Capital Markets, M&A, Securitiesiasadmin

IAS acts for CGH on cross-border sale of Pi Securities to Webull

IAS Advisory acted as Thai legal counsel to Country Group Holdings PCL (SET: CGH) on the sale of its controlling interest in Pi Securities PCL to Webull Holdings (Singapore) Pte. Ltd., a subsidiary of Nasdaq-listed Webull Corporation (Nasdaq: BULL).

Pi Securities is one of Thailand’s longer-established brokerages, with 50+ years in the local capital markets and businesses spanning equities, derivatives, wealth management, and depositary receipt issuance. The transaction is a significant cross-border sale of a licensed onshore securities platform and underscores continued international interest in Thailand’s regulated brokerage sector.

IAS Advisory advised CGH on Thai corporate and securities regulation, SET and shareholder processes, and the cross-border aspects of the sale.

The matter was led by co-founders Mr Ittinant Suwanjutha and Ms Patnatwipha Sasithiroj (formerly Siripen Kulworakulpitak), with substantial support from associates Mr Tataraj Indrasukhsri, Mr Thaveerath Rahardja, Mr Watthanai Riyapan, Mr Chanin Tinnakorn, and Ms Napassaporn Trakulroong.

Capital Markets, M&A, Securitiesiasadmin

IAS Advisory advises BYD on acquisition of Kingsford Securities

IAS Advisory is pleased to announce that it advised Beyond Securities PCL (SET: BYD), a listed Thai securities company, on its acquisition of Kingsford Securities and the related corporate restructuring of BYD into a holding company.

The acquisition was the first step in BYD’s transition from an operating securities company to a holding company platform, giving it the corporate architecture to acquire, hold, and manage a broader portfolio of businesses. The restructuring supports BYD’s longer-term strategy of diversification beyond its traditional operations and of pursuing further investments and new business lines.

IAS Advisory advised on the overall transaction and restructuring architecture, performed legal due diligence, drafted and negotiated the transaction documents, and provided ongoing counsel on corporate, regulatory, and securities law matters throughout the acquisition and the holding-company conversion.

The work was led by co-founders Mr Ittinant Suwanjutha and Ms Patnatwipha Sasithiroj (formerly Siripen Kulworakulpitak), with essential support from legal associates Mr Tataraj Indrasukhsri, Ms Natpanee Pasuntaratum, Mr Thaveerath Rahardja, Mr Watthanai Riyapan, Mr Chanin Tinnakorn, and Ms Napassaporn Trakulroong.

CEO Training, SME D Bankiasadmin

Anuwat guest speaker on “CEO Exclusive Program” by SME D Bank

IAS Advisory strengthens foundations for Thai executives on SME D Bank’s recent “CEO Exclusive Program,” driving financial and legal strategies for sustainable growth

Mr Anuwat Ngamprasertkul, co-founding partner of IAS Advisory, was recently invited by SME D Bank as a guest speaker for the training session titled “CEO EXCLUSIVE PROGRAM: Mastering CFO Mindset, AI Financial Strategy, and Capital Expansion,” which was held on 15th May 2026. The program was designed to empower executives with strategies for long-term financial growth, highlighted by his session, “From Compliance to Strategy: Legal, Tax & Risk Playbook for CFOs.”

Anuwat shared his insights and experience across the business lifecycle: from startup and operations to expansion and dispute prevention across four core strategic pillars:

• Designing Legal & Tax Structures for Family Businesses: utilising the establishment of a holding company to effectively manage risks, facilitate business succession, and streamline estate planning.
• Frameworks for AI Adoption & PDPA Risk Control: implementing General AI within organisations alongside robust Personal Data Protection Act (PDPA) compliance roadmaps to safeguard against severe penalties and statutory legal repercussions currently being enforced.
• Contractual Strategies & Dispute Resolution: enhancing contract drafting techniques and leveraging arbitration processes to proactively mitigate risks and minimise damages for sustainable business operations.
• M&A: mergers to promote strategic synergy within the target company for sustainable growth.

IAS Advisory is proud to play a vital role in empowering SMEs and enterprises across all sectors, supporting their sustainable growth by establishing a rock-solid legal foundation.

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