Showing 1 - 10 of 58
Billionaire Sarath’s Gulf doubles Kbank stake
Bloomberg and Online Reporters, Published on 14/02/2026
» Gulf Development Plc, controlled by billionaire Sarath Ratanavadi, has doubled its stake in Kasikornbank Plc to become the Thai commercial lender’s largest shareholder.
Singapore data centre deal valued at US$5.1 billion
Business, Suchit Leesa-nguansuk, Published on 05/02/2026
» Global investment firm KKR, communications technology group Singtel, and ST Telemedia have signed definitive agreements for funds managed by a KKR-Singtel consortium to acquire the remaining 82% stake in ST Telemedia Global Data Centres (STT GDC) from founding shareholder ST Telemedia for a total consideration of S$6.6 billion (roughly US$5.1 billion).
Intouch shareholders approve merger with Gulf
Reuters and Post Reporters, Published on 25/03/2025
» Shareholders of the SET-listed telecom company Intouch Holdings on Tuesday approved a merger with Gulf Energy, the power company controlled by billionaire Sarath Ratanavadi, clearing the way for a trillion-baht merger to go ahead.
Maybank dubs Thailand the next data centre frontier
Business, Nareerat Wiriyapong, Published on 20/03/2025
» Thailand is emerging as the next data centre frontier in Southeast Asia, supported by Singapore Telecommunications' (Singtel) partnership with SET-listed Gulf Energy Development and potential investment diversification by ByteDance, says Maybank Securities.
Vietnam, Singapore agree to boost ties, cooperation on subsea cables
Reuters, Published on 12/03/2025
» HANOI — Singapore and Vietnam on Wednesday have agreed to enhance cooperation in subsea cables, finance and energy, marking an upgrade in their relations to Vietnam's highest level, during a visit by its Communist Party Chief To Lam to the city-state.
New Asian undersea cable ready to operate
Reuters, Published on 19/12/2024
» HANOI - A new undersea fibre-optic cable connecting Japan to Singapore with branches to other Asian countries is ready for operation this month, one of the developers said on Thursday.
Gulf CEO remains Thailand’s richest shareholder
Post Reporters, Published on 12/12/2024
» Sarath Ratanavadi, the founder and chief executive of Gulf Energy Development Plc, one of Thailand’s largest power producers, is the richest shareholder in the Thai capital market with wealth of 240 billion baht, a survey has found.
AIS head granted additional extension
Business, Srisamorn Phoosuphanusorn, Published on 22/10/2024
» Somchai Lertsutiwong is to remain chief executive of Advanced Info Service (AIS) for another year, after his contract was extended for the second time.
Much hangs on Gulf, InTouch deal
Business, Yuthana Praiwan, Nuntawun Polkuamdee and Komsan Tortermvasana, Published on 18/07/2024
» The planned amalgamation of Gulf Energy Development (Gulf) and InTouch Holdings (INTUCH) is aimed at simplifying the shareholding structure, strengthening the group's financial status and balancing the investment portfolio.
Thai billionaire Sarath to merge energy, telecom businesses
Bloomberg News, Published on 17/07/2024
» Thai billionaire Sarath Ratanavadi unveiled a plan to consolidate his energy and telecom businesses by merging his listed power company with the owner of the nation’s most-valuable mobile phone operator.