BANGKOK — 26 October 2012 — Hunton & Williams (Thailand) Limited advised Krung Thai Bank PCL on its recent 35 billion baht (USD1.2 billion) rights offering. Krung Thai Bank (KTB:Bangkok) is the largest state-owned financial institution in Thailand. KTB's first capital increase in 13 years and the largest ever by a Thai corporation, the share offering was the first by a Thai bank, or by any Thai issuer, under Rule 801 of the U.S. Securities Laws. It was successfully subscribed in full by the bank's existing shareholders.
"Reportedly the largest public share offering by a Thai bank since the 1997 Asian financial crisis, this particularly noteworthy transaction reflects the resurgence and growing strength of the Thai market," said Stephen John Bennett, who comprised the Hunton & Williams team with Manida Zinmerman and Veerachai Chuenchompoonut. "Hunton & Williams' participation in the transaction builds on our already solid involvement in the energy, infrastructure, manufacturing, technology, telecommunications, banking and finance industries in the Asia-Pacific markets."
Hunton & Williams is consistently recognized by Chambers Asia Pacific with high rankings in projects and energy, banking and finance, corporate/M&A, international trade and restructuring and insolvency. The Legal 500: Asia Pacific regularly ranks Hunton & Williams in projects and energy, banking and finance, dispute resolution, real estate and construction, and restructuring and insolvency. In addition, Hunton & Williams was recently named the 2011 "Thai — Business Law Firm of the Year" by Global Law Experts and the 2012 "Business Law Firm of the Year in Thailand" by Corporate LiveWire.
About Hunton & Williams
Hunton & Williams provides legal services to corporations, financial institutions, governments and individuals, as well as to a broad array of other entities. Since our establishment more than a century ago, Hunton & Williams has grown to more than 800 lawyers serving clients in 100 countries from 19 offices around the world. While our practice has a strong industry focus on energy, financial services and life sciences, the depth and breadth of our experience extends to more than 100 separate practice areas, including bankruptcy and creditors' rights, commercial litigation, corporate transactions and securities law, intellectual property, international and government relations, regulatory law, products liability, and privacy and data security.