Deals

Malaysia

Khazanah says made healthy profit with Malaysian Shoaiba stake sale

The wealth fund said it decided to exit its investment in the consortium since its commercial objectives had been met.

China/HK

AB InBev searches for Plan B after Asia IPO flop

The Budweiser owner needs to find a new way to reduce its $100 billion-plus debt pile.

China/HK

China’s Xiaomi picks up about 6% stake in semiconductor designer VeriSilicon

VeriSilicon, headquartered in Shanghai, has R&D centres at home and in the United States.

Vietnam

Vietnam government to divest 7.5% stake in state-owned MBBank

The stake sale is likely to attract interest from Asian banks in markets such as Japan and South Korea, among others.

World

Yandex, Uber JV to buy Vezet’s Russian assets in expansion push

Vezet group operates in 123 Russian cities under the Vezet, Taxi Saturn, Fasten and Red Taxi brands.

China/HK

China’s Didi Chuxing to open its app to third-party ride-hailing firms

It has opened its platform to third parties including those of FAW, Dongfeng, and Guangzhou Automobile.

Indonesia

Indonesia Digest: IDN Media acquires eSport media platform, SKALA opens startup cohort

IDN Media acquired Indonesian eSports media platform GGWP.ID for an undisclosed amount.

Malaysia

Realty Digest: Ascott expands hospitality footprint; Capital World to raise $13.5m

Capital World Limited has entered into a term sheet with two individual private investors to raise $13.47 million for the development of an ongoing pr

India

Emami Group taps Arpwood, Credit Suisse to manage cement unit sale

The bankers will start reaching out to prospective buyers for Emami Cement Ltd., seeking a valuation of about $1 billion.

World

NZ Super Fund backs $200m hotel portfolio in a bet on local tourism

NZ Super Fund said the investment will give it exposure to New Zealand’s fast-growing tourism sector and diversify its investment portfolio.