Singapore’s Alpha7 appoints new COO, CMO

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Singapore-based business cloud enabler Alpha7 has inducted Brian Parkinson as chief operating officer and Kenneth Lim as chief marketing officer to its team. Alpha7 provides cloud technology solutions, advisory services and technical expertise for businesses in Singapore and the Asia-Pacific (APAC) region. Alpha7 was launched in January 2014 by Lynette Seah, an ex-VP of… Read more »

Draper investing in ASEAN-focused funds: VentureBeat

Timothy Draper, a Silicon Valley venture capitalist (VC), known for his investments in Hotmail, Skype and Baidu has disclosed to business publication VentureBeat that he is targeting increased deals flow in Southeast Asia, as well as acquiring new talent for his board of directors. According to a VentureBeat report, Draper has invested… Read more »


PE firm Shaw Kwei offers to buy SG-listed Chosen, take it private

Private equity firm Shaw Kwei & Partners has offered to buy out Singapore listed Chosen Holdings at S$0.24 per share, and take it private. This all cash offer values Chosen, which provides integrated manufacturing solutions in China, Singapore, Thailand, and Malaysia, at about S$67.6 million. Southshore, the special purpose vehicle… Read more »


Templeton’s emerging markets fund invests in Vietnamese logistics firm

Leading Vietnamese logistics firm, Indo Trans Logistics Corporation (ITL), has secured an investment of $15.8 million from Franklin Templeton, the global investment firm announced. The funding has been provided by Templeton Strategic Emerging Markets Fund IV LDC, a private equity fund managed by the Templeton Emerging Markets Group headed by… Read more »


Singtel completes Trustwave deal at lower price

Singapore Telecommunications (Singtel) Tuesday said it had completed the acquisition of Chicago-based cybersecurity firm Trustwave for $770 million. This is about $40 million lower than the deal price of $810 million that was announced in April this year. Earlier this year, Southeast Asia’s biggest telecommunications firm by revenue said it would buy 98… Read more »


Marketplace for video makers MotionElements secures pre-Series A funding

MotionElements, a microstock marketplace for video makers, has raised an undisclosed amount in pre-­Series A funding from an investment syndicate consisting of Singapore-based KK Fund, Japan-based Incubate Fund and 500 Startups. Launched in 2010 by co-founders Mark Sun, Sean Quek and Joanne Chua, MotionElements is among the largest royalty-­free marketplace in Asia for stock video and audio… Read more »


SingPost continues acquisition spree, picks up stake in two HK companies

Singapore Post has acquired two Hong Kong based companies as part of its ongoing strategy to extend its regional footprint through M&As and partnerships. This marks the latest in a series moves the SGX-listed company has undertaken to  invest in e-commerce and digital businesses in order to sustain its business,… Read more »


Carlyle Group exits China Fishery board

Private equity major Carlyle Group is no longer part of the board of Singapore-listed industrial fishing company, China Fishery Group. Carlyle had recently declined to take part in China Fishery Group’s rights issue, and this had led to the private equity firm’s stake in the fishing company being reduced to… Read more »


Keppel buys US firm’s offshore rig business for $100m

Singapore-listed Keppel Corporation Monday said its subsidiary –  Keppel Offshore & Marine USA, Inc – had reached a deal with Cameron International Corporation to acquire the latter’s LeTourneau rig design and rig kit business for $100 million in cash. The deal structure will see Keppel purchase Cameron’s 100 per cent… Read more »


Raffles Medical to buy chain of clinics in China, Indochina for $24.5m

Singapore-listed Raffles Medical Group Monday said it had reached a deal to buy 10 clinics in China, Vietnam and Cambodia for $24.5 million in cash. The deal is routed through Raffles Medical Group subsidiary – Raffles SurgiCentre – which has entered into a share with AEA International Holdings. The Raffles unit… Read more »