True Move's parent, True Corp, filed a statement with the Stock Exchange of Thailand yesterday saying that in the cashless deal, True Move would obtain 990 ordinary shares of AnyMobile in return of its providing business-linkage opportunities and management skills to AnyMobile.

Thaifex - World of Food Asia

The Export Promotion Department, the Thai Chamber of Commerce and Koelnmesse, the world-class German food-exhibition organiser, have once again joined forces to organise Thaifex -World of Food Asia 2007, to be held May 23-27 in Challenger Halls 2-3 at Impact Muang Thong Thani.

The event is set to become the grandest and most significant food exposition in the Asia-Pacific and a key driving force in steering Thailand to become one of the world's leading food producers.

Export Promotion Department deputy director-general Benjawan Ratanaprayul called the event a great platform for entrepreneurs in food-related industries to meet to exchange business know-how.

This year will feature leading food producers from more than 30 places, including the US, Canada, France, Australia, Japan, South Korea, Taiwan, Hong Kong and elsewhere in Africa, Asia and the EU.

Rice to start trading on Afet

Rice will start trading on April 20 on the Agricultural Futures Exchange of Thailand, giving farmers more stable prices and paving the way for the end of price interventions in the future, Deputy Commerce Minister Oranuj Osathananda said yesterday.

About 30,000 tonnes out of 150,000 tonnes of white rice in ministry stockpiles will be traded on the first day. However, prices on the first day of trading cannot be predicted, depending as they do on market demand.

Oranuj said the commencement of trading was aimed at reflecting prices in the world market and increasing the transparency of agricultural trading.

Sansiri signs condo contract

Property firm Sansiri has signed a contract with J&W Development, the property arm of furniture firm Decor Mart, to develop and manage a Bt600-million condominium project in Hua Hin called Baan San Dow, says president Srettha Thavisin.

He said the deal would not involve forming a joint venture to develop the condominium project, but rather the company would receive construction and management fees for developing and managing the marketing and sales for it. J&W Development is the owner of the project.

The company will hold a soft launch for the project during this month's Songkran festival in Hua Hin.

This is the first property project of J&W Development in Thailand.

Currently, J&W Development has three businesses in Thailand: a serviced apartment in Sukhumvit Soi 55, a warehouse at Kilometre 38 of Bang Na-Trat Road and a Japanese restaurant.