October 10, 2016: TRC & APOT signed Cooperation Agreement with ICBC
TRC Construction Public Company Limited (“TRC”) by Mr. Pasit Leesakul, Director and Chief Executive Officer together with ASEAN Potash Chaiyaphum Public Company Limited (“APOT”) by Mr. Smai Leesakul, Chief Executive Officer and Managing Director signed the financial services cooperation agreement with Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBC (Thai)) by Dr. Zhigang Li, Chairman. SINO-THAI Business Investment Forum 2016 held on 10 October 2016 at Grand Hall, Plaza Athenee Hotel Bangkok. Dr. Somkid Jatusripitak, Deputy Prime Minister of Economics was a keynote speech. ICBC aims to be the bridge between Thailand’s and China’s economy offering comprehensive financial services and cover both retail and corporate customers offering credit facilities, deposits, money transfer services, RMB services and RMB Clearing Bank in Thailand for promoting Chinese businesses to invest in Thailand and Thai businesses to invest in China.
In addition to TRC and APOT, there were executives from the leaders of major industries of both countries joining the forum such as Huawei, China Railway Construction Corporation Limited, CP Group and Amata Corporation together with delegations from ICBC, China and representatives for 4 regions of China (Guangxi, Yunnan, Hebei and Helongjiang) and major city Qingdao. Moreover, there were representatives from 9 ICBC branches in the Asian region (ICBC Asia, Malaysia, Indonesia, Cambodia, Lao, Singapore, Myanmar and Hanoi) as well as Chinese investors in Thailand and Thai investors who are interested to invest in China. Altogether, there were around 300 guests at the event.