TTT+Partners successfully advised Frasers Property (Thailand) PCL in connection with the acquisition of all issued and paid-up shares in Nong Suea Chang Chonburi Co., Ltd. (NSC) by Frasers Property Industrial Estate Co., Ltd., its wholly owned subsidiary, resulting in the company acquiring a 100% equity interest in NSC from the existing shareholders. The total transaction value was ~THB 3.7 billion (~USD 118 million). The transaction was completed on 6 February 2026, following which NSC became a wholly owned subsidiary of the company.
NSC holds over 2,200 rai of strategically located land in Chonburi Province. The acquisition supports the development of a new industrial estate to meet continued demand for high-quality industrial space in the Eastern Economic Corridor (EEC). The transaction aligns with the company’s strategy to expand its industrial and logistics platform within the EEC, a key investment hub attracting both domestic and international capital and serving as an important engine for Thailand’s economic growth.
We advised the client throughout the entire process, including legal due diligence, advising on transaction structuring, drafting and negotiating transaction documents, preparing required disclosures in compliance with SEC and SET regulations, assisting with the shareholder approval process, and advising on completion through to closing.
The team was led by Veeranuch Thammavaranucupt and Arnut Pongprueksa, with support from Thananya Chaikamonsuk, Supitchaya Chanpal, and Veerapattra Mangmee.
Experts
