About MaxView Media Group
MaxView Media Group has generated income from advertising media with 19 digital screens and 3 billboards, serving demand in Bangkok and the main cities including Chiang Mai, Khon Kaen, Surat Thani, Nonthaburi, Phuket, Pattaya, Hat Yai and Ko Samui.
Latest MaxView Media Group News
Sep 24, 2015
Thailand’s two major advertising media providers, who have been expanding through the inorganic route, are involved in an acquisition with PLANB buying majority shares in MaxView. In another business development, AQUA Corporation diversifies into warehouse business. PLANB buys majority shares in media firm for $3.36m One of Thailand’s major out-of-home media players Plan B Media PCL (PLANB) has acquired 85 per cent stakes in MaxView Media Group through its subsidiary Master Standard Display Co for 121.74 billion baht ($3.36 million) The transition is expected to be completed in October. The acquisition will help PLANB boost its income and increase its products to meet customers’ demand. The source of funding the acquisition will come from cash flows, said PLANB’s director Pinitsorn Luechaikajornpun. “We buy MaxView Media Group’s shares at 143.22 baht apiece. On the signing ceremony, we have already deposited 30 million baht and we will pay the rest after the due diligence is completed,” he said. MaxView Media Group has a registered capital of 100 million baht. It has generated income from advertising media with 19 digital screens and 3 billboards, serving demand in Bangkok and the main cities including Chiang Mai, Khon Kaen, Surat Thani, Nonthaburi, Phuket, Pattaya, Hat Yai and Ko Samui. This is Master Standard Display’s second acquisition since it acquired Triple Play Co Ltd for 12 million baht in July. PLANB targets a revenue of 3 billion baht this year. Over the first eight months, it recorded the revenue of 1.9 billion baht. By the end of this year, it is confident to hit the target due to the revenue from another subsidiary Hello Bangkok. Related stories: Thailand Dealbook: PLANB buys stake in Triple Play, FORTH ties up with Boon Rawd Brewery AQUA to acquire TCDC for $8.7m The Board of Directors of Aqua Corporation (AQUA) has approved the purchase of 27.12-per-cent stake in Thai Consumer Distribution Centre Co Ltd (TCDC) for 315 million baht ($8.7 million). This will increase AQUA’s shares in the firm to 96.13 per cent. AQUA, one of the leading advertising media companies in Thailand, will acquire the shares from five shareholders who are not related to the company. The source of fund is from its working capital. Currently, TCDC has two warehouses for rent with total space of 108,800 square metres. The main customer is Unilever . “TCDC has a good performance and run the low-risk business. Apart from a gain from TCDC’s sustained income, I believe AQUA wants to control the management in order to get TCDC listed on Thai bourse in the future and gain more from additional stock value,” a stock analyst who asked not to be named said. Also read:
MaxView Media Group Frequently Asked Questions (FAQ)
What is MaxView Media Group's latest funding round?
MaxView Media Group's latest funding round is Corporate Majority.
Who are the investors of MaxView Media Group?
Investors of MaxView Media Group include Plan B Media.