Key Facts

• An investment firm owned by the five children of Charoen Sirivadhanabhakdi will buy hospitality assets worth S$1.1 billion ($848 million) from a developer controlled by their family.
• The assets being purchased are valued at $848 million, which is equivalent to S$1.1 billion.
• Charoen Sirivadhanabhakdi is Thailand's second-wealthiest person, and the deal involves his five children.
• The deal involves the sale of hospitality assets, though specific details about the assets or the developer are not provided.
• The family of Charoen Sirivadhanabhakdi is both the buyer and seller in this transaction, with the children owning the investment firm making the purchase from a developer under family control.