Analysis
The past week saw several fundraisings and deals in the climate sector.
Editor's take: The week that was — Dec 4-9
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Zipmex has offered to pay creditors 3.35 cents on the dollar in its latest restructuring plan, Bloomberg reported.
The healthtech sector has defied the wider dealmaking slowdown in the first nine months of 2023.
Venture Capital
Turn Capital said it will open more than 100 new stores in Thailand.
Deals
The companies will invest 100 billion baht each.
The announcement comes as Austrian co-owner, Rene Benko’s Signa faces a property crisis in Europe.
After the acquisition is completed, AIS will become the biggest player in the fixed broadband market.
The company aims to capture 10% of the domestic market in 2024.
Policy & Regulations
Thailand currently offers a government subsidy of up to 150,000 baht ($4,100) per vehicle
The two companies have committed an initial investment of $256 million to the fund.
