Capital Asia Investments (CAI), a prominent fund management company from Singapore, announced through the Thai Securities and Exchange Commission’s report on securities acquisition or disposition (Form 246-2) that it has increased its investment by purchasing significant shares in Bangchak Corporation Public Company Limited (SET: BCP).
The transaction, which occurred on December 20, 2024, saw CAI acquire 81,781,200 shares through CGS International Securities Singapore Limited. This purchase accounts for 5.9394% of Bangchak’s total paid-up shares.
With this acquisition, CAI ascends to become the fourth largest shareholder in Bangchak, as of September 5, 2024. The largest shareholder remains the Social Security Office, holding 195,252,597 shares, equivalent to 14.18%. This is followed by the Vayupak Fund One, which holds 188,200,000 shares, and Thai NVDR Co., Ltd with 162,255,706 shares, representing 11.78%. The Ministry of Finance holds 65,543,767 shares, or 4.76%.
In addition to the BCP shares, the CAI Optimum Fund VCC for the purpose of EDH Investments, managed by CAI, acquired a 14.6464% stake in VGI Public Company Limited (SET: VGI) on December 3, 2024, as per SEC reports.
Moreover, CAI has increased its investment in other companies, purchasing an 11.5803% stake in Mena Transport Public Company Limited (SET: MENA) on May 19, 2024, and an extra 1.911% in GTV on April 19, 2024, bringing its total holding in GTV to 15.2531%.
