Liquor tycoon’s sons to take big stake in Amarin print, TV business

[rooster59]

Liquor tycoon’s sons to take big stake in Amarin print, TV business

By WATCHIRANONT THONGTEP 
THE NATION

 

THAI BEVERAGE tycoon Chareon Sirivadhanabhakdi’s heirs will invest Bt850 million to acquire 200 million newly issued ordinary shares in Amarin Printing and Publishing in the wake of a massive revenue decline in printed media and fierce competition in the digital TV business.

 

The 40-year-old Amarin Printing told the Stock Exchange of Thailand (SET) that it would issue 200 million new ordinary shares, with a par value of Bt1 per share, to be allocated and offered in a private placement to Vadhanabhakdi Co, which is owned by Thapana and Panote Sirivadhanabhakdi, sons of Thai billionaire Chareon.

 

Full story: http://www.nationmultimedia.com/news/business/30300860

 

 

 

-- © Copyright The Nation 2016-11-26

[elgordo38]

7 hours ago, rooster59 said:

THAI BEVERAGE tycoon Chareon Sirivadhanabhakdi’s heirs will invest Bt850 million to acquire 200 million newly issued ordinary shares in Amarin Printing and Publishing in the wake of a massive revenue decline in printed media and fierce competition in the digital TV business.

Be careful the ink could still be wet on these. Sounds like a bad investment to me. Maybe the father is trying to teach the sons how to turn a failing business around. They apparently must have a lot of steep tax losses that could be of benefit. Sounds like the tycoon typhoon here could see his investment turn into a trickle. Kind of out of character but the we do not know all the things at play. He might just be playing a role like in the Karate Kid. Wax on Wax off. 

[natway09]

Never mind, just another plaything & we need the tax deduction for the next 3 years anyway

[wordchild]

They have some form in this sector:  the family are also majority owners of Asia Books.