MSM in advanced talks for two upstream Indonesia acquisitions

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Sugar-producer MSM Malaysia Holdings is reportedly, in advanced talks to acquire two Indonesian firms in the upstream market, local newspapers published. The Edge Financial Daily said that MSM is in “advanced” negotiations to acquire two Indonesia-based firms operating in the upstream market. MSM is also exploring opportunities to form strategic alliances or mergers and… Read more »

Exclusive: Frontier Digital Ventures invests in Panama’s Encuentra24.com

Malaysia-based Frontier Digital Ventures (FDV) has made its maiden investment in Central America, committing an undisclosed amount in Encuentra24.com. Panama-based Encuentra24.com is a leading online classifieds marketplace in Central America, offering listings of cars, real estate, jobs, electronic and other classified listings like education, pets and animals, business and music and… Read more »


MY launch dealbook: iflix & 11street launch service & mobile app, respectively

Last week, Southeast Asia’s leading Internet TV service, iflix launched its service in Malaysia and the Philippines, offering subscribers unlimited access to various entertainment content at a monthly price. iflix’ monthly subscriptions for unlimited access to its service priced at a MYR10 per month, while annual subscriptions for unlimited access for… Read more »


Cradle Fund, OSKVI invest a combined $550k in Sync Media and MauKerja.my

Cradle Fund has sealed its first two deals with co-investment partner OSK Ventures International (OSKVI), both parties committing a total of MYR2 million ($550,000) in two Malaysian technology startups. This is the first venture capital round of funding for both startups, Sync Media and MauKerja.my. Both startups received MYR1 million… Read more »


OLS proposes to acquire Malaysian Phosphate Additives for $222m

Singapore-based OLS Enterprise Ltd has proposed to acquire phosphate additives producer Malaysian Phosphate Additives Sdn Bhd (MPA) for S$300 million ($222 million). OLS, listed on the Singapore Exchange, announced that it had entered into a term sheet with Right Earth Sdn Bhd, Casa Lite Sdn Bhd, Malaysia Technology Development Corporation… Read more »


StoreHub looking to raise $1.5m Series A, in talks with Life.SREDA, other VCs

Point-of-sale (POS) system startup StoreHub is considering to raise a $1.5 million Series A round, to power its regional expansion and product development. A person in the know, who declined to be named, said the talks have been on-going for a few weeks and while there was no deal set in… Read more »


Malaysia based Cocoaland rejects Navis’ takeover offer, EQT still in running?

Malaysian snacks and candies company Cocoaland Holdings has decided to reject a takeover offer from a unit of Navis Asia Fund VII, LP, on Monday. The company said in a stock exchange filing that its directors had deliberated on the proposed acquisition by Navis Asia VII Management Company Ltd, who made… Read more »


MMC mulls port assets listing after Malakoff spin-off

MMC Corp Bhd, which spun off its power unit Malakoff Corp Bhd two weeks ago, is now considering listing its port assets on Bursa Malaysia. “If we see good value in the future for us to look into the listing of our port (assets), then it will be considered. But… Read more »


E-commerce biz iprice gets $550k seed funding from Asia Venture Group

Malaysian e-commerce startup iprice Group has received $550,000 in seed funding from Asia Venture Group (AVG) to set up the largest one-stop online shopping community in Southeast Asia. The company said on its website that it has received help and funding from AVG, whose previous investments include iMoney, Trusted Company and Happy Fresh…. Read more »


CIMB-TrustCapital to list Aussie assets REIT on SGX

CIMB-TrustCapital Advisors, a firm that is jointly held by Malaysian investment bank CIMB Group and Singapore-based TrustCapital Advisors, plans to list a real estate investment trust (REIT), with $1 billion worth of Australian office assets, on the Singapore Exchange (SGX), a report said. CIMB TrustCapital is the holding company of CIMB-TCA Australia… Read more »