By Mars Woo
Japanese companies Mitsubishi, Mitsui and Mitsubishi are participating in separate real estate development in the Philippines and Malaysia.
The company said the deal is expected to raise at least $125 million in revenues and put the spotlight on a prime property once dubbed as “Asia’s Paradise Resort”.
The approval comes after both parties paid a fine for consummating the deal without clearance from the antitrust commission.
Mayweather has partnered with U-Hop through his company The Money Team (TMT), which has made its first Southeast Asia investment.
The investment will give JFC a substantial ownership in Tim Ho Wan Pte Ltd, the Asia Pacific master franchise holder of the Tim Ho Wan brand.
Manila-based Edukasyon has raised an undisclosed amount in a funding round backed by KSR Ventures and French Partners, ahead of its planned Series A in the fourth quarter of this year.
Grab now controls more than 90% of the ride-hailing market in the Philippines but struggles to keep up with demand.
The convenience store business represents less than 10 per cent of Puregold’s portfolio.
The Japan deal follows a string of international deals worth over $3.5 billion that Revolution Precrafted has sealed so far this year.
If successful, this would be the biggest outbound deal from the Philippines in almost two years.