By Shu Zhang and Matthew Miller
Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China’s richest man steps up a drive to diversify his business empire overseas. At a news conference in Beijing on Tuesday, Wanda Chairman Wang Jianlin… Read more »
Indonesia has allowed foreigners to own houses for up to 80 years in an effort to show a friendlier face to people who might come and bring investment with them. The Cabinet Secretariat said on its website on Tuesday that President Joko Widodo signed a regulation late last year giving… Read more »
Thai Oil Pcl, one of Thailand’s major oil refineries and a subsidiary of energy conglomerate PTT Pcl, plans to set aside a budget of around $5 billion for its investment over the next five years, aiming to boost its refining capacity of crude oil distillation unit from 275,000 barrels a day… Read more »
Air purifier maker Atlanta Healthcare has raised $400,000 in funding from Snapdeal’s senior vice president Amit Choudhary and chief strategy officer Govind Rajan among others. Online geolocated fashion directory and marketplace Fashionablyin has raised funds from Epic Group chairman Ranjan Mahtani and others. Atlanta Healthcare raises $400K from Snapdeal execs Air… Read more »
JWD InfoLogistics is expanding outside Thailand for the first time through a joint venture with RMA Group. Meanwhile, Asset Bright Pcl signs the memorandum of understanding to study the possibility to acquire Lanna International School in Chiang Mai, in a bid to strengthen its educational business in the long run. JWD… Read more »
Thailand’s investment agency said on Tuesday it approved investment applications worth about 800 billion baht ($22 billion) last year, missing its target of 1.4 trillion baht, but up from 724.7 billion baht in 2014. The agency did not meet its target in 2015 as some applications were submitted prematurely and… Read more »
Newly launched private sector IDFC Bank has acquired a 9.99 per cent stake in ASA International India Microfinance (ASAI India) for nearly $1.3 million (Rs 8.5 crore), according to a report in The Economic Times. The acquisition, which marks the first investment by the lender in a microfinance institution, will give… Read more »
The operator of All Nippon Airways will pay $109m for stake, with the deal set to close sometime between March and June. The two airlines will discuss more stake sales later.
Canada-headquartered GreenCoinX is in initial talks with few investors, to raise around $20 million, Nilam Doctor, president and chief technical officer (CTO) of the firm, told DEALSTREETASIA. “We have received few confirmations from private equity and venture capital companies to raise the funding,” Doctor said. However, he declined to divulge more… Read more »
IFC gives $25 million loan to local retail group, City Mart Holding.