Weerawong C&P advises on SE Asia's largest IPO of 2022 to date
Weerawong, Chinnavat & Partners Ltd. ("Weerawong C&P") has advised Meiji Yasuda Life Insurance Company ("Meiji Yasuda"), a substantial minority shareholder in Thai Life Insurance Public Co. Ltd ("Thai Life"), in relation to Thai Life's approximately USD 937 million (approximately THB 34.4 billion) IPO on the Stock Exchange of Thailand. The transaction marks South East Asia's largest IPO in 2022 to date. Trading in the shares commenced on 25 July 2022.
Since Meiji Yasuda's original investment in Thai Life in 2013, Meiji Yasuda has been a key strategic partner to Thai Life, holding a 15 per cent stake in Thai Life. Meiji Yasuda has drawn on its years of experience and expertise to help Thai Life to increase its operational efficiencies – a key part of its goal of becoming more data-driven – and accelerate its digital transformation.
The Weerawong C&P team advising on the transaction was led by senior partner Veeranuch Thammavaranucupt and counsel James Lawden.