approximately USD 22.52 million), which represents 25% of the outstanding shares; and 2) the purchase of 574,500 shares in Buzzy Bees Co., Ltd. (“BZB”) from non-related parties for THB 970.80 million (approximately USD 30 million). Following the acquisition, Sabai Technology will hold 574,500 shares in BZB, representing 30% of BZB’s registered capital.
- Advised Sabuy Technology Co., Ltd. (Public) (“Sabuy”), a leading business in the automatic top-up kiosks and vending machine industry, which provides services and sells automatic top-up kiosks, sells products through automatic top-up kiosks, offers food court services, and provides payment services. This advisory related to the acquisition of shares in iSoftel (Thailand) Co., Ltd. (“iSoftel”) and Softel Communications (Thailand) Co., Ltd. (“Softel”). The acquisition involved the purchase of 25,010 common shares of iSoftel, amounting to 51% of the total available shares of iSoftel, which holds 99.99% of Softel’s shares, from ISF Holding Co., Ltd. (“ISF Holding”). ISF Holding transferred all its operations to Sabuy, which paid by issuing 8,742,857 newly issued shares of Sabuy at a price of 28 Baht per share, amounting to 244.8 million Baht (approximately 7 million USD).
- Advised Sabuy Technology Co., Ltd. (Public) (“Sabuy”) regarding the acquisition of shares in MKO Co., Ltd. (“MKO”), purchasing 50% of the total paid-up shares of MKO. Additionally, Sabuy invested in Redhouse Digital Co., Ltd. (“RH”) by acquiring 50% of the total paid-up shares of RH and transferring assets and liabilities from MKO Holding Co., Ltd. (“MKO Holding”), established for the MKO and RH investment transactions. The payment for the acquisition of all assets of MKO Holding was made by issuing 3,571,428 newly issued shares to MKO Holding at a price of 28 Baht per share, amounting to 99.99 million Baht (approximately 2.8 million USD).
- Advised TN Group Corporation Co., Ltd. (Public) (“TN Group”), a leading provider of smart technology solutions and energy-saving platforms, which manufactures and imports products related to various industries, in the formation of a joint venture company, TN Pumps Solutions Co., Ltd. (“TN Pumps”), a joint venture between TN Group and two German companies, Speck Pumpen Walter Speck GmbH & Co. KG and FLUX-GERÄTE GMBH. The main goal is to lead in chemical pumps and high-viscosity liquid pumps for various industries with international quality standards. The registered capital of the company is 2 million Baht.
- Advised TN Group Corporation Co., Ltd. (Public) (“TN Group”) on the formation of another joint venture, KJTN Engineering Co., Ltd. (“KJTN”), a partnership between TN Group and KJ Technical Services Sdn. Bhd. of Malaysia. KJTN specializes in energy management systems and efficient building resource management for industrial sectors in the region. The registered capital for the company is 11 million Baht.
- Advised Origin Property Co., Ltd. (Public) (“Origin”), one of the largest real estate developers in Thailand listed on the Stock Exchange, on the establishment of a new subsidiary, Origin Energy Co., Ltd. (“Origin Energy”), and its investment in WHALE Energy Move Co., Ltd. (“WHALE”), a private company that imports and distributes liquefied natural gas. The firm provided services on due diligence, purchasing 3,000,000 common shares of WHALE, amounting to 75% of WHALE’s total shares, and drafted the share purchase agreement. The total transaction value was 40 million Baht (approximately 1.33 million USD).
- Advised Siam Laser Clinic (“SLC”), one of Thailand’s leading skin and beauty businesses with over 15 branches nationwide, on restructuring the group in preparation for listing on the Stock Exchange of Thailand. The firm’s services included the transfer of assets from Aesthetic Solution Co., Ltd., a subsidiary, to Aesthetic Answer Co., Ltd. through capital increase and asset-based share payment. The total transaction value was 31 million Baht (approximately 1 million USD).
- Advised Sabuy Technology Co., Ltd. (Public) (“Sabuy”) regarding the acquisition of common shares in Love Leasing Co., Ltd. (“LoveLeasing”) by Sabuy Capital Plus Co., Ltd. (“SBCAP”), a subsidiary of Sabuy. SBCAP acquired up to 1,540,000 common shares, representing 100% of LoveLeasing’s shares, for a total sale value of up to 400 million Baht (approximately 11.94 million USD).
- Advised Smartprop Asset Management Co., Ltd. (“Smartprop”) on restructuring the shareholders and increasing the registered capital to 90 million Baht (approximately 3 million USD). Subsequently, the company proceeded to purchase 100,000 newly issued common shares and 800,000 newly issued preferred shares in Chayo JV Co., Ltd. (“Chayo JV”), a subsidiary of Chayo Group Public Co., Ltd. (“Chayo”). The capital increase in Smartprop and the acquisition of shares in Chayo JV totaled 180 million Baht (approximately 6 million USD). Chayo focuses on growing revenue from secured and unsecured non-performing loans and other related services, while Chayo JV focuses on asset management and/or business investments. Chayo JV has received approval from relevant authorities to conduct asset management business.
- Advised Asset Management Company Limited, a full-service financial advisory firm, on stock transfer instruments.
- Advised Theeramongkol Industry Public Company Limited, a manufacturer and distributor of lighting control equipment that has been in operation for over 30 years and is internationally recognized, on asset acquisition and disposal, and capital increase.
- Advised JWDI Logistics Public Company Limited, one of Thailand’s largest logistics companies listed on the Stock Exchange of Thailand, on the status verification of stock acquisition in a limited company involved in warehouse development in Bangkok.
- Advised Mono Technology Public Company Limited, a leading media and content group in Thailand, which ranks as the third most popular digital TV channel, on a share offering to related parties in an agreement.
- Advised Warehouse Chemicals Company Limited, a distributor and service provider of chemical innovations and general and specialty solvents used across various industries, on legal matters related to corporate governance, business status analysis, and stock sales.
- Advised Sorya Development Company Limited, a company operating hotels, resorts, and condominiums in Krabi Province, on due diligence and share acquisition agreements.
- Advised Electronics Industry Public Company Limited, a public company listed on the Stock Exchange of Thailand, on the acquisition of 200 million Baht worth of shares in Bake Cheese Tart (Thailand) Company Limited, a famous Japanese tart company.
- Advised Wattanapatdee Company Limited, a newly formed company by Thaporn and Panot Sirivatanapakdee, on the subscription of new shares from Amarin Printing and Publishing Public Company Limited, Thailand’s leading publishing company, through allocation to a restricted circle of individuals (whitewash), making Wattanapatdee the largest shareholder in Amarin Printing with approximately 47.62% of the voting rights. This transaction was completed on March 13, 2017.
- Advised Frasers Property Holdings (Thailand) Public Company Limited on issues related to new shares of TICON Industrial Connection Public Company Limited, a subsidiary of Frasers Centrepoint Limited, listed on the Singapore Stock Exchange (SGX-ST), following the approval to offer new shares to a restricted circle of individuals. The deal amounted to 13.23 billion Baht (approximately 384.5 million USD) and was completed on January 17, 2017.
- Advised North Haven Private Equity Asia Angel Company Limited, a fund manager and off-market equities managed by Morgan Stanley, on the purchase of 25% of the shares in DSGT International (Thailand) Public Company Limited, a producer of disposable personal care products throughout Southeast Asia, with subsidiaries in Singapore, Malaysia, and Indonesia. The deal, worth 1.614 billion Baht (46 million USD), was completed on October 10, 2016.
- Advised Phandinthong Property Development Public Company Limited on the sale of 685 million shares to Frasers Property Holdings (Thailand) Public Company Limited, a subsidiary of Frasers Centrepoint Limited, a leading property developer listed in Singapore. The deal amounted to 4.97 billion Baht (approximately 131.7 million USD), and it was the first deal completed under the new rules of the Securities and Exchange Commission of Thailand regarding private placements.
- Advised Pace Development Corporation Public Company Limited (PACE) on the acquisition of 31% of Pace Real Estate Company Limited, 15% of Pace Project One Company Limited, 15% of Pace Project Two Company Limited, and 15% of Pace Project Three Company Limited. The deal also involved the transfer of financial obligations from IBC Holding Ltd., a subsidiary of Industrial Building Corporation Ltd. (listed in Israel), and IDJ Holdings Limited. The transaction amounted to 1.944 billion Baht (64 million USD), and it was completed on March 31, 2015.
- Advised V Retail Company Limited on the acquisition of 100% of Centerpoint Company Limited, with Capital Advantage Limited acting as the independent financial advisor in 2011.
- Advised Bangkok Airways Public Company Limited on the purchase of 170 million shares in Bangkok Dusit Medical Services Public Company Limited in 2011.
- Advised PTT Public Company Limited in the due diligence process for the acquisition of APMC Company Limited and TGM Company Limited in 2011.
- Advised CVC Capital Partners in the due diligence process for acquiring 100% of the shares in Capsulegel (Thailand) Company Limited in 2011.
- Advised Sermsuk Public Company Limited on the exclusive bottling appointment agreement (EBA) with PepsiCo, as well as the subsequent acquisition offer from Thai Beverage Logistics Company Limited in 2011.
Corporate and Commercial
- Advised SRT Asset Company Limited on corporate structure, management, board advisory, and public-private joint venture regulations.
- Advised Peeraphat Technology Public Company Limited on general company advice, securities, and regulatory compliance.
- Advised Peeraphat Technology Public Company Limited on contract drafting and review.
- Advised TQR Public Company Limited on corporate secretarial services and general company advisory.
- Advised Winner Yi Medical Public Company Limited on securities regulatory compliance and general company advisory.
- Advised Meechok Transport Company Limited, a subsidiary of Meechok Group with over 30 years of experience in transportation, on company registration and capital restructuring.
- Advised Keha Sukhprachak Company Limited on legal advice related to the company’s operations, corporate structure, board management, and public-private joint venture regulations.
- Advised C-Panel Public Company Limited on the investment in automated machinery for precast concrete panels and contract review, with a total transaction value of 246 million Baht (approximately 7.1 million USD).
- Advised Aero Group (1992) Company Limited, a provider of hydraulic and pneumatic system maintenance and IoT products, on contract review for software maintenance and updates.
- Advised Primo Insurance Broker Company Limited on contract drafting for insurance services, brokerage appointments, and telemarketing employee agreements.
- Advised Clean and Go Company Limited on patent registration with the Department of Intellectual Property.
- Advised Panasonic Management (Thailand) Company Limited on compliance with Thailand’s Personal Data Protection Act (PDPA) of 2019.
- Advised Asia Sermkit Leasing Public Company Limited on document translation and certification.
- Advised Asia Sermkit Leasing Public Company Limited on capital increase and decrease registration.
- Advised Sino Logistics Corporation Public Company Limited on trademark registration.
- Advised Thai Kali Company Limited, a mining and extraction company based in Nakhon Ratchasima Province, on contract-related matters.
- Advised Kinn Worldwide Company Limited, a leader in the health food sector, on company capital increase registration.
- Advised Indorama Ventures Public Company Limited and its group companies on general corporate advisory, corporate governance, and post-IPO business operations on an annual basis.
- Advised GMM Grammy Public Company Limited on internal corporate restructuring within the group and provided general corporate advisory services.
- Advised Berli Jucker Public Company Limited by providing corporate secretarial services and general corporate advisory.
- Advised Italian-Thai Development Public Company Limited by providing corporate secretarial services and general corporate advisory.
- Advised TMB Bank Public Company Limited (now TMBThanachart Bank) on corporate governance principles in 2011.