▲[New IPO]Abtai changed hands!Thai supermarket chain Big C spends 67 million yuan to acquire Big C in the fastest fourth quarter, seeks dual listing in Hong Kong and Bangkok
Thai lifestyle department store chain “Abu Tai” changed hands. Berli Jucker Public Company Limited (Thailand: BJC), the parent company of the Thai supermarket chain Big C, acquired the Abu Tai Group at a price of no more than 300 million baht (approximately HK$67 million). The transaction is expected to be completed in October.
The parent company of Big C will acquire Abutai’s headquarters, its warehouses, 23 branches and 1 limited store in Hong Kong, as well as other tangible and intangible assets such as trademarks and inventory. Aswin Techajareonvikul, CEO of Big C, said that Big C has acquired 24 stores of “Abutai” in Hong Kong and will be renamed “Big C”. At the same time, Big C plans to seek dual listing in Hong Kong and Bangkok in the fourth quarter as soon as possible. .
The boss of Big C has a Thai surname, but he turns out to be Chinese? 【Next page】
According to the media of this newspaper, Big C will enter the Hong Kong market through the acquisition of “Abutai”, and plans to invest 158 million yuan in the next three years, and open 25 stores every year. By the end of 2026, the number of stores will increase to 99, and Recruit more than 500 employees.
Big C currently operates around 2,000 retail outlets under the Big C Supercenter, Big C Market, Big C Foodplace and Mini Big C brands in Thailand, Laos, Cambodia and Vietnam. Big C was established in 1993 and listed on the Stock Exchange of Thailand in 2012. It was acquired by the local rich family of Charoen Sirivadhanabhakdi and delisted in 2017.
Abutai was founded in 2015 by Lin Jingnan, a former customs officer of Hong Kong Customs, and his Thai wife.
To track the news of new shares, you can browse【IPO】and use【IPO Widget】
related articles:
[New IPO]It is reported that Midea will go public in Hong Kong as soon as next year and has selected Bank of America and CICC to be in charge of IPO matters
[Talk Hong Kong stories well]Abu Tai grabs talents and seizes business opportunities to expand the retail market through franchising
Editor: Yao Zhuoran
Open the hket App to read the full text
2023-08-23 11:57:00
#IPOAbtai #changed #hands #Thai #supermarket #chain #Big #spent #million #yuan #acquire #Big #fastest #fourth #quarter #seeking #dual #listing #Hong #Kong #Bangkok #Hong #Kong #Economic #Daily #Instant #News #Channel #Instant #Finance #IPO
