ABSTRACT

Chareon Pokphand group with the technical expertise of foreign entrants, including telecommunications giant Nynex and PepsiCo. In the postcrisis environment, tying up with a big foreign corporation has been especially attractive as many local firms have needed the new capital these entrants can provide in the restructuring of their debt-ridden and often insolvent operations. This is typified by the Siam Cement group, Thailand’s largest indigenous conglomerate, which recently sold its majority holding in four auto companies to the Toyota Motor Corporation.