Chalida Ekvitthayavechnukul

Correspondent, Thailand
Email: chalida@dealstreetasia.com

Thailand-based restaurant chain operator ZEN eyes IPO in Q1

Zen Corporation plans to sell 75 million shares, equivalent to 25% of its registered capital, in an IPO on the Thai stock exchange in the first quarter.


Thailand approves merger of telcos TOT and CAT

Monchai Noosong, president of TOT, said the merger is expected to complete in June and a restructuring should take a few more years to complete.


Chinese apartment rental platform Danke Gongyu to buy rival iShangzu for $200m

This acquisition comes after Danke Gongyu completed its $70-million Series B+ round in June last year.


Thailand’s furniture maker ECF to buy 51% stake in IT trading firm S-Trek

The deal, conducted through a share swap, is expected to be completed in the second quarter of this year.


Asia Digest: iKala raises $10m Series A+; GaiaWorks secures $44m

Taiwanese iKala, among the largest Google Cloud partners, has completed a $10-million Series A+ financing round from Hotung Venture Capital and Pacific Venture Partners.


KTB Securities targets to raise $6.2m in Thai IPO

KTBST product range covers domestic and offshore equities, structured notes, fixed income, mutual funds, algorithmic trading platform and robo-trading.


China Digest: Medbanks nabs $59m Series D; Shenzhen Lihexing snags $19m

Medbanks Network Technology, an oncology database firm, has secured $59 million in a Series D round led by CDH Investments and CLP Fund.


People Digest: Principle Capital names Lau as VP; Jun to lead ICG Asia Pacific

Shanghai-based private equity firm Principle Capital has appointed Raymond Lau as a vice president of the firm.


Asia Digest: Neuron Mobility forays into Malaysia; Trax partners with Google Cloud

With the launch of its services in Cyberjaya, Neuron now offers its services in four cities, including Singapore, Bangkok and Chiang Mai.


China Digest: 360 Enterprise closes $132m Series B; LiDAR maker Benewake raises funds

360 Enterprise Security is a spin-off from Qihoo 360, China’s largest internet security firm.