Maythawi Boonyapinyo is an Associate in the Corporate, Capital Markets & Regulatory (CCMR) group. She assists clients in both domestic and cross-border transactions in relation to M&A and initial public offerings. Her involvement extends to providing corporate, general commercial and regulatory advice.
Representative Matters
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).
Advised Thai Beverage Public Company Limited (ThaiBev) on the successful establishment of its US$2 billion multicurrency debt issuance program.
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 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.
In The News
TTT+Partners advises on voluntary partial tender offer for NOBLE
TTT+Partners advises on the voluntary partial tender offer for Noble Development PCL
TTT+Partners advises MR D.I.Y. Holding (Thailand) PCL on landmark IPO
TTT+Partners acts as Thai issuer legal counsel on largest IPO on the SET in the past three years
TTT+Partners advises ThaiBev on USD 2B multicurrency debt issuance program
TTT+Partners advises on multicurrency debt issuance
TTT+Partners advises MR. D.I.Y. on its joint venture with leading Chinese retailer
TTT+Partners advises on significant lifestyle retail joint venture
TTT+Partners advises MR. D.I.Y. Thailand on its IPO
TTT+P team advises leading home improvements retailer on its Initial Public Offering
TTT+Partners represents INTUCH and Singtel in landmark strategic amalgamation with GULF
TTT+Partners advises INTUCH and Singtel in landmark telecommunications and energy merger with GULF
TTT+Partners advises Buddy Group on strategic acquisition of prime beachfront land in Phuket
TTT+Partners advises leading hospitality operator Buddy Group Co., Ltd., in joining hands with a local partner to acquire prime beachfront land in Phuket, Thailand.
TTT+Partners advises Bangkok Dusit Medical Services on early-stage investment in Thai medical start-up pioneering AI to enhance health services
Bangkok Dusit Medical Services invests in pioneering Thai AI medical startup Cariva.
TTT+Partners advises Grammy Public Company Limited on potential expansion of its stake in a broadcast business
TTT+Partners represented GMM Grammy Public Company Limited (Grammy) in securing a call option agreement granting exclusive rights to acquire shares in a holding company with a 10% equity stake in The ONE Enterprise Public Company Limited (ONEE), one of the leading media and entertainment companies in Thailand.
TTT+Partners advises PTT Global Chemical Public Company Limited (GC) on major share disposal and joint venture in logistics management company
TTT+Partner advised PTT Global Chemical Public Company Limited (GC) on its divestment of 50% to a wholly owned subsidiary of WHA Corporation Public Company Limited (WHA) in GC Logistics Solutions Company Limited (GCL), a logistics management operator.
