ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Property

Public debut of ThaiBev affiliate pushes market cap to $6.2bn

Listing of TCC Group property unit to fund hotel acquisitions and renovations

The Samyan Mitrtown shopping mall that opened in September is operated by one of the TCC Group's development arms.(Photo by Rie Ishii)

BANGKOK -- Asset World Corp. debuted on the Stock Exchange of Thailand on Oct.10, hitting a valuation of 188 billion baht ($6.2 billion) at one point.

The company is a property development arm of TCC Group, one of Thailand's largest conglomerates with a portfolio that includes Thai Beverage -- maker of the popular Chang beer -- and Singapore property and beverage group Fraser and Neave.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more