Choladda Busabong

Senior Counsel

Choladda Busabong, is a Senior Counsel at The Capital Law Office who has over 20 years’ experience as a senior member of the SEC specializing in regulations regarding securities offerings, takeovers and corporate governance. During the majority of her time at the SEC, Choladda was involved in advising on nearly all equity offerings and takeovers submitted to the SEC. Her key role and responsibilities were to advise on legal issues concerning SEC regulations. Choladda was heavily involved in the drafting process for securities regulation enactments in connection with equity offerings, takeovers and corporate governance matters, which honed her expertise as a specialist in these and related SEC matters.

Education

LL.M., Washington College of Law, American University, 1995
LL.B., Thammasat University, 1991

Other Qualifications

Lawyer’s License, Lawyers Council of Thailand

Language

Thai, English

Highlight Representation

Represented Central Retail Corporation Public Company Limited in an IPO/listing on the Stock Exchange of Thailand (SET), and an international offering under Rule 144A/Regulation S, including a tender offer/share swap for delisting Robinson Public Company Limited, with a transaction value of THB 78.1 billion (approximately USD 2.37 million) which in Thailand’s largest IPO by market capitalization to date. This will be the first IPO/share swap, delisting combined in one transaction.

Represented Sahathai Terminal Public Company Limited, Thailand’s leading container terminal and logistics company in issuance of new shares and warrants to existing shareholders through a rights offering, with a transaction value of THB 349.3 million (approximately USD 10.58 million).

Represented Thanachart Capital Public Company Limited and Thanachart Bank Public Company Limited on a business merger with TMB Bank Public Company Limited (TMB Bank) to become the 6th largest bank in Thailand. Advice included, due diligence on TMB Bank and subsidiary; group restructuring; all agreements; obtaining approval/consent/exemptions from Thai authorities; preparing corporate documents-disclosures; closing and post-closing work, with a transaction value of THB 168.30 billion (approximately USD 5.1 billion) – represents the Thai banking industry’s largest merger to date. This deal was awarded “M&A Deal of the Year” by the Stock Exchange of Thailand.

Represented T.K.S. Technologies Public Company Limited in a conditional voluntary tender offer to acquire 100% of the shares of Thai British Security Printing Public Company Limited (TBSP) from all existing shareholders through a tender offer, with a transaction value of THB 1.35 billion (approximately USD 40.9 million).

Represented Pluk Phak Praw Rak Mae Public Company Limited, a company specializing in organic farming, which grows and distributes high-quality vegetables and fruits while focusing on sustainability and supporting both local and international markets, in an IPO/listing on the Stock Exchange of Thailand (SET), with a transaction value of THB 1.06 billion (approximately USD 32 million).

Represented Super Energy Corporation Public Company Limited in its issuance of various tranches of debentures, including those issued under the Medium Term Note Program.

Represented Bank of Ayudhya Public Company Limited, as joint lead arranger, in the underwriting of Supalai Public Company Limited’s Debentures No. 1/2568 worth up to THB 6 billion, issued under its Medium-Term Note (MTN) Program B.E. 2567 with a program value of up to THB 44 billion. The issuance comprised three tranches and was structured and executed in accordance with regulatory requirements, including the Supplementary Terms and Conditions dated 20 March 2025.

Represented Super Energy Corporation Public Company Limited in the establishment of its Medium-Term Note (MTN) Program with a total capacity of up to THB 9 billion and a program term of two years. The initial public offering under the program involved the issuance of unsecured and unsubordinated debentures totaling THB 1.15 billion across two tranches, due B.E. 2569 and 2570, respectively.

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