BANGKOK: Just three months after Thailand threw a US$ 11bil( RM45. 70bil) lifeline to businesses struggling to survive the pandemic, a scion of the nation’s wealthiest business dynasty is betting the bailout won’t be enough to stanch a deluge of distressed assets. Schwin Chiaravanont – whose family controls the 100-year-old Charoen Pokphand( CP) Group – is planning to raise US$ 500mil( RM2. 08bil) for his flagship private-equity venture 9 Basil, which aims to use most of the new money to step up
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2021-07-07 00:00:00.0