By Liz Lee
Based on the indicative offer price, the IPO would raise between $8.12 million and $11.6 million. The total market capitalization of Phnom Penh SEZ would be from approximately $40.5 to $57.88 million.
Daily Mail & General Trust PLC’s potential bid could take one of two forms, according to the report, citing people familiar with the matter. In one scenario, a private-equity partner would acquire Yahoo’s core web business, with the Mail taking over the news and media properties.
In the other scenario, the private-equity firm would acquire Yahoo’s core web business and merge its media and news properties with the Mail’s online operations.
The general downward trend in the sector, nonetheless, is a reflection of the overall global situation: the mega-deal frenzy, which drove M&A in 2015, is no longer the defining trend in the market.
The investment is led by Ally Bridge Group (ABG), a healthcare-focused investment group in Hong Kong, and sees participation from Yuhan Corporation, its strategic corporate partner in South Korea, and others.
China’s Anbang Insurance Group Co last week abandoned its $14 billion offer for Starwood Hotels, clearing the way for Marriott to buy the owner of Sheraton and Westin hotel brands.
The firm’s business units would be rebranded as “Bain Capital” . Sankaty Advisors will operate as Bain Capital Credit while Brookside Capital will be Bain Capital Public Equity,
First-round bids for the company’s main Web assets are due April 11, a person with knowledge of the matter said last week. Yahoo shares fell about 1 percent to $36.32 as of 3:16 p.m. in New York Thursday.
Canadian Fengate Capital Management has acquired an equity stake in the Western Australia Worsley Multi-fuel Cogeneration plant (Worsley MFC), marking its third investment in the APAC country and further strengthening its international infrastructure business.
Eunse Lee, founder and special partner at the firm, said the fund expects to hit its first close in May with 30 to 40 per cent of capital committed. The company is looking at raising a parallel fund for Asia exclusively.
Participating in the round were global OLED panel manufacturers including Samsung Display, LG Display, Japan Display and JOLED, top tier Japanese venture capital funds, and a Japanese Government affiliated venture fund.