Business Services Industry
Thailand E-Procurement Service Provider Aims to Expand Overseas.
Knight Ridder/Tribune Business News, January, 2004
By Srisamorn Phoosuphanusorn, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Jan. 21--Pantavanij Co, the country's largest e-procurement service provider, plans to expand through mergers or joint ventures with other online marketplace operators in Asia with the aim of becoming a regional player.
The company is also poised to list on the Stock Exchange of Thailand's commerce sector by the third quarter of this year, after raising 300 million baht in new capital and integrating technical functions of its Internet and e-commerce arm Freewill Solutions Co in a bid to cut costs.
Pantavanij chief executive Tri Kanchanadul said the company was now in talks with a number of online purchasing operators in Asia, such as Bayan Trade...
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