Arnut Pongprueksa

Advised Frasers Property (Thailand) PCL on its THB 3.7 billion (~USD 118 million) acquisition of Nong Suea Chang Chonburi Co., Ltd. (NSC) through its subsidiary, resulting in 100% ownership as of 6 February 2026. NSC holds over 2,400 rai of prime land in Chonburi for development of a new industrial estate within the EEC. Our work included legal due diligence, transaction structuring, drafting and negotiation of definitive agreements, regulatory disclosures, shareholder approvals, and closing assistance.

Advised Mr. Frank Fung Kuen Leung on his voluntary partial tender offer to acquire up to 15.00% of the ordinary shares of Noble Development Public Company Limited (SET: NOBLE) at an offer price of THB 2.32 per share, valuing the transaction at THB 476.5 million (~USD 15.2 million).

Represented Mitsubishi Corporation (MC) in the capacity as a Thai legal counsel in connection with MC's first "unregulated" general offer launched with the purpose to increase its additional shareholding in Thai Union Public Company Limited (TU), a Thailand-based seafood company listed on the Stock Exchange of Thailand (SET), from 6.19% to 20% (excluding treasury shares).

Advised Thai Beverage Public Company Limited (ThaiBev) on the successful establishment of its US$2 billion multicurrency debt issuance program.

Represented Thai Wah Public Company Limited in its strategic alliance with a subsidiary of Fuji Nihon Corporation, a Tokyo Stock Exchange-listed food processing group. Thai Wah divested a 49% shareholding in its subsidiary engaged in the manufacturing of tapioca-based products to its Japanese partner. The deal was valued at approximately THB 490 million (~ USD 14 million), and was successfully completed on 28 March 2025.

Represented M.R. D.I.Y. Holding (Thailand) Public Company Limited in the incorporation of a joint venture with a Chinese retail company, Super Cool International Company Holdings Pte. Ltd., (under KK Group) including negotiation and preparation of the shareholders’ agreement and related corporate documents.

Represented MR. D.I.Y. Thailand in its IPO transaction, the filing was submitted to the Office of the Securities and Exchange Commission of Thailand on 6 September 2024.

Represented Jardine Cycle & Carriage Limited in a sale and purchase agreement with Sunrise Equity Co., Ltd. for the proposed sale of its 25.54% stake in Siam City Cement Public Company Limited. The transaction is valued at THB 12.17 billion (~ USD 346 million)

Represented Intouch Holdings Plc (INTUCH) and Singapore Telecommunications Ltd, a major shareholder in INTUCH and ADVANC, in their strategic plan to merge with Gulf Energy Development Plc. (GULF), a landmark amalgamation that combines the strengths of three regional industry giants in the telecommunications and energy sectors. This transaction involves five listed entities on the Stock Exchange of Thailand (SET): GULF, INTUCH, ADVANC, THCOM, and one entity listed on the Singapore Exchange (SGX): Z74, commonly known as "Singtel". The amalgamation will result in the formation of a newly listed public limited company, and conditional voluntary tender offers (VTO) for Advanced Info Service Public Company Limited (ADVANC) and Thaicom Public Company Limited (THCOM). This transformative deal aims to simplify shareholding structures and diversify business operations by uniting the energy and digital sectors. Valued at over THB 200 billion (~ USD 5.5 billion), the transaction was announced on 16 July and is expected to close in Q2 of 2025.

Represented Buddy Group Co., Ltd. in joining hands with a local partner to acquire prime beachfront land in a strategic location in Phuket. This land will be developed into a beach club to cater to the growing influx of tourists. The transaction was valued at more than USD 10 million.

Represented Bangkok Dusit Medical Services Public Company Limited ("BDMS) in its early-stage investment of 15% in Cariva (Thailand) Co., Ltd, a Thai medical technology start-up developing AI solutions to enhance healthcare.

Represented GMM Grammy Public Company Limited (Grammy) in securing a call option agreement with Mr. Pitharn Ongkosit as the grantor. This agreement grants Grammy the exclusive right to acquire shares in a holding company wholly owned by Mr. Ongkosit, with its principal asset being a 10% equity stake in The ONE Enterprise Public Company Limited (ONEE), one of the industry leaders in media and entertainment. The exercise period for this option expires in February 2025, with the transaction's total value surpassing THB 900 million.

Advised PTT Global Chemical Public Company Limited on its divestment of 50% to WHA Group in GC Logistics Solutions Company Limited, a logistics management operator. The resulting joint venture brings together two of the largest conglomerates in Thailand.

Represented a real estate group in a THB 4 billion acquisition of all shares in the developer of a luxury condominium project in Bangkok's central business district.

Advised an investment company in relation to its joint investment with other parties in a leading digital television, radio and online broadcasting and content provider business.

Represented a leading retail home furnishings company with 36 branches in Thailand and a network of retailers in seven countries, in its THB 2.31 billion initial public offering.

Represented one of the largest mobile telecommunications operators in Thailand, in the acquisition of a majority stake in a leading specialist internet service provide

Represented the Government of Thailand, Office of the Eastern Economic Corridor, in the public-private partnership (PPP) agreement to develop the THB 220,000 million (USD 7.2 billion) high-speed rail project linking Suvarnabhumi, Don Mueang and U-Tapao airports.

Advised a mass transit operator on the renewal of its concession contract as well as the related PPP regulations.

Represented a leading Thai insurance company in a bancassurance agreement with another major domestic bank in relation to the distribution of life insurance policies.