Chinese and Thai investors agree to co-invest to boost business synergy

By k on July 28, 2009

PATTAYA, July 28 (TNA) – Chinese investors from business associations worldwide and leading Thai businesspersons have co-invested in trade valued at US$6.2 billion or some Bt210.8 billion as part of their effort to boost business synergy, according to Industry Minister Chanchai Chairungruang.

Some 400 Chinese investors and Thai counterparts participated in the four-day meeting in this seaside resort city southeast of Bangkok to discuss business opportunities in Thailand.

Describing the first day of the meeting as an impressive success, Mr Chanchai said the 35 Chinese and Thai partners achieved business deals and agreed to sign memoranda of understanding (MOU) on their joint investment.

Two major companies, who signed at the meeting, are Saha Farm, a leading agricultural producer in Thailand, and New Hope Group, a large Chinese company with 270 affiliates.

Other companies are in industries such as electronic parts, textiles, chemical products, and processed farm output. (TNA)

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