Two Thai tycoons spend US$27bil on acquisitions in one year, what lies ahead?

Two Thai tycoons spend US$27bil on acquisitions in one year, what lies ahead? – thestar.com.my, June 10, 2013
…The billionaires – 74-year-old Dhanin Chearavanont and Charoen Sirivadhanabhakdi, five years his junior – personify Thailand’s bull market and Asia’s frothy credit, feeding on fast, cheap loans bolstered by a surging local currency.
The worry though is that they also represent the financial risks building inside Thailand and elsewhere in Asia amid signs of economic slowdown and tighter lending markets. Consumer growth needs to stay fairly robust to justify the valuations paid for these deals, said Standard Chartered analyst Nirgunan Tiruchelvam…

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