CP Retail merged with “Makro” to push the business capital to close, soaring 3,000%

Business dissolution registered capital Oct. Up 3,502% because CP Retail’s business collapse nearly 200 billion including Makro-Lotus deal While the number of businesses out of business increased by 31%, indicating that it was in line with the trend of the past 5 years, while UNCTAD pointed out that Thais flocked to M&AT, out-of-home businesses in 2020 doubled.

Mr. Thosapol Thangsubutr, Director-General of the Department of Business Development disclosed that business registration Oct. 2021 new business 5,555 cases, down 265, or 5% from September, but up 159, or 3%, compared to the same month last year. with a registered capital of 21,965.41 million baht, an increase of 57% compared to September but decreased by 50% compared to the same month last year.

partbusiness discontinued Number of 1,976 cases with a registered capital of 207,653.57 million baht, which is consistent with the trend of business dissolution in the past 5 years.

For the cause of business dissolution in October with high registered capital because in October CP Retail Holding Co., Ltd., with registered capital of 199,479.57 million baht, has registered for dissolution with the Department of Business Development. Because the company By the resolution of the shareholders, the business and all assets were transferred to Siam Makro Public Company Limited. such as Lotus’s Stores retail business in Thailand and Malaysia. Including a resolution to register the dissolution of the business with the Department of Business Development. with effect from 25 October 2021 onwards.

Businesses went out of business in October, up 473, or 31 percent from September, but down 82, or 4 percent, compared to the same month last year. while the registered capital of businesses that ceased operations in October increased by 201,888.98 million baht, or an increase of 3,502%.Compared to September last year and increased by 199,860 million baht or 2,564% compared to the same month last year.

for CP is One of the Thai businesses that invested abroad in the past year 2020 by the World Investment Report 2021. : Sustainable investment recovery [ The World Investment Report 2021: INVESTING IN SUSTAINABLE RECOVERY] Of the United Nations Conference on Trade and Development, or UNCTAD, the summary states that Outflows OFDI of ASEAN countries include: Indonesia and Thailand increased, with Thailand rising to $16 billion amid the decline in investments by many ASEAN countries.

The main investment of Thailand is the Electricity Generating Authority of Thailand (EGAT) to invest in Vietnam worth $2.4 billion. Construction of the $384 million Loc Ninh power plant and B.Grimm Power Plc invested in a $300 million solar project.

Last year, Bangkok Bank acquired Bank Permata of Indonesia for $2.3 billion, Thai Beverage Public Company Limited acquired Frasers Commercial Trust (Singapore) for $1.1 billion. and end with Charoen Pokphand Group (CP) also bought Tesco in Malaysia for $700 million.

The business is in operation as of Oct. 2021, the business is in operation (as of Oct. 31, 64), 809,410 businesses operating across the country, with a capital value of 19.26 trillion baht, divided by the capital range. Most businesses have a capital range of not more than 1 million baht, amounting to 480,124 businesses, representing 59.32%, while a capital range of more than 100 million baht, amounting to 16,530 companies, accounting for 2.04%, with a total capital value of 16.02 trillion baht, or 83.16%.



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