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 »
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Thailand’s fintech startup T2P signs a for a partnership with Myanmar’s City Mart Holdings. Tourism start-ups in Mekong Region opened for two accelerator programs under MIST.
“Significant long-term US dollar financing is not currently easily available in Myanmar. IFC’s proposed investment is to provide long term funding,” IFC said.
The firms are currently holding international roadshows to market their IPOs,
Alibaba Group Holding Ltd. and Amazon.com Inc. are about to clash in Southeast Asia. And Lazada Group SA, which Alibaba bought this year for $1 billion, will be right at the heart of that conflict. Southeast Asia’s largest e-commerce site is rolling out a series of initiatives in anticipation of the U.S…. Read more »
Vietnamese government holdings in some public sector firms have reduced in developments over the last one week.
Japanese retail giant Aeon Co Ltd. has formed capital and business alliances with two major supermarket operators in Vietnam as it expands its business in both that country and also across South East Asia. The company, which earlier had a ‘go-it-alone approach’, has now roped in Fivimart and Citimart, which… Read more »
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 »
The International Finance Corporation (IFC) is likely to make an equity investment of up to $25 million in a new fund, SBCVC Fund V, L.P., which will invest in equity and equity-linked instruments of fast-growing mid-market technology companies in China. SBCVC, or SB China Capital, is a venture capital and private… Read more »
The deal values Future Supply Chain Solutions Ltd at Rs.1,450 crore. SSG will buy 14% stake held by Future Retail Ltd and 26% from SKC, part of Fung Capital.