Siam Global House Plc, a joint venture between SCG Distribution Ltd and Global House International, has taken a 40 percent share in Vientiane-listed Souvanny Home Centre to expand its building materials and home decor retail business.
Witoon Suriyawanakul, chief executive of Siam Global House, said the move was part of plans to expand in ASEAN, focusing on Cambodia, Laos, Myanmar and Vietnam.
Witoon said his company was also in talks to merge with companies in Myanmar, but deals had not been concluded due to complicated investment laws and regulations.
(Source: Bangkok Post)