By Mars Woo
The latest investment brings the total funding raised by AND Global and its subsidiaries to $15.3 million, including equity investment and debt financing.
The new fund will invest in distressed companies in East Asia’s emerging markets.
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Sea said the changes were the result of the company readjusting to a digital economy.
The final size is less than half the original target of 1.02 billion shares for up to P140 per share.
Exacta II is managed by Exacta Capital Partners, an entity in which Japan’s Mizuho Bank has a 39.9-per cent stake.
Low bank penetration and high internet penetration, it is not difficult for investors to see the similarity between Indonesia and Philippines – opportunity.
This is the second time that Melco has withdrawn its application to delist the unit, amid minority shareholder opposition to the proposed price.
Proceeds will be used to finance climate-smart projects including renewable energy, green buildings, energy efficiency, and water conservation.
It also hopes to double its revenue in five years, as it expands its own chains and buys others, at a time when deal-making in the restaurant sector is heating up.
The sale of a minority stake in San Miguel Food and Beverage is part of a restructuring plan announced last year.