“GIC” Acquires 7.4% of AWC on the First Trading Day, Standing at 4th Major Shareholders

Singapore’s “GIC” acquired 7.4% of AWC on the first trading day, keeping the share above its IPO while standing at AWC’s 4th major shareholders.

On October 16, 2019, Securities and Exchange Commission (SEC) of Thailand has announced a Report of Acquisition or Disposal of Securities (Form 246-2) dated October 10, 2019, of Asset World Corp Public Company Limited (AWC).


The report states that GIC Private Limited, Singaporean Sovereign Wealth Fund, had acquired 2.29 billion shares, totaling 7.4191% of AWC’s voting rights from AWC’s 4th major shareholder, Merrill Lynch (Singapore) Pte. Ltd.

The acquisition on the first trading day made AWC’s share price to be able to maintain above its IPO price and closed at ฿6.05/share, increased 0.08/share or ฿0.83%.

As of October 8, 2019, Merrill Lynch (Singapore) Pte. Ltd. held 7.76% of AWC’s voting rights. In addition, the acquisition of GIC had made the Fund to rise up to AWC’s 4th major shareholders.