By Chalida Ekvitthayavechnukul
With the latest funding, the company will expand its platform to cover other users, including banks and foreign owners.
The project is the first major investment in Thailand by JR Kyushu.
The new DEPA fund will support the business expansion of startups and small and medium-sized enterprises in the country.
Mitsubishi and Betagro will set up a poultry processing plant in Thailand with a total investment of 6 billion yen ($53.2 million).
Central Group, which controls Thailand’s biggest operator of shopping malls and department stores, expects online sales to account for as much as 15 percent of its revenue in five years, from 2 percent now.
The second half of 2017 saw Thai startups bagging plush investments, including aCommerce, which raised $65 million in a Series B round in November, Zilingo ($17 million) and Pomelo ($19 million), thereby pushing the total deal value over $100 million.
The company is targeting a larger international presence and a bigger lifestyle play to fulfil its ambitions of becoming a global brand.
After selling the trust units, the Bhiraj Office REIT will invest in assets with a value of not more than 6.6 billion baht ($203 million).
In September 2017, mu Space became Blue Origin’s first Asian customer by signing a partnership agreement to launch its first geostationary satellite aboard the latter’s New Glenn orbital rocket.
The company said the asset sale is part of its business restructuring plan.