Supitchaya Chanpal

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 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.

Advised a consortium of buyers, consisting of Yip in Tsoi, The Brooker Group, SCT Car Rent Co., Ltd. and Loxbit PLC, in the acquisition of Purple Ventures Co., Ltd., the provider of the innovative a Thai food delivery, rides and more platform, Robinhood, valued at around THB 2 billion (~ USD 59 million).

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.