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Intouch Holdings PCL

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2025-04-032025-04-031111100
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2025-04-032025-04-031111100
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Thailand's Gulf Development launches on stock market with 21.4 billion valuation

Thailand’s Gulf Development, led by billionaire Sarath Ratanavadi, debuted on the stock exchange on April 3 after merging Gulf Energy Development and Intouch Holdings Pcl. The new entity opened with a market valuation of 736 billion baht (approximately US$21.4 billion), reflecting a 13% drop from the pre-merger value. Despite economic challenges, including a 36% US tariff and the impact of a 7.7-magnitude earthquake in Myanmar, the stock rose 1% in early trading. The merger combines power, infrastructure, and LNG operations with telecom assets, positioning the company for growth in sectors like AI and data centers.
Tech in Asia
Thai Baht Advanced Info Service PCL Gulf Energy Development Public Company Limited Intouch Holdings PCL THA MMR Sarath Ratanavadi Show more
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09:18 03.04.2025
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