TCC TO INVEST IN TRX?
Thai tycoon Charoen may expand investments in Malaysia, says Darell
TCC Group, one of Thailand’s largest conglomerates, is looking at increasing its investments in Malaysia, including the possible foray into the services industry in Tun Razak Exchange (TRX).
International Trade and Industry Minister Darell Leiking, who met TCC group chairman Tan Sri Charoen Sirivadhanabakdi, here, said the billionaire businessman had indicated his intention to expand his investments in Malaysia.
“He indicated that he was exploring further investment opportunities in Malaysia. We definitely welcome this and have tasked our respective officers to look at where we can go from there,” he said in an interview at the end of his three-day working visit to Thailand recently.
Darell said the dinner-cum-meeting with Charoen went very well.
Charoen is one of Thailand’s top tycoons with businesses spanning several industries, including food and beverages, properties, consumer goods and trading.
Berli Jucker Pcl, part of the TCC Group, is a major industry player in Malaysia.
With his business empire expanding globally, Charoen’s current net worth was estimated at US$13.7 billion (RM56.72 billion), as reported by Forbes magazine, making him one of Thailand’s richest men.
“They could expand into services industries, which would create employment in Malaysia. We hope it will involve TRX and other current developments in Malaysia as well,” said Darell.
He was bullish about TCC’s potential investment in Malaysia.
“It is fairly positive to say it will happen,” said Darell.
He also held meetings with Thailand’s Commerce Minister Sontirat Sontijirawong, Federation of Thai Industries and the Malaysia-Thailand Chamber of Commerce and Industry.