Bangkok, 21 May 2024 – P.S.P. Specialties Public Company Limited (“PSP”) has announced that one of its shareholders has signed a Share Purchase Agreement with CPFam-LDA Asia Growth Fund (the “Fund”) for up to THB 500 million.
In August 2023, LDA and the Jiaravanon family—who draw
their wealth from the Charoen Pokphand Group—launched The CPFam-LDA Asia
Growth Fund to invest in publicly listed and pre-IPO high-growth companies
across Southeast Asia. The synergy between LDA’s cross-border expertise and CP
Group’s deep regional connections is expected to drive significant advancements
in sectors such as technology, agriculture, and energy, which are pivotal for
sustainable growth.
PSP plays a crucial role in the lubricant and specialty
products industry, sectors that are essential for the functioning of a wide
range of industrial activities and automotive services in Southeast Asia. This collaboration
between PSP and CPFam-LDA Asia Growth Fund not only bolsters its capacity for
innovation and expansion but also reinforces the infrastructure supporting
Thailand's critical industrial sectors.
“The transaction with PSP marks a significant milestone for
the Fund," stated Anthony Romano, Fund Director. "It underscores our
commitment to the region and exemplifies the strategic capabilities we aim to
enhance through our partnership. PSP represents the type of high-potential
company we seek to support — crucial to its industry and poised for substantial
growth and development”.
“Our strategic plan is to strengthen the core business by expanding
the revenue portfolio to various specialty products and international markets,
and to optimize sustainable growth
from investment in new target industries,” said PSP deputy CEO, Sakesan
Krongphanich. “Listing on the Stock Exchange of Thailand last year was our
achievement but to have an investor with strong global connections will enhance
PSP’s growth significantly.”
ไม่มีความคิดเห็น:
แสดงความคิดเห็น