PH Dealbook: CBS partners Voyager for fintech platform Lendr, MPHH acquires 51% of SHHM for $3.17m

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In two separate business developments, China Bank Savings (CBS) has partnered with Voyager Innovations for the digital consumer loans platform Lendr, while Metro Pacific Hospital Holdings Inc (MPHH) secured a 51 per cent ownership of a level two hospital for $3.17 million.

SG Dealbook: GKE completes Marquis deal; MMP pares debt post restructuring

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Singapore firms are seeing significant transaction flow with GKE completing its acquisition of a majority stake in Marquis. Meanwhile MMP Resources is reducing its debt in a restructuring exercise and looking to relist on the Catalist secondary board of the Singapore Exchange. GKE completes acquisition of Marquis in $2m deal… Read more »


Cabinet okays setting up $2.7b Thailand Future Fund to pour into infra projects

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The Thai Cabinet has approved the setting up of Thailand Future Fund with 100 billion baht ($2.78 billion) initial capital to reduce the government’s burden on financing the country’s infrastructure development. The fund will also seek participation from Thai and foreign investors as well as the general public who prefer… Read more »


Singapore: Piquant Capital to terminate hedge fund after making loss in 2014

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The Singapore-based firm didn’t reach its targeted $60 million and will officially end operations at the end of the year, chief investment officer George Varghese said


China’s State Power to buy wind portfolio of Australia’s IFM Investors

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China’s State Power Investment Corp will buy several wind farms from Australia’s largest pension fund investor, IFM Investors, a source told Reuters on Wednesday, in a sale that local had said would raise about A$1.5 billion ($1 billion). The source did not give a sale price, but said the Chinese… Read more »


India Dealbook: Astra Microwave raises $9.7m via QIP; Streamoid Technologies gets angel funding

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Astra Microwave Products Ltd, a Hyderabad-based company, has raised around Rs 65 crore ($9.7 million) via qualified institutional placement (QIP) while visual search engine startup Streamoid Technologies Pvt Ltd has raised an undisclosed amount in angel funding. Astra Microwave raises funding through QIP Astra Microwave which designs, develops and manufactures… Read more »


SG Dealbook: LET China unit renews loan facilities; Secura Group eyes Catalist listing in 2016

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Singapore-listed Leader Environmental Technologies has renewed loan facilities from China Merchants Bank. Secura Group is considering listing on the Singapore Exchange’s (SGX) Catalist secondary board, having lodged an offer document with the bourse. LET China unit renews loan facilities Leader Environmental Technologies (LET) mainland Chinese unit, Jilin Anjie Environmental Engineering,… Read more »


Indonesia: XL Axiata mulls $500m fundraising to strengthen balance sheet

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XL Axiata, the most indebted of Indonesia’s listed wireless carriers, is weighing several fundraising options including selling stock to existing investors through a rights offering. It could sell shares in the first half of next year depending on market conditions.


India Dealbook: Prabhat Diary and NIIT appoint new CFOs; Myntra gets new strategy and planning head

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Rabo Equity-backed Prabhat Dairy Ltd has appointed Amit Gala as its new chief financial officer, while NIIT Technologies Ltd has appointed Amit Kumar Garg as its chief financial officer. In a separate hiring, FlipKart-owned online fashion retailer Myntra has appointed Ananya Tripathi as head strategy and planning. Prabhat Diary ropes… Read more »


US payments processor Global Payments to buy rival Heartland for $4.3b

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U.S. payments processor Global Payments Inc will buy smaller rival Heartland Payment Systems Inc in a $4.3 billion cash-and-stock deal that will expand its merchant base and reach at a very competitive time in the industry. Payment processors globally are looking to expand via acquisitions and alliances as more and more… Read more »