Thailand’s Siam Commercial Bank seeks bids for insurance business

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Prudential PLC, AIA Group and Manulife Financial Corp are said to be weighing a bid.

The logos of Siam Commercial Bank are pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha

Thailand: Tuna processor Sea Value in talks to buy another plant in France

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In case that the deal cannot go through, Sea Value will consider doubling the production capacity of its French subsidiary Sea Value Atlantic which it acquired in the end of October 2015.


Indonesia: Media startup Kumparan receives first round of funding

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Indonesian media startup Kumparan announced today that it has received its first round of funding from “undisclosed investors in the region”. The investment was done shortly after the startup’s initial launch in 2016 and before launching a beta version in January 2017. Kumparan claims to be Indonesia’s first hybrid site… Read more »


LG to sell chip unit stake to SK Holdings for $532m

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South Korea’s LG Corp, the holding company of LG Group, said in a filing on Monday it agreed to sell a stake in silicon wafer producer LG Siltron Inc to SK Holdings Co for 620 billion won ($531.9 million). SK Holdings, a holding company of SK Group which controls semiconductor… Read more »


Chinese group buys Talking Tom app maker Outfit7 for $1b

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The Chinese consortium was led by industrialist Ou Yaping


Indonesia: Reliance buys 68% in WOM Finance; Siloam buys hospitals; Astra takes over Cipali Highway

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Reliance Capital Management has purchased 68.55 per cent stakes of Wahana Ottomitra Multiartha (WOM Finance) from Bank Maybank Indonesia, while Siloam International announced that it will acquire two new hospitals located in Bekasi, West Java, and Mataram, West Nusa Tenggara. In another deal news, conglomerate Astra International through its unit… Read more »


India: Hero Future Energies plans 100 MW solar power plant in South-East Asia

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Backing Munjal’s ambitious plan is around $125 million cash from IFC.


India Digest: Airtel looks to merge Ghana ops with Millicom; Jumbo Electronics to exit India

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Airtel recently concluded merging its operations with Axiata in Bangladesh.


SG Dealbook: AsiaMedic to acquire LuyeEllium; ASLAN Pharma to list in Taipei

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AsiaMedic is acquiring a South Korean medical services firm and ASLAN Pharma is conducting its initial public offer on the Taipei bourse.


Singapore: CoAssets makes strategic investment in Chinese crowdfunder Da Xian Bing

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ASX-listed CoAssets has made a RMB 1 million (~$146,000) strategic investment in Chinese product crowdfunding platform Da Xian Bing, acquiring 10 per cent of the firm for RMB 1 million.