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Thai Tap Plans to Expand Water Business in Asia, Krungthep Says

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Feb. 27 (Bloomberg) -- Thai Tap Water Supply Plc plans to invest 23.8 billion baht ($798 million) over five years, including expanding to neighboring Myanmar, the Thai-language Krungthep Turakij said, citing Managing Director Sompodh Sripoom.

Thailand’s largest non-state producer of drinking water, whose shares have doubled over the past year, is studying businesses in Myanmar, Laos, Vietnam and Indonesia, the report said. Investments would involve a joint venture or a takeover, Sompodh was quoted by the Bangkok Post as saying.

Link to Company News:{TTW TB <Equity> CN <GO>}

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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