“We raised the funds from the Thai capital market in order to pay back some of our bonds that we issued in the Singapore capital market three years ago,” the company’s global coordination division director Yong Hoon Ralph Byun said in an interview with The Nation recently. The company imports and sells automobiles, including Daewoo models, and motorcycles in Laos. Kolao has more than 40 per cent of overall market share in Laos’ automotive industry. Kolao Holdings, with its subsidiaries, manufactures, imports, and sells automobiles and motorcycles mainly in Laos, Myanmar, Vietnam and Cambodia. “We decided to issue our corporate bond in Thailand’s capital market as we see it as a financial hub in this region,” he said.

Source: The Nation Bangkok August 15, 2017 18:11 UTC