IFC to finance $25m in City Mart’s $46m retail expansion in Myanmar

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World Bank’s private lending arm, the International Finance Corporation (IFC), will be investing $25 million in the form of long-term debt to fuel Myanmar-based privately-held City Mart Holdings Limited’s (CMHL) $46-million retail expansion plans, according to an investment disclosure by IFC. CMHL’s shareholders are Win Win Tint, the founder and managing director, and her relatives…. Read more »

Vietnam’s realty major Vingroup spends $468m for M&A deals, diversification

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Vietnam’s largest property developer Vingroup, through its subsidiaries, has invested more than VND10 trillion ($467.7 million) in merger and acquisition (M&A) deals, last year. This was revealed in the company’s financial statement for 2014, which has released today. Most of the M&As were to consolidate its core function of real estate but… Read more »