VC Dealbook: Migme acquires 2 Indonesian ventures; SK Group launches $25m agribusiness fund

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Singapore-based social media venture Migme has raised a fresh round of funds through a placement and acquired two Indonesian firms, as part of its growth activities. Additionally, the South Korean chaebol, SK Group, has raised a new $25 million fund targeting agribusiness and fisheries ventures, as part of a broader… Read more »

Singapore: VMFive secures $6m Series A investment

Taiwanese startup venture VMFive, which has created a system for mobile application streaming, Adplay, where developers can offer users a trial use of their app without downloading it, as a form of interactive advertising. The venture was co-founded by Owen Lo, Sam Ding, and Shawn Lee. The venture has secured a $6… Read more »


Noble CEO says Moody’s rating does not reflect positive impact of recent agri deal

Noble Group Ltd’s chief executive has written to staff to say the commodity trader’s financials were improving and did not warrant Tuesday’s “unexpected” move by Moody’s Investors Service to downgrade its credit rating to junk status. “We clearly feel this decision does not reflect the positive ratings impact of the… Read more »


Singapore: Noble Group credit rating downgraded to junk by Moody’s as commodity rout deepens

In a blow to the company’s efforts to retain its investment grade rating and slash debt by selling assets, Moody’s cut Noble’s senior unsecured bond ratings to Ba1, which represents junk status, from Baa3 and assigned a Ba1 corporate family rating to Noble


SIA now owns 74.5% of Tiger Airways, extends offer to buy remaining shares in budget carrier to Jan 8

SIA will have to acquire at least 90 % shareholding in Tiger Airways to take it private. So far it has managed to buy or get commitments 1.86 billion (74.5%) of Tiger Airways shares


Singapore: China Yuanbang unit sells stake in Wanyuan Yuanbang Resort; Oxley to sell $60m Japan property

In two separate realty business developments, a unit of China Yuanbang Property Holdings is disposing its 25 per cent stake in Wanyuan Yuanbang Resort Development, while Oxley Holdings Ltd agreed to sell its property in Japan worth $60 million.


Singapore: Geo Energy to buy entire stake in Borneo International Resources

Singapore SGX Mainboard-listed coal mining group Geo Energy Resources Ltd has entered into an agreement to acquire the remaining 34 per cent shareholding interest in Borneo International Resources from British Virgin Island’s holding company Optimum Source Ltd for $25 million. Borneo International Resources holds an equity interest of 98.96 per… Read more »


Japan’s Xyec to merge its subsidiaries Neutral, Aclox

Japan-based Xyec Holdings announced the merger of its subsidiaries Neutral Co and Aclox Co effective April 1, 2016.


Singapore: Wee Hur expands in Australia, buys $64m property

Singpore-listed property developer Wee Hur Holdings is expanding operations in Australia after buying an office building and an adjoining piece of land worth $64.2 million (A$63 million).


S Korea’s Yello Digital Marketing eyes wider Asean reach with Singapore HQ: CEO David Lee

Yello Digital Marketing (YDM), the adtech arm of South Korea’s unicorn Yello Mobile, has been known for its aggressive acquisitions in SEA