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Opening its e-commerce arm Shopee to external investment has been something the company has been thinking about, chief strategy officer Alan Hellawell said, while acknowledging that the group felt that the business has been undervalued by the market.
Bursa-listed global plantation company Felda Global Ventures Holdings Bhd (FGV) announced the resignation of its group president and CEO, Zakaria Arshad, effective September 18.
Indochina – which comprises Cambodia, Laos, Myanmar, Vietnam and Thailand – is fast catching investor interest even though the return timeline appears to be long drawn.
The fund surpasses KKR’s $9.3-billion third Asia-focused fund raised last year.
According to BWX, the Bain-led consortium had failed to submit a binding proposal.
The transaction was terminated due to the non-fulfillment of certain conditions.
The investment in TAUZIA, one of Indonesia’s top five hotel operators, will add close to 20,000 units spanning 122 hotels across Indonesia, Malaysia and Vietnam to Ascott’s portfolio.
Chinese carmaker Zhejiang Geely Holding Group and Sampo plc of Finland have received regulatory approvals to acquire a controlling interest in Denmark’s Saxo Bank.
Surbana Jurong and Mitsubishi will each contribute up to $250 million to seed the fund which will invest in urban development projects in emerging Asia, primarily in Myanmar, Vietnam, the Philippines, Indonesia, India and Sri Lanka.
CVC Capital is looking to deploy $1 billion every year from the fifth fund.