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Cimb Thai Bank, Krungthai Bank celebrate Singha Estate's acquisition
Last update: 06/08/2018

KUALA LUMPUR, Aug 6 (Bernama) – CIMB Thai Bank, as the sole financial advisor, and Krungthai Bank, as the co-lender, recently celebrated the success of Singha Estate Plc’s US$310 million (RM1.3 billion)  hotel acquisition deal.

The collaboration is a testament of Singha Estate’s confidence in CIMB Thai and Krungthai Bank’s financial and business management excellence.

The deal is part of the company’s strategic investment approach of Smart M&A, which was another step by the company towards becoming a full-fledged premier property development and investment holding company. 

CIMB Thai Bank president and chief executive officer, Kittiphun Anutarasoti said: “CIMB Thai Bank is honoured to have played an instrumental role in this landmark deal for Singha Estate.

“Our customers’ trust spurs us on to deliver the best bespoke solutions for our clients, backed by CIMB’s deep in-house expertise and strong ASEAN network. We congratulate Singha Estate on realising its journey to becoming a leading fully-integrated premier property development and investment company.”

CIMB Thai Bank is a commercial bank registered in Thailand. It provides a wide variety of financial products and services to corporate, SME and retail customers, and offers financial advisory services to corporations, as well as mutual funds, insurances, and other products and services via its existing branch network.

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