The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Second Thai natural-gas billionaire minted as IPOs rebound

Sarath Ratanavadi joins Somphote Ahunai as the fuel becomes critical for powering Thailand's development

Published Tue, Nov 21, 2017 · 09:50 PM
Share this article.

Bangkok

A WELL-TIMED decision more than a decade ago to abandon coal in time for Thailand's natural-gas boom is poised to make Sarath Ratanavadi the newest billionaire in South-east Asia's second-largest economy.

Based on the low end of the pricing range for his Gulf Energy Development Pcl's initial public offering this week, Mr Sarath has a net worth of US$1.9 billion, accordi…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here