Thailand’s richest man’s $21.4b company debuts on stock market
Thailand’s Gulf Development, led by the country’s richest man Sarath Ratanavadi, debuted on the stock exchange on Apr. 3 following the merger of Gulf Energy Development and Intouch Holdings Pcl.
The new entity opened with a market valuation of 736 billion baht (around US$21.4 billion), down 13% from the combined pre-merger value.
……Read full article on Tech in Asia
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