Thursday August 16, 2018 19:39

SUBSIDIARY Press Releases

THAI Smile Airways extends its presence in China by appointing CITS as its General Sales Agent in China Lifestyle—15 Aug 18

THAI Smile Airways, a subsidiary airline of THAI Airways International Public Company Limited (THAI) and a regional airline operator for short and medium range flights, appoints The CITS (Beijing) Air Travel Service Co.,LTD as its General Sales Agent

Fitch Downgrades CIMBT to #AA-(tha)#; Maintains RWN on CGS-CIMB TH Stcoks—16 Aug 18

Bangkok--16 Aug--Fitch Ratings

Fitch Ratings (Thailand) has downgraded CIMB Thai Bank Public Company Limited's (CIMBT) National Long-Term Rating to 'AA-(tha)' from 'AA(tha)'. The agency has also downgraded the guaranteed bonds issued by subsidiary, CIMB Thai Auto Co., Ltd. (CIMBT Auto) to 'AA-(tha)' from 'AA(tha)'. At the same time, Fitch has maintained the Rating Watch Negative (RWN) on CGS-CIMB Securities (Thailand) Co., Ltd.'s (CGS-CIMB TH) National Long-Term Rating of 'AA-(tha)' and National Short-Term Rating of 'F1+(tha)'. A full list of rating action is at the end of this rating action commentary.

The downgrades are a result of Fitch's revised view of Malaysia-based CIMB Bank Berhad, which we have aligned with our consolidated view of parent, CIMB Group Holdings Berhad (CIMB), due to their integrated management and strategy. The downgrades also reflect Fitch's expectation that key financial indicators for CIMB Bank Berhad, which have remained at the lower-end of local peers, are not likely to approach levels commensurate with our previous view, notwithstanding the improvement in the previous few years.

The downgrade of CIMBT Auto's guaranteed bonds was triggered by the downgrade of CIMBT, the guarantor.
KEY RATING DRIVERS
Fitch believes there is a high probability that CIMBT would receive extraordinar

FEV expands its Asia business with the foundation of FEV Thailand Co., Automotive—15 Aug 18

On August 8, a ceremony for inauguration of FEV's Thailand subsidiary will take place in Bangkok under participation of Government officials and clients. With this new location, FEV will continue its growth in Asia to support the mobility sector in the

Godrej Process Equipment Acquires Yuba and Ecolaire Brands From SPX Heat Transfer, Energy—14 Aug 18

Godrej Process Equipment , a business unit of Godrej & Boyce Mfg. Co. Ltd. , has acquired the Yuba and Ecolaire brands and design technologies from SPX Heat Transfer, a subsidiary of SPX Corporation, USA, a global supplier of highly engineered

Photo Release: WHA Group Sponsors Influenza Prevention Efforts in Rayong General—14 Aug 18

WHA Industrial Development Plc., a subsidiary of WHA Corporation PCL (WHA Group), in collaboration with the Industrial Estate Authority of Thailand (IEAT) and Pluak Daeng Hospital, recently sponsored the influenza vaccine campaign for residents of Pluak

Trina Solar provides 167MW of PV modules to Europe#s largest PV project Energy—14 Aug 18

On August 9, Trina Solar Limited ("Trina Solar" or the "Company") announced that the photovoltaic (PV) manufacturer will provide 167MW of PV modules to the largest solar PV project in Europe. ACS Group and its subsidiary Cobra, specialized in turnkey

AIS confirms to participate in 1800 MHz spectrum auction but decides not to join re-auction of 900 Telecom—08 Aug 18

According to the announcement of the National Broadcasting and Telecommunications Commission (NBTC) on an invitation to apply for 1800MHz and 900MHz spectrum license auction, Advanced Info Service Public Limited Company (AIS) via its subsidiary, Advanced

GHL starts merchant acquisition for UnionPay International Stcoks—08 Aug 18

UnionPay International (UPI) is please to announce that GHL Cardpay Sdn Bhd, a wholly owned subsidiary of GHL Systems Berhad ("GHL"), has been appointed as a direct merchant acquirer for UnionPay International for the Malaysian market. UPI focuses on

SCB Abacus launches Keb Hom application, the first AI-powered money-saving app in Thailand, in a Stcoks—06 Aug 18

SCB Abacus, a subsidiary of Siam Commercial Bank (SCB), has unveiled their latest mobile application "Keb Hom" – the AI companion to help users achieve their saving goals. Keb Hom is the first Thai money-saving app to boast AI features to enable

Next NPPG Transformation Joins hands with Laem Chareon Seafood to start food business in China and Stcoks—02 Aug 18

NPPG (Thailand) Pcl., or NPPG disclosed its vision to extend its business under the concept "Next NPPG Transformation" through the establishment of a subsidiary, "Kinghill Food", to start restaurant business in China. The Company has recently joined

Photo Release: C.P. Laos donates funds and reliefs to flood victims in General—26 Jul 18

C.P. Laos Co., Ltd, a subsidiary of Charoen Pokphand Foods PCL (CPF), donated 7,500 eggs and drinking water to the Attapeu Provincial Administration Office to urgently alleviate people who suffered from the Xepian-Xe Nam Noy hydropower dam collapse. In

Suning.com listed on 2018 Fortune Global 500 with profit growth ranked Top 3 Among Chinese Stcoks—24 Jul 18

Suning.com, a subsidiary of Suning Holdings Group ("Suning") was listed on 2018 Fortune Global 500 with an annual revenue of USD 27.8 billion, which is the second time the company appeared on the list since 2017. Meanwhile, Suning.com ranked Top 3

SCB Securities Renews Thai DECIDE Service To Benefit from World Class Solution for SCBSs Stcoks—24 Jul 18

Serisys Solutions Thailand ("Serisys") today announced that SCB Securities Co.,Ltd. (SCBS), a wholly-owned subsidiary of Siam Commercial Bank Plc., and one of Thailand's leading securities firms, has renewed Thai DECIDE service for a further five years

Suning Logistics Signs Strategic Partnership with Baidu Apollo to Accelerate Self-Driving IT—10 Jul 18

Suning Logistics, a subsidiary of Suning Holdings group, today revealed it has signed a strategic partnership with Baidu Apollo to accelerate the commercial application of self-driving technology which could see the mass production of unmanned delivery

DG Tech Global Limited Announces Strategic Partnerships to Create a Decentralized Online General—09 Jul 18

- Hong Kong-based DiGi Holdings Limited's DGCoin Ecosystem Revolutionizes Financial Services for the Unbanked and Underbanked Hong Kong-based company DiGi Holdings Limited and its subsidiary DG Tech Global Limited has announced a strategic partnership

Baidu Joins Forces with Softbank#s SB Drive, King Long to Bring Apollo-Powered Autonomous Buses to IT—05 Jul 18

Baidu, Inc. (NASDAQ: BIDU), SB Drive, a subsidiary of Softbank dedicated to self-driving technology research; and King Long, a leading commercial vehicle manufacturer in China, today announced a strategic partnership to jointly develop and deploy a

KT SAT Eyes SE Asian Market at CommunicAsia 2018 Telecom—28 Jun 18

KT SAT Co., the satellite-operating subsidiary of KT Corp. (KRX: 030200; NYSE: KT), is offering its cutting-edge satellite services to potential Southeast Asian customers this week at CommunicAsia 2018, the largest Asia-Pacific trade show for

Photo Release: TADA Plastics Finalizes Land Purchase Deal in EEC General—06 Feb 18

Tada (Thailand), a subsidiary of Japan-based Tada Plastics Mold Ltd., recently held a contract signing ceremony for the purchase of land at the Eastern Seaboard Industrial Estate (ESIE) in Rayong, located in Eastern Economic Corridor (EEC). Powered by

ANCA Manufacturing Finalizes Rayong Factory Purchase Deal with WHA General—13 Feb 18

Shown in photo: Mr. Grant Anderson (center left), Group Chief Executive Officer, ANCA Group and Mr. David Nardone (center right), Group Executive Industrial and International, Hemaraj Land And Development PLC, a subsidiary of WHA Corporation PCL, during

Photo Release: WHA Group Supports New Audio Amplifiers for Nong Yai Police General—19 Feb 18

Mr. Sunya Baopoonthong, Corporate Affairs Manager, Hemaraj Land And Development PLC, a subsidiary of WHA Corporation PCL (WHA Group), supported money to purchase high-quality amplifiers for the Nong Yai provincial police station in Chonburi. These audio

Photo Release: WHA Group Donates New Workout Equipment and Fitness Machines to Pluak Daeng General—20 Feb 18

Mr. Sunya Baopoonthong, Corporate Affairs Manager, Hemaraj Land And Development PLC, a subsidiary of WHA Corporation PCL (WHA Group) delivered a contribution of 100,000 Baht to Pluak Daeng Hospital in Rayong province, to build an exercise room with

Photo Release: WHA Group Supports Campus Improvement at Wat Chalermlarp General—27 Feb 18

Mr. Sunya Baopoonthong, Corporate Affairs Manager, Hemaraj Land And Development PLC, a subsidiary of WHA Corporation PCL (WHA Group), handed over a cheque of 100,000 Baht to Wat Chalermlarp School in Nong Yai District, Chon Buri, to be used to enhance

Photo Release: WHA Group Launches Organic Wood Vinegar Project in Ban Khao Hin General—26 Mar 18

Mr. Sunya Baopoonthong (3rd right), Corporate Affairs Manager, Hemaraj Land And Development PLC, a subsidiary of WHA Corporation PCL, visited Ban Khao Hin School to hand over a 35,000 Baht donation to build a kiln for organic wood vinegar. This substance

Photo Release: WHA Group Donates New Water Dispenser for Nong Sua Chang Child Development General—04 Apr 18

Hemaraj Land And Development PLC, a subsidiary of WHA Corporation PCL, recently donated a water dispenser to Nong Sua Chang Child Development Center in Chon Buri province. Mr. Sunya Baopoonthong (3rd left), Corporate Affairs Manager, visited the Center

MALEE Group Launches #MAS, its Research and Product Innovation Arm - Introduces Vintico 100% General—27 Jun 18

Bangkok – 27 June 2018: MALEE Group has officially launched a subsidiary called MALEE Applied Science Co., Ltd. (MAS) to lead the Group's research and product innovation efforts while carrying out the company's CSR-in-process mission. MAS will

Samsung Asset Management Launches China Internet Focused ETF Stcoks—26 Jun 18

Samsung Asset Management (Hong Kong) Limited ("SAMHK"), a wholly-owned subsidiary of Samsung Asset Management Co., Ltd. ("SAM"), launched a new Exchange Traded Fund (ETF), the Samsung CSI China Dragon Internet ETF, which invests in the 30 largest Chinese

Photo Release: WHA Group and Ban Khai Technical College Promote Road General—06 Feb 18

Hemaraj Land And Development Plc, a subsidiary of WHA Corporation Pcl, in collaboration with Ban Khai Technical College, launched the "Take a Break for Road Safety" campaign for motorists in Nikhom Pattana, Rayong early this year. As their on-the-job

UNISOC Launches the World#s Most Integrated Quad-core LTE Chip Platform IT—20 Jun 18

As a core subsidiary of Tsinghua Unigroup, UNISOC, one of the world's leading chip design companies, today announced the launch of the world's most integrated Quad-core LTE chip platform - UNISOC SC9832E. The platform is positioned as a global mainstream

Recruit Integrates Overseas Brands to Enhance Recruitment and Executive Search Services in General—05 Feb 18

Recruit Holdings Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Masumi Minegishi) announces that, from April 2018, its wholly owned Asian subsidiary, RGF Hong Kong Limited ("RGF"; Headquarters: Hong Kong; President: Takashi Kuzuhara),