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Natpakal Rerknithi

Associate

Natpakal Rerknithi

Bangkok

T:+662 205 8530

Natpakal Rerknithi is a corporate lawyer based in Bangkok.

Natpakal graduated with a Bachelor of Laws degree from Chulalongkorn University (with Honours).

Natpakal's area of practice includes corporate and general commercial law, property fund, and real estate investment trust. His practice also includes legal due diligence and general corporate advice.

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  • Representative experience

    Equity Capital Markets

    • Advising TICON Management Company Limited, the Settlor and the REIT Manager on the establishment of TICON Freehold and Leasehold Real Estate Investment Trust (TREIT), the third Real Estate Investment Trust established in Thailand, and the public offering of 342,500,000 units of the trust.  The proceeds of the sale of trust units together with loan from Bangkok Bank PLC were subsequently used to acquire 25 warehouses, 20 factories and associated lands in 10 locations. The trust units of TREIT were listed on the Stock Exchange of Thailand. The transaction is valued at 4.228 billion Thai Baht (approximately US$ 132 million).
    • Advising Thai-German Products Public Company Limited on the capital increase and rights offering of 1,059,740,982 shares under its business reorganisation plan.
    • Advising MFC Asset Management Public Company Limited on the capital increase of MFC Industrial Investment Property and Leasehold Fund and rights offering of 75,000,000 investment units by the Fund. The proceeds of the capital increase were subsequently used to acquire 7 factories and land in TFD Industrial Estate and 17 leasehold warehouses in Kingkaew, Samut Prakan Province and extend leasehold land in Laem Chabang Industrial Estate. The transaction is valued at Baht 750 million (approximately USD 25 million).
    • Advising SCB Asset Management Company Limited on the establishment of TICON Industrial Growth Leasehold Property Fund, the domestic and international public offering of 555,000,000 investment units by the Fund and the acquisition of 56 factories and warehouses and freehold and leasehold land in seven locations. The transaction is valued at Baht 6.05 billion (approximately USD 201.67 million).
    • Advising MFC Asset Management Public Company Limited on the establishment of MFC Industrial Investment Property and Leasehold Fund (Fund), the public offering of 97,000,000 units of the Fund and the acquisition by the Fund of 12 factories and land in TFD Industrial Estate Bangphakong District, Chachoengsao, 2 factories and land in Nava Nakorn Industrial Promotional Zone Klong Laung District, Pathumthani and 18 factories with leasehold rights in land in Laem Chabang Industrial Estate Sriracha, Chonburi. The transaction is valued at Baht 970 million (approximately USD 32.3 million).
    • Advising BBL Asset Management Company Limited, the fund manager of TICON Property Fund, on the 6th capital increase and rights offering of 150,721,940 investment units by the Fund. The proceeds of the capital increase were subsequently used to acquire 27 factories and land in seven locations. The transaction is valued at Baht 1.57 billion (approximately USD 52.4 million).
    • Advising BBL Asset Management Company Limited, the fund manager of TPARK LOGISTICS Property Fund, on the 2nd capital increase and rights offering of 176,300,960 investment units by the Fund. The proceeds of the capital increase were subsequently used to acquire 36 factories and land. The transaction is valued at Baht 1.99 billion (approximately USD 66.6 million).

    Banking and Finance

    • Advising DP Aircraft I Limited on acquisition financing of 2 aircrafts Boeing 787-8 Dreamliner with MSN 36110 and 35320 with respect to Thai Airways International Public Company Limited.

    M&A/Joint Venture

    • Advising BCPG Public Company Limited, a listed subsidiary of Bangchak Corporation Public Company Limited in its investment of US$355 million for 33% in Star Energy Group Holdings Pte. Ltd. which are operating through its own set-up project companies conducting 3 largest geothermal power plants in Indonesia.
    • Advising Synnex (Thailand) Public Company Limited, a Thai listed company and one of Thailand's leading computer and IT products distributors, on the joint venture acquisition of approximately 75% of BAF (Thailand) Co., Ltd. which operates a motorcycle leasing business.  The joint venture parties are Com7 Public Company Limited and Mitsui Group.  The total offer value is THB 670.5 million (approximately USD 20.1 million).
    • Advising Sindicatum LFG Company Pte. Limited on its acquisition of 90% equity stake in Suphanburi Waste Management Co., Ltd., a company set up to develop a waste to energy project in Thailand.
    • Advising NFC Fertilizer Public Company Limited on the corporate restructuring necessary to resume trading on the Stock Exchange of Thailand, after exiting its court sanctioned rehabilitation plan, including its acquisition of business from Chemicals and Aromatic (Thailand) Co., Ltd.
    • Advising WP Energy Public Company Limited on the corporate restructuring necessary to resume trading on the Stock Exchange of Thailand
    • Advising United Power of Asia Public Company Limited on the relisting of its shares on the Stock Exchange of Thailand and assisting on various corporate secretarial work.
    • Advising World Gas (Thailand) Company Limited in its amalgamation with Picnic Corporation Public Company Limited which created WP Energy Public Company Limited, a company having the second largest market share of LPG sale in Thailand.
    • Advising Japanese company Toyota Tsusho Corporation (TTC) on the Thai aspect of an international M&A deal.  TTC has signed an agreement to acquire 100% of the shares of a company based in Malaysia and 100% of the shares of another company in Thailand, which are both involved in the sale of after-market car parts as well as batteries, lubricants and oil.

    General Corporate

    • Advising Ayudhya Auto Lease Public Company Limited in connection with the capital return to shareholders in the liquidation process.
    • Advising Ayudhya Total Solutions Public Company Limited in connection with the capital return to shareholders in the liquidation process.
    • Advising 12 subsidiaries/affiliates of Bank of Ayudhya Public Company Limited in capital restructuring through capital increase and dividend payment.
    • Advising RS Components on corporate law and general legal compliance, including corporate secretary matters.

    Regulatory

    • Advising Royal Bank of Canada relating to the compliance of SEC regulations.
    • Advising United Power of Asia Public Company Limited on SET & SEC compliance.
    • Advising Ayudhya Capital Auto Lease Public Company Limited on its application for life and non-life insurance brokerage licences.
    • Advising Ayudhya Capital Auto Lease Public Company Limited on its application for a foreign business licence under the Foreign Business Act.
    • Advising United Power of Asia Public Company Limited on the establishment of its subsidiary in Myanmar.

    Others

    • Undertaking due diligence on real properties for Frasers Centrepoint Limited in relation to its acquisition of shares in Golden Land Property Development Public Company Limited.
    • Advising a group of Thai investors on structuring and setting up a private equity investment scheme for investment in the US-based properties.
    • Acting as the independent AGM inspector for Bank of Ayudhya Public Company Limited in its annual general meeting of shareholdings in the year 2012 - 2014.
  • Admissions
    • Lawyer, qualified in Thailand