By Tomas S. Noda III
The assets and business that will be acquired in the transaction will be utilized to further expand MPIC’s logistics business, which continues to offer attractive returns in view of the strong demand in the sector.
Deal sized is pegged at $3.5 million (P175 million), with Store Specialists getting a 51 stake, while RKJ a 49 per cent ownership in the new entity.
The Philippine-based mature stage startup was awarded with $10,000, and was also invited for a co-creation engagement with Visa at its Innovation Center in Singapore.
Philippines has a mere 266 companies that are listed
Listed holding firm Alterra Capital Partners Inc is raising at least $36 million (P1.6 billion) in its latest public offering.
Called Sidrap Project, it is the first utility-scale wind farm project in Indonesia targeted to have a generating capacity of 75 MW and is expected to be completed before 2017 ends.
Both startups consider the partnership as an “ideal union” sharing the vision of the high-potential value of Ecommerce and non-Ecommerce retail businesses.
Premiere Horizon Alliance Corp (PHA) is raising over $20 million (P1 billion) to expand its infrastructure and tourism businesses.
DEALSTREETASIA handpicked 14 promising startups that are interesting to watch in 2017. These groups are into fintech, real estate, transportation, software, cloud services, business applications, mobile gaming, and human resources.
State-owned Development Bank of the Philippines (DBP) has named former Land Bank of the Philippines officer in charge (OIC) Cecilia Borromeo as its new CEO and president to take effect on January 9, 2016.