US decision on Thai Union’s acquisition of Bumble Bee Seafoods on Dec 18

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Thai Union Group (TU), the world’s largest canned tuna producer, said on Tuesday it expects U.S. authorities to rule on December 18 on whether its proposed acquisition of rival Bumble Bee Seafoods will be approved. If the Bumble Bee deal goes through, TU will divest its holding in its Chicken… Read more »

India: SunEdison to sell 400 MW of solar power capacity for $350m

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SunEdison Inc plans to sell solar power capacity worth about 400 megawatts in India for roughly $350 million, as the U.S.-based solar company looks to shed assets to boost balance sheet, said two sources with direct knowledge of the matter. SunEdison operates around 450 MW worth of solar plants in… Read more »


Myanmar Dealbook: Puma Energy’s $100m fuel storage facility; Ball Corp to start production at Thilawa SEZ

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Activities at Thilawa Port and Thilawa Special Economic Zone are on full swing with Puma Energy looking at operating a fuel storage facility by early 2016. US-based Ball Corp, that is being set up at the Thilawa Special Economic Zone, is also expected to be seeing full production soon. Puma… Read more »


India: Optiemus, Taiwan’s Wistron to invest $200m in the new telecom JV

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Telecom technology provider Optiemus Infracom Ltd has entered into a joint venture (JV) agreement with Wistron Corporation, a Taiwan-based original design manufacturer (ODM), to set up manufacturing facilities for telecom products in India. Both the companies will together invest about $200 million in the JV over the next five years… Read more »


SGX-listed SIA Engineering to net $132m gains on stake divestment in Rolls Royce JVs

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Singapore Exchange Mainboard-listed SIA Engineering Co. (SIAEC) has announced that it will divest 10 per cent stake in Hong Kong Aero Engine Services Ltd (HAESL) in favour of joint venture partners, Rolls-Royce Overseas Holdings (RROH) and Hong Kong Aircraft Engineering Company Limited (HAECO). In a parallel divestment, involving Rolls Royce’ Singapore… Read more »


After Smashburger deal, PH food giant Jollibee shows appetite for more M&As

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Driven to make it to the world’s top 10 fast food brands, Philippine-based Jollibee Foods Corp is considering to buy more multi-billion-dollar foreign companies.


Thailand: TICON to invest $926m in Asean in next five years

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Ticon Industrial Connection PCL (TICON) plans to invest 33.176 billion baht ($926.2 million) in Thailand and other ASEAN countries over the next five years. Of the total, it will invest 16.597 billion baht in Thailand, 5.91 billion baht in Indonesia and the rest 10.669 billion baht in other countries. The source of… Read more »


Singapore: Malta’s energy ministry invests in New Silkroutes Group JV

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Malta’s Ministry of Energy and Health has invested in Singapore-listed New Silkroutes Group Limited‘s joint venture IEG Malta Ltd, which was set up to develop Malta as an oil and gas trading hub in the Mediterranean. IEG, was a joint venture between Malta Enterprise Corporation and New Silkroutes Group (Europe) Limited. With the… Read more »


India: Payment gateway platform NumberMall acquires Delhi-based BankSmarts Solutions

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Hyderabad-based payment gateway platform NumberMall Pvt Ltd has acquired Delhi-based S S Analytics Solutions Pvt Ltd which operates under the brand name BankSmarts Solutions, for an undisclosed amount. “With this acquisition, we are adding the unparalleled analytics capabilities of BankSmarts to NumberMall’s competencies,” said Kiran Gali, founder and CEO of… Read more »


CGN’s $2.3b acquisition of 1MDB energy assets part of its aggressive global growth strategy

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In the largest transaction in the energy space in Asia, China General Nuclear Power’s (CGN Group) acquisition of Edra power assets, housed under scandal-hit Malaysian state fund 1MDB, for $2.3 billion is part of its strategy to look beyond China and become a strategic global player. The acquisition of 1MDB’s energy assets… Read more »